ReadSoft signs US$1,000,000 global deal with world-leadin...

ReadSoft signs US$1,000,000 global deal with world-leading technology company

ReadSoft has received an order worth approximately US$1,000,000 from a U.S- based Fortune 500 company within the technology sector. The solution from ReadSoft will automate and optimize the processing of supplier invoices and also integrate with the installed SAP system. The agreement covers the processing of millions of invoices annually throughout the company's shared services centers in Europe and the U.S. The deal was closed in December 2008 and implementation will start during the first half of 2009.

Due to competitive markets and a confidentially agreement, ReadSoft is not granted permission to mention the name of this $100 billion company. With operations in over 170 countries worldwide, this corporation offers a wide range of products and services including digital photography, digital entertainment, computing and home printing.

The overall goals for this customer were to purchase technology that could handle both paper and electronic invoices and start the move away from paper toward more electronic means when it comes to document processing. After a thorough benchmark was conducted with the leading suppliers in the market, this company decided to partner with ReadSoft. The software's proven stability with thousands of users all over the world, its effective integration into SAP and the solution's user friendliness were the main reasons for choosing ReadSoft. The solution from ReadSoft offers a significant business value, thus allowing the customer to make better use of its employees, ensure higher quality information and improve security.

"The investment that high tech companies are willing to make to automate the capture and flow of financial documents inside of SAP is of considerable importance to the future direction of ReadSoft," said Jan Andersson, President and CEO of ReadSoft. "This deal also manifests our leading position within the SAP segment and is a clear statement that our products fit the technology direction of high-tech companies today and in the future."

The release in pdf