ReadSoft signs Fortune 500 energy services company as latest SAP
vendor invoice automation customer
(Thomson Reuters ONE) - A North American Fortune 500 energy services company has selectedReadSoft's SAP-certified invoice processing solution to automate itsprocure-to-pay process. The order includes the processing of morethan 175,000 invoices annually and is worth approximately $600,000USD.Due to a confidentiality agreement, ReadSoft is not at liberty todisclose the name of this Fortune 500 company. With 2008 revenue ofmore than $10 billion USD, the company develops energy infrastructureand provides related products and services to millions of consumersworldwide.The company sought a technology solution that would allow the companyto operate an efficient and cost-effective procure-to-pay process.After thorough evaluation of several solutions, ReadSoft wasannounced as the selected vendor based on a number of criteria.ReadSoft's knowledge and experience in the accounts payableautomation market and its tight integration into SAP were stated asmeeting the company's requirements best.With ReadSoft's SAP-certified solution, the company will leverage itsinvestments already made in the SAP system, while achievingsignificant cost savings through reduced handling time and enhancedcontrol over the complete procure-to-pay process. Incoming invoiceswill be automatically processed in the existing SAP system,eliminating inefficient paper handling and manual processes such asdata entry, data verification, and manual distribution of invoices orother related documents."Large multinational companies are one of our focus areas, and oursolutions are well suited for handling the extensive requirements ofsuch organizations, "says Jan Andersson, CEO at ReadSoft. "We arealso very pleased that our customers have chosen to give priority tosuch a major investment in our technology despite the current marketconditions."For additional information, please contact:ReadSoftABJan Andersson, CEO, ReadSoftPhone: +46 708 37 6600About ReadSoftReadSoft is a leading global provider of software solutions forDocument Automation. ReadSoft's software enables companies toautomate document processes such as data entry, classification, ERPmatching, workflows, e-invoicing etc. The results are faster and lessexpensive document processing, and increased control. ReadSoft is byfar the world's number one choice for invoice automation solutions.Since the start in 1991, ReadSoft has grown to a worldwide group withoperations in 16 countries on five continents and a network of localand global partners. The head office is located in Helsingborg,Sweden, and the ReadSoft share is traded on the Nasdaq OMX NordicExchange Small Cap list. For more information about ReadSoft, pleasevisit www.readsoft.com.http://hugin.info/130119/R/1354935/328694.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 13.11.2009 - 14:09 Uhr
Sprache: Deutsch
News-ID 8373
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