ReadSoft signs its first Oracle E- Business Suite On-Demand customer with Dinero Solutions

PRESS RELEASE Helsingborg, Sweden, March 11, 2010 ReadSoft signs its first Oracle E- Business Suite On-Demand customer with Dinero Solutions ReadSoft's Oracle-certified invoice processing solution is live at Convergent Resources, one of America’s five largest revenue cycle, receivables and customer care management companies. Convergent Resources is based in Atlanta, GA and is the first Oracle E-Business Suite On- Demand hosted customer in the United States to implement ReadSoft’s AP automation solution. In cooperation with Dinero Solutions, ReadSoft has fortified Convergent Resources with world-class technology to assist with the processing of over 15,000 invoices annually with minimal staff. After automating its accounts payable operations, Convergent Resources’ invoice data is no longer manually entered into Oracle for line item matching, which allows for better use of employees, higher- quality information, better data accuracy and improved security. As an easy-to-use solution that leverages standard Oracle processes and workflows, the solution delivers significant business value. "As a multi-entity holding company, we needed a system that could meet the various requirements of our individual units and still enforce standard processes in our configuration,” says Kevin Shiotelis, Controller at Convergent. “The ReadSoft and Dinero team were very responsive and diligent when it came to working with the hosted Oracle environment.” “Having worked with Convergent Resources since 2005 as well as being a certified Oracle On-Demand and ReadSoft partner, this project was a tremendous opportunity to deliver value to all parties,” says Chris Goeckel, CEO at Dinero Solutions. “Together we have instituted a strong solution that will drive profits directly to the bottom line at Convergent Resources.” “Chris and his team where very supportive partners to work with during the process of implementing our first Oracle E-Business Suite On-Demand customer in the U.S.,” comments Bob Fresneda, President of ReadSoft North America. “With the success of our collaboration, we were able to institute the solution within the framework of Oracle’s hosted E-Business Suite Application environment in Austin, Texas as well.” “We are very pleased to have signed and implemented our first Oracle E-Business Suite On-Demand customer in the US,” says Jan Andersson, President and CEO of ReadSoft. “The value that our solution generates for Convergent Resources clearly shows the benefit companies gain by using our products.” About Dinero Solutions: Dinero Solutions, headquartered in Duluth, Georgia is a recognized leader in the Southeast for providing innovative Oracle enterprise professional services to mid-market and Fortune 1,000 companies. Dinero Solutions has helped Utility, Technology, Financial Services, and Retail Companies in over 30 states within the US and 12 countries around the world implement individual modules or the full suite of Oracle Applications to build a competitive business advantage. Dinero Solutions is also a certified Oracle On Demand and ReadSoft solutions provider. For more information about Dinero visit www.dinerosolutions.com. For additional information, please contact ReadSoft AB Jan Andersson, CEO Phone: +46 708 37 66 00 Johan Holmqvist, Vice President, Corporate Communications Phone: +46 708 37 66 77 Email: johan.holmqvist@readsoft.com ReadSoft North America: Bob Fresneda, President ReadSoft North America Phone: +1 504 841 0111 Email: bob.fresneda@readsoft.com Alayne Pregeant, Marketing Manager, ReadSoft North America Phone: +1 504 841 0119 Email: alayne.pregeant@readsoft.com About ReadSoft ReadSoft is a leading global provider of software solutions for Document Automation. ReadSoft’s software enables companies to automate document processes such as data entry, classification, ERP matching, workflows, e-invoicing etc. The results are faster and less expensive document processing, and increased control. ReadSoft is by far the world’s number one choice for invoice automation solutions. Since the start in 1991, ReadSoft has grown to a worldwide group with operations in 16 countries on five continents and a network of local and global partners. The head office is located in Helsingborg, Sweden, and the ReadSoft share is traded on the NASDAQ OMX Nordic Exchange Small Cap list. For more information about ReadSoft, please visit www.readsoft.com.