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ReadSoft signs €500,000 agreement with large telecom company in Europe

Wednesday 24. June 2009 - ReadSoft has received an order worth approximately €500,000 from one of the world's largest telecom operators. The solution from ReadSoft will automate and optimize supplier invoice processing and will also integrate with the customer's Oracle E-Business Suite system. The agreement initially covers the processing of over half a million invoices annually.

Maintaining a leading position requires the implementation of the latest technologies on the market which is why this company invested in a capture solution already a few years ago. But with new technologies and new demands they needed an even more efficient process and an integrated solution which suited their Oracle E-Business Suite system.

After a thorough benchmark of the available systems on the market this leading company decided to invest in ReadSoft’s solution. This was found to offer significant business value by allowing customers to make better use of employees, ensuring higher-quality information and improving security.

“We are happy to add yet another global company to our list of references within the Oracle area,” says ReadSoft CEO Jan Andersson. “Since our solution is 100% integrated with Oracle E-Business Suite, customers are given the ability to automatically verify information about vendors, orders, and goods received against Oracle. I’m certain that choosing our solution over one of our competitors will make this company even more efficient and thereby successful.”