HELSINGBORG, Sweden--(BUSINESS WIRE)--Regulatory News:
ReadSoft (STO:RSOFB):
ReadSoft South Africa has reached an agreement with a governmental shared services center to provide an accounts payable automation solution worth 235,000 EUR including licenses, implementation, and maintenance. The deal was signed during the third quarter of 2012.
The shared services will use ReadSoft’s PROCESS DIRECTOR for Accounts Payable solution to streamline their invoice processing in SAP. They have opted for further functionality with MOBILE APPROVAL – for invoice approval via mobile phones, and REPORTER to help improve end-to-end reporting. By automating its invoice processing seamlessly within SAP, the shared services center looks forward to reduced overheads for supplier service, better end-to-end visibility, as well as maximized efficiency with mobile capabilities. “We are delighted to be making an impact in the African market and notably in the government shared services sector. We strongly believe that our solutions continue to stand out as the leading option for SAP users. It is also exciting to see this company choosing to maximize their time and cost reductions by selecting the MOBILE APPROVAL and COLLECTOR add-ons,” says Per Åkerberg, President and CEO of ReadSoft. 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 8, 2012 at 14:00 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 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.
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