2008-06-05

ReadSoft signs another major deal worth $820,000 USD with large U.S. corporation

Only a week after the closing of one of ReadSoft's largest deals ever, the company wins yet another major SAP accounts payable automation project on the very competitive North American market. This time, a U.S. based company within paperboard packaging solutions has decided to invest $820,000 USD in ReadSoft's solution. The implementation will be made at the company's facilities in the U.S., and the roll-out of the solution is planned to start during the summer of 2008.

This leading provider of paperboard packaging solutions employs some 7,700 people and reported sales of $2.4 billion in 2007. The company holds a leading market position, and its customers include some of the most widely recognized companies in the world.

With the goal of making accounts payable processes more efficient, this world-leading company decided to try ReadSoft's solution after a thorough benchmark with the leading suppliers in the market. The software's proven stability and ReadSoft's effective integration into SAP were the main reasons for choosing ReadSoft. The solution offers a significant business value, allowing the customer to make better use of its employees, ensure higher-quality information, and improve security. ReadSoft's SAP solution including the products INVOICE COCKPIT, WEB CYCLE, ANALYZER and INVOICES will now be used to process over one million invoices annually.

"The ReadSoft document process automation solutions residing in SAP have proven to be extremely well positioned for the U.S. market," says ReadSoft's President and CEO Jan Andersson. "With the wins we've made during the last 12 months, ReadSoft is making itself known as the number 1 solution within the SAP segment in North America."

Information about the company: TNGSTN Automation Sweden AB