Wednesday, February 20, 2008


ReadSoft makes Malaysia its regional headquarters

KUALA LUMPUR – February 19th, 2008 – ReadSoft Asia, a Swedish based world leading supplier of software for document automation, today announced it has made Kuala Lumpur its Asia Regional Headquarters. The establishment of the regional headquarters is part of its global expansion plans to enhance its presence in Asia, a region the company expects to be a key contributor to its future growth for the document automation market.

The regional headquarters was officially opened by Her Excellency Mrs. Helena Sångeland, Ambassador of Sweden accompanied by Mr. KK Tung, Managing Director, ReadSoft Asia and Mr. Peter Horwing, Senior Vice President, Global Sales & Marketing, ReadSoft AB.

In her speech, Her Excellency expressed her happiness at ReadSoft’s move to open their regional office in Malaysia. “Readsoft is a proud example of Swedish innovation. Innovations such as this are one of the success factors of Sweden’s development into one of the most advanced nations in the world. ReadSoft is now expanding its operations and its decision to set up a regional office here in Kuala Lumpur shows Malaysia’s continued relevance for foreign companies who seek to enhance their presence in the dynamic region of Asia.”

“We have identified the growing need for Asian businesses in the field of digital documentation and organization. Many Asian companies are rising to international standards and finding ways of enhancing organizational efficiencies and streamlining office processes to stay lean. We can definitely help them in electronic document management and accounts payable in particular where we enable Straight Thru Processing. It is not unusual for us to see cost savings of more than 30% by our clients,” said Mr K.K. Tung.

He further explained that Malaysia was chosen as ReadSoft’s regional office in Asia as a result of the Government’s firm commitment to development of ICT, the country’s strong and literate multicultural workforce, excellent infrastructure and stable political and economical climate which augurs well for the company in the long term.

ReadSoft’s new office will serve the Asian region. Having served clients in the Asian region for the past 10 years the establishment of the regional office will facilitate faster response and services for ReadSoft’s growing client base as well as serve as a reference center for all ReadSoft’s Asian clients.

Within the Accounts Payable Automation area ReadSoft has more than ten years of experience and has produced the most powerful, and by far the most popular (3,500 installations), system on the market. ReadSoft DOCUMENTS for Invoices is customised for simple linkage to leading international enterprise systems. At the ultimate level of automation each invoice can be automatically interpreted, verified, validated, and posted direct to systems like SAP and ORACLE. The solution is certified by SAP and Oracle.

“Our solutions replace manual handling of all documents, automating the entire life cycle of the documents through to integration to any business process applications,” said Mr. Peter Horwing.

He added, “This frees organizations from non value added tasks to focus on where it is important, generating more business.” Solutions as provided by ReadSoft offer users the luxury of processing any document in any media, paper or otherwise. It has the feature of automated mailrooms providing technology to automatically sort and classify documents, intelligently route the contents as part of the business process workflow. As a result delivers the required information on a timely and efficient manner to the right audience.

By implementing document automation solutions, our customers also make an environmental contribution by using less paper.

Since its inception in 1991, ReadSoft has grown to a worldwide group with operations in 16 countries and 5,000 customers worldwide. The company is also listed on the Stockholm Exchange since June 1999.

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