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ReadSoft North America and Taulia Demonstrate Dynamic Discounting Payables Solution at Sapphire 2010


SAP users can generate substantial savings with intelligent accounts payable scheduling.

Orlando, FL, May 19, 2010 --(PR.com)-- ReadSoft North America, a global document automation provider, and its dynamic discounting solution partner, Taulia will showcase the financial advantages of their joint solution during the upcoming SAP ASUG/SAPPHIRE conference in Orlando, Florida (booth # 3221). As a ReadSoft Alliance Partner, Taulia will join ReadSoft in highlighting how its dynamic discounting product suite integrates into ReadSoft’s INVOICE COCKPIT, the company’s industry-leading SAP Accounts Payable solution.

“With a firm belief in the positive effects of dynamic discounting, we have worked with Taulia to successfully position its solution with ReadSoft’s SAP customers in North America,” said Bob Fresneda, President of ReadSoft North America. “We are pleased to include Taulia in this year’s conference experience as we demonstrate the benefits to this valuable extension to our payables platform.”

ReadSoft and Taulia’s integrated solution provides corporations with the opportunity for early 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 – all delivered in coordination with ReadSoft’s industry-leading SAP Accounts Payable solutions. ReadSoft and Taulia have delivered dramatic ROI and money savings to customers by providing this early discount capability.

“We are excited to take part in this year’s ASUG/SAPPHIRE Conference with ReadSoft as we showcase the value our joint solution delivers,” said Bertram Meyer, CEO of Taulia. “The addition of dynamic discounting to payables automation delivers new savings through more streamlined processing.”

About Taulia:

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 specializes in dynamic discounting and self-service vendor portals, which combined improve supplier relations and generate significant value for your AP department and company as a whole.

Headquartered in San Francisco, California, with a second office in Berlin, Germany, Taulia brings to the table a deep understanding of buyer-supplier processes and leading SAP expertise. As a certified SAP Partner, Taulia builds solutions that fully exploit your SAP system’s potential, rather than bypassing SAP and creating redundant functionality. For more information please visit www.taulia.com.

About ReadSoft:

ReadSoft is the global leader in the development and sales of a complete product platform for Document Process Automation. With thousands of customers on a global basis, ReadSoft supports customers and partners in North America with offices in 7 locations, including the corporate headquarters in New Orleans, LA.

Established in 1991, ReadSoft was first to bring free form technology for invoice processing to market and first to achieve certifications to enterprise resource planning systems such as SAP and Oracle. ReadSoft has become the global technology leader, with operations in 16 countries and partners in an additional 70. We are proud to have the largest and most innovative development department in the industry, with professional services to assist customers and partners on a global basis. ReadSoft’s vision is to free businesses everywhere from manual document handling. For more information please visit www.readsoft.com.

This press release contains forward-looking statements within the meaning of the federal Private Securities Litigation Reform Act of 1995. Statements contained herein that are not statements of historical fact may be deemed to be forward-looking information. Without limiting the foregoing, references to future growth or expansion are forward-looking, and words such as "anticipates," "believes," "could," "estimate," "expect," "intend," "may," "might," "should," "will," and "would" and other forms of these words or similar words are intended to identify forward-looking information. You should read statements that contain these words carefully because they discuss our future expectations contain projections of our future results of operations or of our financial position or state other forward-looking information. There may be events in the future that we are not able to predict or control accurately, and any forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially. These risks and uncertainties include: (i) the ability to recruit and retain qualified technical and other personnel in a highly competitive market, (ii) market acceptance of our new and future products, (iii) the growth and adoption rate of Windows NT and Windows 2000, (iv) growing competition and (v) our ability to maintain and manage our growth. For additional information regarding risk factors that could affect our future results, please refer to the discussions of "Risk Factors" in our Form 10-Q for the quarter ended June 30, 2000, filed with the SEC on August 8, 2000, and our Form S-1/A Registration Statement Amendment filed on March 9, 2000.

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Contact Information
ReadSoft
Emily Gelpi, Marketing Communications Specialist
504.841.3205
Contact
www.readsoft.com

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