Milton Keynes, UK, March 12th, 2012
ReadSoft, a global provider of software for back office process automation, has achieved Oracle Platinum Partner status in the UK. ReadSoft has validated and approved products for customers at the highest level of integration with Oracle to secure this unique status in the data automation field.
ReadSoft’s compliance with the Oracle architecture and direction match has been recognised by Oracle with this platinum partner status. ReadSoft PROCESSIT is fully interactive and can utilise existing Oracle E-Business infrastructure, security and approvals workflows. The software captures, interprets, and comprehends information from incoming invoices automatically. Once data has been captured, it is matched and verified against purchase orders in Oracle E-Business Suite ready for payment.
PROCESSIT is unique in its use of Oracle technology in its construction, fully supported on Oracle 11i and R12 E-Business Suite environments; it enables ease of validation and readiness for Oracle’s ExaStack environments. Other systems are less functionally rich, and introduce duplication as data is input into Oracle resulting in slower transactions and more errors.
Simon Shorthose, Managing Director, ReadSoft UK, commented: “This platinum partner status is only awarded to organisations and products that achieve the stringent quality and compliance required by Oracle. ReadSoft secured this accolade by displaying sustainable and measurable business benefits, speeding up invoice processing and providing better control of financial flow for both our and Oracle’s customers.”
ReadSoft's Oracle solution is based on standard Oracle E-Business Suite components controlled by the Oracle workflow. Operating as an integral part of the system, all data is kept within Oracle E-Business Suite, ensuring users can reap all the benefits of ReadSoft automation while working within the familiar Oracle environment.
For more on ReadSoft visit www.readsoft.co.uk
Notes for Editors
ReadSoft’s PROCESSIT Oracle Fusion Middleware based AP Automation product is Database, WebLogic, and Linux Ready and approved by the Oracle PartnerNetwork (OPN).
ReadSoft PROCESSIT Version 7.2 has been fully tested and is supported on Oracle Database 11g Release 2, Oracle WebLogic 11g Release 1, Oracle Linux 5.5 or 6.x, Oracle Virtual Machine and Oracle Solaris 11.
For additional information, please contact:
Tel. +44 (0)77 3322 4654
ReadSoft is the largest global provider of software and services to businesses that want to better control and improve back office and administrative processes. ReadSoft’s products enable companies to automate data entry, classification, ERP matching, workflows and e-invoicing. Results achieved by using Readsoft’s automation are improved productivity and compliance, and reduced cost and time. Founded in 1991 Readsoft has operations on five continents. The company is headquartered in Helsingborg, Sweden and trades on the NASDAQ OMX – Stockholm’s Small Cap List. For more information about ReadSoft, please visit www.readsoft.co.uk
As follows of this press release, ReadSoft’s counterparty in the transaction or co-operation is not mentioned by name. This is due to that ReadSoft’s counterparty has required to be anonymous. This information is such that ReadSoft AB (publ) is to publish in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on March 12th 2012 at 10.30 CET.
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