French world leader in domestic equipment increase use of ReadSoft software

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ReadSoft has received an order from a French company with world leading brands within the area of domestic equipment. After using ReadSoft DOCUMENTS for Invoices for some time in parts of the organization , the company will now expand the solution to the entire group. The solution from ReadSoft, which includes an integration to the company's SAP-system as well as an electronic workflow and archive, will be installed at the company's global shared service center in France. The order is initially worth approximately EUR 330,000.

This French customer, who wishes to be anonymous at this time, is a world leader in small domestic equipment like cookware, pressure cookers, steam irons, kettles and toasters. The company operates worldwide and generated sales of approximately EUR 2.5 billion in 2005.

With the goal of making accounts payable processes more efficient, this world-leading company decided to try ReadSoft's solution. The experiences from using the ReadSoft software has been very positive, and thus the decision was made for a full-scale implementation. The software's proven stability and ReadSoft's effective integration into SAP, were the main reasons for the decision. ReadSoft's solution offers a significant business value, allowing the customer to make better use of its employees, ensure higher-quality information, and improve security.

"Shared service centres generate huge savings when using Document Automation technologies," says Jan Andersson, CEO at ReadSoft. "We are very happy that this customer, as well as many other major French companies, has chosen the ReadSoft solution. I'm certain that this will make them even more efficient."



ReadSoft DOCUMENTS for Invoices

More than ten years of experience with electronic invoice processing has produced the most powerful, and by far the most popular (2,000 clients), system on the market. ReadSoft DOCUMENTS for Invoices is a highly profitable investment for just about any business. Fully implemented, electronic invoice processing lowers costs by 25-50%. Meanwhile, the invoicing process speeds up and employees can devote more time to tasks that take advantage of their individual skills. ReadSoft DOCUMENTS for Invoices captures, reads and classifies all incoming formats, whether paper or electronic. The solution, which is customised for simple linkage to leading international enterprise systems, is certified for both SAP and Oracle.


For additional information, contact


ReadSoft AB

Jan Andersson, CEO

Phone:+46708376600

Jonna Opitz, Vice President Corporate Communications

Phone:+46733378668

jonna.opitz@readsoft.com


ReadSoftis a world-leading supplier of software for document automation. The company develops and markets a complete software platform for document automation under the name of ReadSoft DOCUMENTS. The vision is to release businesses around the world from handling documents manually. Since starting in 1991, ReadSoft has grown to a worldwide Group with eleven subsidiaries in Europe, North America, South America and Australia, as well as a large number of local and global partners. The head office is in Helsingborg, Sweden, which - along with Stockholm - also houses the Group's main research and development unit. The ReadSoft share is traded on the Nordic Stock Exchange Small Cap list.

Find out more about the company at www.readsoft.com

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