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ReadSoft Wins SAP SAPPHIRE Award

ReadSoft has been recognized with the ERP Executive Best of SAPPHIRE NOW Award at the SAPPHIRE NOW event in Orlando, USA. ReadSoft was recognized for excellence in the category “Best Green Initiatives.”

New Orleans, LA, June 05, 2010 --( As ReadSoft’s software helps companies to automate their document processes in order to improve efficiency and cut costs, it simultaneously saves trees and helps reduce CO2 emissions through significant reductions in paper usage. By reducing the average number of copies per invoice, ReadSoft’s software ultimately spares the world of 1.4 billion paper copies every year. Painting AP departments green with eco-friendly solutions, ReadSoft digitizes invoices as customers utilize its e-invoicing solutions to send invoices in PDF, XML, adding another 700 million paper copies to the equation.

Amit Bendov, Editor of ERP Executive says, “This award is meant to recognize innovation that enables organizations to directly reduce environmental impact and improve efficiency. We are pleased to acknowledge ReadSoft for their accomplishments.”

"We are honored to be recognized by ERP Executive magazine for our solutions’ instrumental impact on the environment,” stated Bob Fresneda, President of ReadSoft North America. “Aligning our customers’ AP and environmental goals is a rewarding ability that we take pride in as our solutions deliver dramatic savings in the AP department and also help the environment.”

“We are very grateful to receive this acknowledgment as the award showcases our solutions’ positive contribution to the environment,” commented Jan Andersson, President and CEO of ReadSoft. “Our solutions generate great value for our customers by streamlining their organizations to improve efficiency and reduce costs, while also helping our customers become more environmentally friendly.”

About ERP Executive:

ERP Executive is a source of practical information and tools for IT Directors, Application Managers, and other IT professionals responsible for maintaining SAP® systems in the enterprise. The publication provides SAP managers with useful information that can be applied to their day-to-day professional lives. ERP Executive is sponsored by Panaya Inc. Panaya’s Software-as-a-Service solutions enable companies that use SAP to save up to 50% of their application lifecycle costs and minimize the risks associated with upgrades and support package implementations.

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


For more information, please contact:

Alayne Pregeant, Marketing Manager, ReadSoft. 504.841.0119

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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Emily Gelpi, Marketing Communications Specialist

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