ReadSoft signs 380,000 EUR deal with global energy

ReadSoft France has reached an agreement with a global essential and specialty chemicals provider. The existing customer has chosen to expand its use of ReadSoft’s invoice automation solution. The deal was signed in the third quarter of 2013, and includes licenses and services, with a total project value of 380,000 EUR. The customer is a world-leading chemical company who already processes hundreds of thousands of invoices with ReadSoft’s SAP®-certified invoice automation solution. Accounts payable efficiency is an important function for the company, which conducts billions of dollars worth of business each year. As a result of a merger and optimization project, the company has chosen to expand the use of ReadSoft’s solution for its invoice processing requirements and process optimization work. The company chose the ReadSoft solution due to previous positive experiences with ReadSoft’s solutions, and importantly, due to the solution’s flexibility for deployment across multiple international locations. ReadSoft has a specialized team for global projects, which also helps allow for an easy international rollout and a simplified maintenance setup – two factors that are important for large multinational companies, and were attractive to the client in this case. Per Åkerberg, President and CEO of ReadSoft, says he is delighted to be helping another company that is a world-leader in its field to achieve even greater efficiency. “Our leading solution for invoice automation is well proven and we are excited to be able to help this company save time and costs in their accounts payable processes. We look forward to working closely with them to help them achieve their goals,” finishes 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 October 7, 2013 at 13:00 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 (http://www.readsoft.com/solutions/document-processing) in the cloud  (http://www.readsoft.com/solutions/document-processing/capture-in-the-cloud)or on premise. ReadSoft is by far the world’s number one choice for invoice processing automation (http://www.readsoft.com/solutions/document -processing/invoice-processing), especially into business systems from SAP (http://www.readsoft.com/solutions/automation-for-sap) and Oracle (http://www.readsoft.com/solutions/automation-for-oracle). ReadSoft’s software enables companies to automate document processes such as accounts payable processing (http://www.readsoft.com/solutions/by-department/accounts -payable), and mailroom automation (http://www.readsoft.com/solutions/document -processing/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