ReadSoft Selected by National Semiconductor to Achieve Best-in-Class SAP Accounts Payable Processes

Market Wire, February, 2008

ReadSoft has been selected as the vendor of choice by National Semiconductor Corporation in its quest to increase the efficiency of its accounts payable (AP) department and align with best-in-class AP practices. National, a global leader in analog technology, creates high-performance, energy-efficient integrated circuits.

"We needed to improve our current AP processes by adapting a strong, automated, workflow-driven solution that would integrate with our SAP financial systems. So, a year and a half ago, we began researching other companies' best-in-class financial processes," said Robert Ashe, Assistant Corporate Controller of National Semiconductor. "We wanted to decrease our cost per invoice and improve our invoice input cycle times and workflows."

National evaluated several vendors' products to help it achieve these goals. Selection considerations included return on investment, product functionality, vendor stability, and the solution's ability to integrate with National's SAP system. According to Ashe, ReadSoft separated itself from the competition with its SAP knowledge, experience and worldwide presence.

After the first implementation at National's corporate headquarters in Silicon Valley in the United States, the company will implement the technology at its offices in the United Kingdom, China and Malaysia as well as other worldwide locations.

"ReadSoft's SAP solution specialists are in great demand as companies like National Semiconductor understand the value of achieving best-in-class accounts payable operations," said Bob Fresneda, President of ReadSoft North America. "We are excited to play a part in assisting this Fortune 1000 company in strengthening their AP efficiency, cycle time, control and visibility."

About ReadSoft:

ReadSoft is the global leader in the development and sales of a complete product platform for Document 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 subsidiaries in 14 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 .

For more information, please contact: Alayne Pregeant Marketing Manager, ReadSoft 504.841.0119 Email Contact Bob Fresneda President, ReadSoft 504.841.0111 Email Contact