ReadSoft — Invoice and AP Automation Software

ReadSoft, now part of Tungsten Automation, is a Swedish-founded document automation provider specializing in invoice processing and accounts payable automation.

Readsoft

What is ReadSoft: Document Processing Platform Overview

ReadSoft, founded in 1991 by two university students in Linköping, Sweden, developed automated document processing solutions for financial operations. After acquisition by Lexmark in 2014 and integration with Kofax ReadSoft in 2017, the company rebranded to Tungsten Automation in 2024.

In 2026, ReadSoft solutions continue operating under the Tungsten brand with AP Essentials (formerly ReadSoft Online) positioned as the "world's most used cloud-based solution for invoice management" by partner Fältmans. However, a Research.com review rated Tungsten ReadSoft Invoices 3.15/5 stars, highlighting an outdated user interface and inconsistent OCR accuracy with non-standard invoices, suggesting potential vulnerability to AI-native competitors.

Alex Lindsey, Senior Solution Architect at RPI Consultants, describes the ReadSoft platform's capabilities: "ReadSoft Online is a cloud-based subscription service that is to be used for automating your invoice processing. It has an advanced OCR engine to extract...invoice data off of your invoice documents, validate that against your host accounting system, and then push that invoice record into your accounting system to be paid."

ReadSoft addresses enterprise invoice processing through both cloud and on-premise deployment options, with PEPPOL compliance and European e-invoicing exchange connectivity targeting regulatory requirements.

How ReadSoft Processes Documents

ReadSoft combines advanced OCR with machine learning for header and line-item extraction, with real-time ERP validation against SAP, Oracle, and Microsoft Dynamics systems. The platform offers dual deployment through cloud-based AP Essentials and on-premise ReadSoft INVOICES options.

The system features PEPPOL integration for complete e-invoicing exchange with European connectivity, alongside role-based workflow automation with approval routing and comprehensive audit trails. Multi-channel capture processes documents from email, scan, EDI, and supplier portals, while three-way matching provides automated validation against purchase orders and receipts.

ReadSoft Use Cases

Accounts Payable Automation

Finance departments automate invoice processing by capturing documents from multiple channels. ReadSoft extracts vendor information, invoice numbers, line items, tax amounts, and payment terms, with real-time validation against ERP master data and automated routing through approval workflows.

European E-Invoicing Compliance

Organizations leverage Invoice Portal's PEPPOL connections covering most of Europe with interconnection to Scandinavian exchanges for regulatory compliance and automated invoice exchange with trading partners.

ReadSoft Pricing and Technical Specifications

Feature	Specification
Deployment Options	Cloud (AP Essentials), on-premises (ReadSoft INVOICES)
Recognition Technology	Advanced OCR with machine learning
ERP Integrations	SAP, Oracle, Microsoft Dynamics with real-time validation
Compliance	PEPPOL, multi-currency processing
Workflow Capabilities	Role-based automation with audit trails
Document Support	All invoice formats including e-invoices, PDF, paper

ReadSoft Competitors

ReadSoft competes against AI-native platforms like ABBYY and Rossum in the intelligent document processing market. Unlike cloud-only competitors, ReadSoft maintains both cloud and on-premise deployment options, positioning against established players like Tungsten Automation and Hyland in regulated industries requiring hybrid infrastructure.