ReadSoft Germany has reached an agreement with a large chemical provider to automate their invoice processing. The deal was signed in the third quarter of 2013, and includes licenses, maintenance and services, with a total project value of 324,000 EUR.
The company is a world leader in its space within the chemicals industry and with its new growth initiatives, the management team has identified the need to make savings and increase efficiency by adopting ReadSoft's solution to automate invoice processing inside their SAP ERP system. The customer will be able to easily handle any type of incoming invoice (XML, EDI, PDF, paper etc.) with their new solution.
The new customer informs it was ReadSoft's close SAP integration, international presence, and our substantial experience in working with SAP and also the potential to automate other processes in SAP which convinced them ReadSoft is by far the best solution on the market.
"It is fantastic to be able to help this company increase efficiency with their invoice processing, and it's great to know they are already excited about our ability to automate other processes inside SAP," says Per Åkerberg, President and CEO of ReadSoft. "Our solution can play an important role in their success by saving them time and money with processes, by offering them greater process transparency and cash-flow management, and by helping them to fulfill compliance requirements. We look forward to joining them for this journey," finishes Per Åkerberg.
Within this press release, ReadSoft's customer in the transaction or co-operation is not mentioned by name. This is due to the fact that they have requested to remain anonymous. This is information of the type that ReadSoft AB (publ) is obligated to disclose in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on September 23, 2013 at 13:00CET.
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Vice President, Corporate Communications
ReadSoft is a leading global provider of software solutions for document process automation in the cloud or on premise. ReadSoft is by far the world's number one choice for invoice processing automation, especially into business systems from SAP and Oracle. ReadSoft's software enables companies to automate document processes such as accounts payable processing, and mailroom automation. Since the start in 1991, ReadSoft has grown to a worldwide group with operations in 17 countries on six continents and a network of local and global partners. The head office is located in Helsingborg, Sweden, and the ReadSoft share is traded on the NASDAQ OMX Stockholm's Small Cap list. For more information about ReadSoft, please visit www.readsoft.com.