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Taulia Inc.

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ReadSoft and Taulia Partner to Market Leading Dynamic Discounting Solution


Clients benefit from reduced annual spend through a dramatic increase in early payment discounts.

San Francisco, CA, March 16, 2010 --(PR.com)-- Taulia and ReadSoft today announced a partnership that creates a unique new end-to-end offering combining Taulia’s leading dynamic discounting platform with ReadSoft’s Invoice Cockpit, the leading global AP automation solution for SAP clients.

“Our clients have been demanding solutions for dynamic discounting and early payment discounts and we are thrilled to deliver what they need,” explains Bob Fresneda, President of ReadSoft Inc. “The alliance with Taulia just makes good business sense: their leading-edge solution can tightly integrate with ReadSoft’s and business-wise is natural extension to our offering that brings additional savings potential to our clients. We are now actively marketing Taulia’s Invoicement Suite to new and existing SAP clients, especially in North America.”

With Taulia Invoicement℠ Suite major corporations can offer their suppliers earlier payment of approved invoices against additional discounts – risk-free and without additional manual effort. The discounts are typically calculated on a sliding scale – the earlier the payment the higher the discounts. As a result, suppliers receive their payments quicker while large buyers receive attractive early payment discounts on a much larger portion of their annual spend.

“We are thrilled to launch a partnership with ReadSoft. As the leader in AP automation, ReadSoft’s solutions are already the #1 choice for organizations wanting to improve productivity. Now, with the addition of Taulia’s solutions buyer-supplier collaboration can be streamlined even further and entirely new savings can be realized on top of optimizing the financial supply chain. Interestingly, everyone in Taulia’s management has already worked many years successfully in tight collaboration with ReadSoft, such that we have strong reasons to be confident this partnership will yield exceptional benefits for our customers,” said Bertram Meyer, CEO of Taulia.

Both ReadSoft and Taulia are SAP partners and are currently exhibiting at the SAP Financials 2010 in Orlando, where they are showcasing the integrated solution.

About ReadSoft
ReadSoft is a leading global provider of software solutions for Document Automation. ReadSoft's software enables companies to automate document processes such as data entry, classification, ERP matching, workflows, e-invoicing etc. The results are faster and less expensive document processing, and increased control. ReadSoft is by far the world's number one choice for invoice automation solutions. 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 www.readsoft.com.

About Taulia Inc.
Taulia is a business solution provider specializing in solutions for dynamic discounting, supply chain finance and vendor portals. Taulia’s mission is to develop simple and straightforward solutions that help SAP customers fully realize the financial potential hidden within their supply chain.

Taulia brings to the table a deep understanding of buyer-supplier processes and leading SAP expertise - its SAP certified solutions fully exploit the SAP system’s potential, rather than bypassing SAP and creating redundant functionality.

Taulia is headquartered in San Francisco, with a second office in Berlin.
Please visit www.taulia.com for more information.

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Contact Information
Taulia Inc.
Bertram Meyer
415 376 8280
Contact
www.taulia.com

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