ReadSoft signs agreement worth 660,000 EUR with major

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Jul 9, 2014 at 5:15 AM

ReadSoft signs agreement worth 660,000 EUR with major European bank

A leading European bank with offices all over the world has chosen ReadSoft’s SAP®-certified automation solution to process paper and electronic purchase requisitions, goods receipts and invoices throughout its European operations. The agreement is worth 660,000 EUR and was signed during the second quarter of 2014. With operations across Europe the customer sought an invoice processing solution to reduce the costs and delays associated with manual invoice processing. The company utilizes SAP as its core financial system of record and aimed to partner with a proven, SAP solution provider. ReadSoft was ultimately selected due to its solution’s inherent, tight integration and certification with SAP®. After choosing ReadSoft as the leading solution to handle its invoice processing initiative, the customer also wanted one solution that was integrated into their ERP-system to automate the Purchase to Pay (P2P)- process. With a decentralized Purchase to Pay-process in place, the customer suffered with inherent manual processing pain points that ultimately slowed its P2P process down and cost the organization key process controls and real-time visibility. The company soon realized the need to centralize and optimize its P2P process in order to accelerate payment lead times, reduce the time and effort dedicated to its P2P operation. It sought a solution provider with the capabilities to help leverage its existing SAP® Enterprise Resource Planning (ERP) System investment and recognized ReadSoft’s inside SAP® solution as the most efficient and cost -effective offering on the market. Besides thorough vendor analyses that lead to the customer choosing ReadSoft because of its notable reputation and proven success with SAP automation implementations, the company also found that ReadSoft’s solutions followed their IT-strategy and fitted the needs of the organization well. “As companies strive to achieve more with less, automation allows them to maximize their existing investments in SAP while addressing pain points in their different business processes,” says Per Åkerberg, President and CEO of ReadSoft. “We are excited to help this organization to get more cost-efficient business operations, and we look forward to more companies leveraging their SAP investments with our purchase to pay technology, 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 July 9, 2014 at 11:00 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 simplifies business for organizations of all sizes with applications for business processes such as accounts payable automation (http://www.readsoft.com/solutions/by-department/accounts-payable -automation), accounts receivable (http://www.readsoft.com/solutions/automation -for-sap/accounts-receivable), sales order processing (http://www.readsoft.com/solutions/automation-for-sap/sales-order -processing-sap), and multichannel mailroom automation. (http://www.readsoft.com/solutions/document-process -automation/mailroom-automation) Its on-premises and cloud document process automation solutions (http://www.readsoft.com/solutions/document-process -automation/mailroom-automation) enable some of the world’s largest corporations as well as small and medium businesses to compete and thrive in today’s environment by improving customer and supplier satisfaction, increasing operating efficiency, and providing greater visibility into business processes. ReadSoft is the world’s number one choice for invoice processing automation (http://www.readsoft.com/solutions/document-process -automation/invoice-processing), and its applications integrate seamlessly with ERP systems from SAP (http://www.readsoft.com/solutions/automation-for-sap/sales -order-processing-sap), Oracle (http://www.readsoft.com/solutions/automation-for -oracle-e-business-suite), Microsoft (http://www.readsoft.com/solutions/document -process-automation/invoice-processing-for-microsoft-dynamics), as well as with many other business systems. Since 1991, the company has grown into a worldwide group, delivering industry expertise and support in 17 countries on six continents through its local and global partner network. ReadSoft is headquartered in Helsingborg, Sweden, and its share is traded on the NASDAQ OMX Stockholm’s Small Cap list. Visit www.readsoft.com.

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Servier's Data on Tovorafenib Shows Promise in pLGG

New Light on a Critical Challenge Talk about a fight in the dark. Pediatric low-grade glioma (pLGG) is a menace that families dread, an uphill battle with odds that feel relentless. Enter Servier and its four-year updated data on OJEMDA® (tovorafenib), a beacon of hope for kids battling these tricky brain tumors. Results, presented at the SNO meeting, are fresh off the...

Novo's Research Unlocks New Insights into Food Noise

Unpacking the Science Behind Food Noise When folks think about losing weight, most picture shedding pounds and fitting into those elusive smaller jeans. But get this—there’s a curveball called ‘food noise’ that’s making waves in obesity treatment. Novo Nordisk’s semaglutide injections are shaking things up, cutting down on those persistent thoughts about food....

KINGRVER Boosts RV Comfort with New Water Heater Lineup

An Upgrade for the Open Road In the land of RV living, comfort is king—or in this case, KINGRVER. Dropping affordable upgrades for water heaters into the world of RVs, KINGRVER's CT6 lineup is like a warm hug on a chilly campsite morning. Whether you've pulled up to a wooded retreat or parked under the vast desert sky, having dependable hot water shouldn't be a gamble....

Ambrosia Biosciences Unveils Promising Nonclinical Metabolic Data

Ambrosia's Latest Nonclinical Revelations Ambrosia Biosciences has just thrown out some major bait at ObesityWeek® 2026. The highlight? New nonclinical data profiles for two of their understudy small molecule programs—AMB-895 and AMB-131. It may sound niche, but in this sector, promising data spins heads. Their GLP-1 receptor agonist, AMB-895, and GIP receptor...

YSTUDIO's Pens: A Nod to the Power of Writing

Slow Down, Write On: A New Era for Stationery In a world where sentiments zip around with a swipe, here we find YSTUDIO tapping into something analog and profound. Their latest offerings—a 'Brand Day Gift Box' and the 'Inner Universe' pen series—are more than just high-end stationery. They’re an invitation to reconnect with the written word, a gesture to slow our...

EZaccessMD Data Breach: Class Action Lawsuit Looms

Data breaches are the bogeyman no one wants lurking in the shadows, and when it’s your personal info at stake, folks rightfully squirm. This recent fiasco at EZaccessMD is one of those unsettling incidents. The word on the street isn't pretty: sensitive medical data has slipped through the cracks, leaving Edelson Lechtzin LLP, a heavyweight in class action maneuvers, to...

SmallRig Boosts Art-Driven Innovation in AI Era

The Interplay of Art and AI In a world where the lines between man and machine blur faster than ever, creators like SmallRig are boldly asking: what role should authenticity play when AI takes the stage? The Shenzhen International Art Museum and SmallRig stood shoulder to shoulder, tackling this head-scrambling question with a global gathering of art and tech giants. It's...

Webull Faces Class Action: Key Details for Investors

What's Really Going on With Webull? When you hear there's a class-action lawsuit brewing, you know something's gone real sideways. Webull Corporation (NASDAQ: BULL) finds itself neck-deep in a securities fraud class action alleging some dicey dealings with China. If you've got skin in the game—and if you bought Webull stock between April 26, 2025, and October 6,...

WeaveGrid Powers EVConnectNC: Charging Incentives Launched

Transforming Utilities with EVConnectNC In a fresh move by WeaveGrid, North Carolina's Electric Cooperatives have teamed up to roll out EVConnectNC. This innovative program aims to manage the burgeoning demand for electric vehicle (EV) charging in rural and suburban areas under North Carolina's cooperative umbrella. Think of it as a smart way to handle new loads without...

Lilly's Obesity Breakthroughs: A Step Beyond the Scale

Pushing the Boundaries of Obesity Treatment Alright, let's cut through the noise and get to what really matters here. Eli Lilly is taking on obesity treatment like it's Clash of the Titans at this year's ObesityWeek 2026 in Washington, D.C. Forget just dropping pounds—Lilly wants to reshape how we think about obesity entirely. They're not just leaning into the scale,...