ReadSoft Signs $715,000 International Deal

December 31, 2008: In what is the latest of a string of significant international deals, ReadSoft has announced that it has signed a €350,000 ($715,000) deal with a major oil and gas group to automate its invoice processing and increase efficiency.

The agreement covers will see the firm processing hundreds of thousands of invoices annually while improving tracking of supplier invoices and accounts payable processes.

ReadSoft says that its solution will automatically capture information from incoming invoices and match this information against purchase orders in the customer's SAP system, and that the group is also an early adopter of its REPORTER technology which will provide immediate online statistics on the invoice processing.

“We are very happy about this deal,” said Jan Andersson, President and CEO of ReadSoft. “Not only is it yet another proof of our leadership when it comes to invoice processing into SAP, it is also a very important reference for our new REPORTER software which we have high hopes for.”

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