ReadSoft AB announced the release of PROCESS DIRECTOR 7.2 for the SAP -market, strengthening its leading position in Accounts Payable Automation for SAP and adding support for several new key business processes. Attendees at the SAPPHIRE NOW/ASUG Annual Conference have the exclusive opportunity to view the latest solution release at the Orange County Convention Center in Orlando, Florida, USA, on May 14-16, 2013. ReadSoft PROCESS DIRECTOR is the most widely implemented Accounts Payable (AP) Automation solution for SAP. It works inside SAP and provides a start-to-finish workflow for automated invoice approval, leveraging customers’ investment in SAP while reducing AP costs by up to 80%. With PROCESS DIRECTOR 7.2, the cost savings and error reduction benefits are now realized in several other common business processes. Routine financial postings that consume AP departments are automated, including adjustments, accruals and reversals, and recurring entries. Master data updates to both customer and vendor data are supported, a key for successful sales order processing. The customer order process itself is streamlined with improved checks and determinations, and built-in order processing reports are available for monitoring important KPI’s. PROCESS DIRECTOR 7.2 keeps a complete audit trail of the business process, supporting business compliance requirements such as Sarbanes-Oxley (SOX).

ReadSoft AB, Expert Systems Development Svenska AB - M&A Call

ReadSoft AB announced earnings results for the quarter ended March 31, 2013. The company reported that the sales for January-March increased with 4% to SEK 162.6 against SEK 156.9 million a year ago. License revenue for January-March increased with 15% to SEK 42.0 against SEK 36.5 million a year ago. Operating loss LBITDA for January-March was SEK 17.6 against SEK 11.7 million a year ago. Loss per share after tax for January-March was SEK 0.38 against SEK 0.27 a year ago. Cash-flow from operating activities for the period was SEK 30.4 against SEK 39.2 million a year ago.