News | March 31, 2011

ReadSoft And Medius Expand Global Partnership To North America

Medius Software, a company specializing in accounts payable automation and purchase-to-pay software solutions has teamed up with ReadSoft North America, a leading provider of global document process automation solutions, to provide a best-in-class solution offering to the North American SMB market.

Building on the success of the longstanding partnership in Scandinavia and across Northern Europe, ReadSoft and Medius are now helping customers in North America increase AP efficiency and performance from purchase to pay. With ReadSoft's advanced capture expertise and MediusFlow's powerful line-level matching engine and automatic role-based filtering capabilities, the joint solution enables SMB customers to quickly automate and optimize AP processes and lower the cost of processing invoices.

"This exciting alliance provides a best-in-class AP automation solution alternative to the SMB market with significant value," said Bob Fresneda, President of ReadSoft North America. "The marriage of our cutting edge capture and invoice automation solutions represents a powerful, cost-effective option for small to medium size businesses looking to optimize inefficient manual accounting routines."

"With numerous joint customers across Europe, including The Body Shop, Reebok Jofa and Astra Tech, we are happy to extend the bottom line benefits that our partnership has consistently delivered to end-users over the years," said Christer Berg, President of Medius Software. "The combination of MediusFlow and ReadSoft gives organizations unsurpassed visibility and control of their AP processes."

About Medius:
Medius offers best-in-class invoice automation and purchase-to-pay software solutions. Designed specifically to optimize accounts payable processes in any enterprise software environment, MediusFlow enables companies to fully automate AP practices, reduce processing costs, and improve overall efficiency and workflow quality from purchase to pay. To support a successful, rapid deployment of MediusFlow, Medius offers customers expert professional services and integration modules for a wide range of business systems, such as JD Edwards, Lawson, IFS, Microsoft Dynamics AX and NAV, and many others. More than 700 leading companies around the world rely on MediusFlow, including Reebok Jofa, Electrolux, and The Body Shop. For more information, visit www.medius-group.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, visit www.readsoft.com.

SOURCE: ReadSoft