ReadSoft selected as a Microsoft Global ISV and expands

Microsoft Dynamics® and Windows 8 users stand to benefit from an expanded global alliance created to support the accelerated adoption of ReadSoft’s market -leading financial process automation applications built on the Microsoft Windows Azure platform. Microsoft Selects ReadSoft as a Global ISV In direct response to the increased market penetration of its Microsoft Dynamics AX-integrated Accounts Payable (AP) solution, ReadSoft has been selected by Microsoft to be a Globally Managed Independent Software Vendor (ISV). ReadSoft will gain additional development, marketing and sales support from Microsoft globally which will further strengthen the adoption of financial process automation built on Microsoft Dynamics AX. The ReadSoft/Microsoft Dynamics solution, the first hybrid cloud AP solution built on Windows Azure, is an out -of-the-box application that automates the collection and extraction of supplier invoice data and integrates with Microsoft Dynamics AX for invoice review, exception handling and payment processing. The joint solution provides ease of implementation, unprecedented security and scalability, and proven ROI by minimizing labor-intensive and error-prone tasks associated with the processing of invoices. To illustrate, Netherlands-based Hanze University of Applied Sciences struggled with misplaced invoices, lack of accountability and rampant errors due to manually processing 40,000 invoices per year. The university now scans, captures and verifies invoices in ReadSoft’s web interface and transfers the data to its Microsoft Dynamics AX ERP system. “ReadSoft’s integration with Microsoft Dynamics AX is seamless,” reports Jean-Paul Heunks, Head of Finance at Hanze University of Applied Sciences. “Our users quickly accepted it and we now have complete control over the flow of incoming invoices – the whole process runs more smoothly and efficiently.” “After years of significant investment and hard work with the Azure and Dynamics teams, Microsoft’s endorsement of ReadSoft as a Global ISV is quite affirming,” remarks Lars Appelstal, CTO at ReadSoft. “Microsoft has been an important partner to ReadSoft for more than twenty years, and continues to be part of our development strategy. I fully expect our partnership to yield mutually beneficial results as ReadSoft continues to build market-leading hybrid cloud solutions for financial process automation and  multichannel document process automation solutions.” ReadSoft Embraces Windows 8.1 Devices and Services Strategy As testament to ReadSoft’s commitment to Microsoft’s devices and services strategy, ReadSoft is making available ReadSoft Online Approve and XBOUND System Monitor on Windows 8.1, Microsoft’s latest version of its market-leading Windows operating system. Both applications serve as forerunners of a rich set of functionality that ReadSoft plans to deliver in the future and are specifically designed to leverage Windows 8.1 ease-of-use features, giving users the ability to use touch screens and mobile devices to easily and intuitively manage document processes. “Microsoft app developers have always provided rich functionality and value for our shared customers, and Windows 8 gives them the platform to deliver,” said John Richards, Senior Director, Windows Business Development. “The re-imagining of Windows keeps our app developers ahead of the competition and gives our shared customers flexibility and choice.” ReadSoft Hybrid Cloud AP Solution Achieves Major Dynamics Milestone In addition, ReadSoft Online SaaS cloud-based solution passed the Software Solution Test for Microsoft Dynamics, which is a major requirement to achieve Certified for Microsoft Dynamics® status - the highest accreditation granted by Microsoft. “By requiring the software solution to meet our highest standards, Microsoft is assuring customers that these certified solutions work with their investments in Microsoft Dynamics,” said Doug Kennedy, vice president, Microsoft Dynamics Partners. ReadSoft’s work with Microsoft is intended to provide Microsoft customers with the richest set of finance and document automation solutions available. For more information about ReadSoft’s entire set of document processing and financial solutions for Microsoft customers, visit www.readsoft.com. 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 December 3, 2013 at14:00 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 Bob Monio, Director, Global Alliances Phone: +1 612 208 2980 Email: bob.monio@readsoft.com About ReadSoft ReadSoft is a leading global provider of applications for automating business processes 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.