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• Demand for document, invoice and HR automation drives first quarter success
• New and existing customers extend investment in ReadSoft products

May 31st, 2011 – In the first quarter of 2011, organisations across the private and public sector have engaged ReadSoft in more than 2.6m EUR worth of new projects. From world-leading BPO-organisations, major conglomerates, government departments, to service bureaus and manufacturers, organisations are recognising the value of investing in products and systems from ReadSoft, a global provider of document automation software.

ReadSoft, and its sales partners, are delivering a range of new process automation solutions to these customers which include:

• Industry invoice and document automation processes to dramatically reduce costs
• SAP® integrated centralisation and optimisation of Human Resource processes in shared service centre environments
• SAP®-certified invoice automation to process hundreds of thousands of paper and electronic per year
• Implementation of enterprise capture for automated medical document processing

These projects will have global reach, delivering new automated services capabilities throughout Europe, the USA and Asia, in some cases provisioned through data centres based in the UK.

Simon Shorthose, Managing Director, ReadSoft said: “It’s been a stunning first quarter and confirmation that ReadSoft has the products, partnerships and expertise to deliver against the needs of organisations with global reach. From a company traditionally best known for invoice processing, we have expanded our offerings to encompass a more varied range of document automation processes, a strategy that is reflected in these most recent business wins.”

About ReadSoft

ReadSoft is a leading global provider of software solutions for Document Process Automation. ReadSoft’s software enables companies to automate document processes such as accounts payable processing, document capture, document sorting, and order to cash. ReadSoft is by far the world’s number one choice for automated invoice processing. Since the start in 1991, ReadSoft has grown to a worldwide group with operations in 16 countries on five continents and a network of local and global partners. The head office is located in Helsingborg, Sweden, and the ReadSoft share is traded on the NASDAQ OMX Nordic Exchange Small Cap list. For more information about ReadSoft, please visit

Media contacts:

Gary Marshall
XL Communications
Tel: + 44 (0) 7733 224654

This press release was distributed by ResponseSource Press Release Wire on behalf of XL Communications in the following categories: Business & Finance, Computing & Telecoms, for more information visit