June 13, 2006 - ReadSoft signs global agreement with Siemens

ReadSoft has signed a global agreement with Siemens AG, which makes ReadSoft the preferred supplier of solutions for electronic invoices processing into Siemens’ SAP Business System. It also stipulates commercial aspects for future international deals.

The agreement follows a thorough evaluation and legal process, where Siemens Germany compared the SAP-integrated solution from ReadSoft to others on the market. ReadSoft has already installed the SAP certified solution at a number of Siemens units, automating the processing of more than 3.5 million supplier invoices a year. ReadSoft and it's SAP partner Ebydos provides an electronic workflow and authorization system, fully integrated with the Siemens SAP R/3 Business System.

Apart from internal marketing of ReadSoft in the Siemens group, this agreement stipulates commercial terms and conditions, making the process of investing in the solution fast and easy.

“Siemens is a highly esteemed client of ours and this global agreement makes doing business with them more streamlined. After a fine track record with large Siemens clients in Germany we now look forward to repeating this success internationally,” says Jan Andersson, president of ReadSoft.

ReadSoft has already implemented Document Automation technology at twelve units in Germany and ten in the rest of the Siemens group. 

About Siemens

Siemens (Berlin and Munich) is a global powerhouse in electrical engineering and electronics. The company has 434,000 employees working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of services for individual requirements. Siemens provides innovative technologies and comprehensive know-how to benefit customers in 190 countries. Founded more than 150 years ago, the company is active in the areas of Information and Communications, Automation and Control, Power, Transportation, Medical, and Lighting.