HELSINGBORG, Sweden--(BUSINESS WIRE)--Regulatory News:
The Swiss Radio and Television Corporation (SRG SSR), the largest provider of electronic media in Switzerland, has chosen ReadSoft’s (STO:RSOFB) invoice automation solution. The agreement is worth 260,000 EUR and was signed during the fourth quarter of 2011.
The SRG SSR plans to centralize its invoice process. The previous work processes are to be replaced by automated workflows that the ReadSoft specialists will individually adapt to the needs and the processes of SRG SSR. ReadSoft's invoice processing solution makes the invoice process faster, more efficient and transparent and thereby reduces costs considerably. With its 18 radio stations and eight television programs, complementary online services and teletext services, and with an annual turnover of 1.6 billion CHF, SRG SSR is the largest provider of electronic media in Switzerland.
The SRG SSR will use ReadSoft’s solutions PROCESS DIRECTOR for Accounts Payable in conjunction with ReadSoft's data capture solution as well the EDI COCKPIT. Fully integrated in SAP, PROCESS DIRECTOR for Accounts Payable provides a real-time overview of all invoices and their processing status. The combination with the ReadSoft data capture solution ensures that relevant data will be captured automatically from the invoices and transferred into SAP for further processing. Customers benefit from faster and more efficient invoice processing, timely invoice approval and a better cash flow management through the timely processing. In addition, all process steps will be documented to increase transparency of the process. “
We are pleased that SRG SSR chose ReadSoft to standardize processing among multiple business units,” says Per Åkerberg, President and CEO of ReadSoft. “We look forward to playing an important role in SRG SSR’s strategy and helping their invoice processing initiatives to success,” finishes Per Åkerberg.
This information is such that ReadSoft AB (publ) is to publish in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on December 22, 2011 at 10:00 CET.
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 (http://www.readsoft.com/purchase-to-pay.aspx), document capture (http://www.readsoft.com/enterprise-capture.aspx), document sorting (http://www.readsoft.com/software-products/document-capture.aspx), and order to cash (http://www.readsoft.com/order-to-cash.aspx). ReadSoft is by far the world’s number one choice for automated invoice processing (http://www.readsoft.com/software-products.aspx), especially into business systems from SAP (http://www.readsoft.com/default/sap-solutions) and Oracle (http://www.readsoft.com/default/oracle-solutions). 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.
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