ReadSoft responds to SMB market, delivers further

ReadSoft, a leading global provider of applications for automating business processes, has again added significant market-responsive capabilities to its cloud-based solution for automating end-to-end Accounts Payable (AP) processes. New functionality of ReadSoft Online includes improved integrations, expanded document storage abilities and additional customization and end-user options–facilitating greater efficiency and cost savings for enterprises of any size. Since its launch in 2010, ReadSoft Online, the company’s Software-as-a-Service (SaaS) cloud-based solution has developed from a best-practice front-end invoice data capture and extraction service to one that fully automates the end-to-end AP process with approval workflow and online document storage. At the same time, the user base of ReadSoft Online has significantly grown. First released in the Nordics and Europe, companies across Asia, and North and South America are now utilizing the service, many of which are SMBs that require a solution that can readily address AP inefficiencies without an initial capital investment. Today, ReadSoft demonstrates its ongoing investment in responding to the needs of SMBs by adding another round of new capabilities to ReadSoft Online that delivers: · Enhanced Visibility – Real-time status and document history is now available to all stakeholders throughout approval workflow process. Also, in addition to invoices, other supporting documents may now be uploaded, stored and available to the user to view. · Upgraded Integrations – Improved data capture and approval workflow integration with ERP systems: Microsoft Dynamics AX 2009 and 2012, e-conomic and NetSuite. Expanded interface capabilities with several invoice-generating applications and supplier-onboarding software Visma Business. · Greater Flexibility and Adaptability – User requirements are met with more customization options · Optimized Processing – New user configurations enable supplier-level, straight-through processing and greater control over business rules. Screens are easier to view and email notices for approval workflow are improved. “Amesto chose ReadSoft Online for a number of reasons, the primary one being the great value our own customers get from our ReadSoft Online system. It’s flexible, always makes use of the latest technology, and is user-friendly. Our customers particularly appreciate the immediate access to invoices, the approval workflow system, and even storage,” says Oddny Nyhagen, IT Manager at Amesto AccountHouse. “They can now receive invoices in multiple formats, including emailed invoices and paper invoices, all in one single application. And their suppliers can now send their invoices directly to ReadSoft Online,” finishes Nyhagen. “We’re currently processing about three million invoices in the cloud, and that number continues to grow every month,” announces Per Åkerberg, President and CEO of ReadSoft. “The increased interest around ReadSoft Online is the result of a customer-centric philosophy that drives innovation and mutual success.” Cost-conscious, efficiency-seeking enterprises of any size seeking a proven, user-friendly solution for automating invoice processing are encouraged to contact ReadSoft or one of ReadSoft’s valued partners. Products or service names mentioned herein are the trademarks of their respective owners. ReadSoft may be required to disclose the information provided herein pursuant to the Securities Market Act. The information was submitted for publication on October 21, 2013 at 10:00 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 Dan Lundmark, Product Manager, ReadSoft Online Phone: +46 708 37 66 01 Email: dan.lundmark@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