North American Fortune 500 Company Expands Invoice Automation Solution with ReadSoft Worth 341,000 USD
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A Fortune 500 food company based in North America has chosen to expand its use of ReadSoft's invoice automation software to its division in Mexico. The new invoice automation agreement is worth 341,000 USD and was signed in the first quarter of 2012.
The customer already processes millions of invoices with ReadSoft's SAP®-certified invoice automation solution at its North American shared service center and in Latin America with significant processing improvements. The company is now expanding the solution to Mexico to eliminate the time consuming manual document handling of tens of thousands of its invoices per year with ReadSoft's SAP®-certified invoice automation solution.
The invoice automation solution is end-to-end, from arrival to posting, and it is seamlessly integrated with the customer's SAP system. ReadSoft was selected thanks to the customer's invoice processing achievements in North America and Latin America to-date, facilitated by an effective implementation of ReadSoft's reliable solution with seamless integration with the customer's SAP platform.
"ReadSoft's modular solutions are designed to extend the global processing initiatives of multinational enterprises across a diverse and complex international environment," says Per Ã…kerberg, President and CEO of ReadSoft. "Through the success of our initial North American implementation, ReadSoft has forged a proven partnership with this customer, and we look forward to working continuously with this company to provide the most efficient invoice automation solutions and services," finishes Per Ã…kerberg.
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 March 29, 2012 at 14:00 CET.
For additional information, please contact
ReadSoft AB
Johan Holmqvist, Vice President, Corporate Communications
Phone: 46 708 37 66 77
Email: johan.holmqvist@readsoft.com
About ReadSoft
ReadSoft is a leading global provider of software solutions for Document Process Automation. ReadSoft's software enables companies to automate document processes such as accounts payable processing, document capture, document sorting, and order to cash. ReadSoft is by far the world's number one choice for automated invoice processing, especially into business systems from SAP and Oracle. Since the start in 1991, ReadSoft has grown to a worldwide group with operations in 16 countries on five 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.
