ReadSoft to Debut Latest Release of PROCESS DIRECTOR at SAPPHIRE NOW/ASUG 2014

HELSINGBORG, Sweden--()--Regulatory News:

ReadSoft (STO:RSOFB), a leading global provider of SAP business process applications, offers SAP users a first opportunity to achieve groundbreaking consolidation and unification of SAP systems, enhanced accessibility through a mobile ReadSoft app, and the competitive advantage of a value-added supplier portal with the release of PROCESS DIRECTOR 7.3 at the SAPPHIRE NOW/ASUG Annual Conference at the Orange County Convention Center in Orlando, Florida, USA, June 3-5, 2014.

ReadSoft PROCESS DIRECTOR is certified by SAP for HANA and is the most widely implemented Accounts Payable (AP) automation solution for SAP. It works inside SAP and provides a start-to-finish business solution for automated invoice approval, customer order processing, delivery note handling, journal entry handling, and more. Key benefits and capabilities of the latest solution release include:

· Remarkable consolidation: SAP users can now process all invoices from a single point of entry, regardless of the number of SAP backend systems in use. There is no need to log on to different systems as all invoice processing steps, including check, post, attachment display, and start workflow can be handled from a central worklist.

· Instant mobile access: New ReadSoft mobile app allows users to perform workflow activities on an iPhone, Android, Windows or Blackberry device. Review and approve incoming invoices, manage exception handling and workflow routing, and use a device camera to upload and attach images—anytime, anywhere.

· New supplier portal: SAP organizations can reduce supplier inquiries and improve supplier relations with this new offering, which suppliers use to flip purchase orders to invoices, add notes and attachments enter invoices directly into the system, and check invoice status at any time.

Conference attendees interested in optimizing their SAP business processes through automation are encouraged to view the functionality of the new PROCESS DIRECTOR 7.3 at the ReadSoft booth (#265). Additionally, ReadSoft will team up with its customer, Sappi Fine Paper, in a unique, intimate microforum discussion to give a first-hand account of how Sappi holistically expanded upon its AP automation implementation by automating sales order and delivery note processing with ReadSoft. SAP customers who would like to learn the benefits of extending automation beyond AP can join the discussion, “Think Big: How Process Automation Spans Multiple Business Lines at Sappi Fine Paper,” on Wednesday, June 4, from 9:00-9:45 AM at the Line of Business Campus.

“PROCESS DIRECTOR 7.3 is a robust solution release and exciting step forward in our long-standing partnership with the SAP community,” said Björn Karlsson, ReadSoft Executive Vice President, Product Management and Senior Vice President, Labs. “By standardizing these value-added offerings inside of our signature SAP solution, we have answered our customers and the market. The enhanced flexibility and scalability of the solution helps SAP customers reduce costs and improve service to their clients, both inside and outside of their companies.”

Per Åkerberg, President and CEO of ReadSoft, said, “We are confident that with PROCESS DIRECTOR 7.3 we have the best value proposition in our industry for SAP customers and are eager to share this latest release among the esteemed SAPPHIRE/ASUG community. More customers streamline AP automation using ReadSoft than any other technology, and now they can use the same proven solution to achieve an even stronger ROI on their SAP investments.” This is information of the type that ReadSoft AB (publ) is obligated to disclose in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on May 20, 2014 at 13:00 CET.

About ReadSoft. ReadSoft simplifies business for organizations of all sizes with applications for business processes such as accounts payable automation, accounts receivable, sales order processing, and multichannel mailroom automation. Its on-premises and cloud document process automation solutions enable some of the world’s largest corporations as well as small and medium businesses to compete and thrive in today’s environment by improving customer and supplier satisfaction, increasing operating efficiency, and providing greater visibility into business processes. ReadSoft is the world’s number one choice for invoice processing automation, and its applications integrate seamlessly with ERP systems from SAP, Oracle, Microsoft, as well as with many other business systems. Since 1991, the company has grown into a worldwide group, delivering industry expertise and support in 17 countries on six continents through its local and global partner network. ReadSoft is headquartered in Helsingborg, Sweden, and its share is traded on the NASDAQ OMX Stockholm’s Small Cap list. Visit www.readsoft.com.

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Contacts

ReadSoft AB
Johan Holmqvist, Vice President Corporate Communications
Phone: +46 708 37 66 77
Email: johan.holmqvist@readsoft.com

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Contacts

ReadSoft AB
Johan Holmqvist, Vice President Corporate Communications
Phone: +46 708 37 66 77
Email: johan.holmqvist@readsoft.com