If in Norway invests in ReadSofts latest solution for document handling

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The insurance company If in Norway, like it's fellow subsidiary in Finland, has chosen to invest in the product CLASSIFY, by ReadSoft, in order to automate the handling of 2.5 million documents annually. In addition to cost savings, the investment also gives the company the ability to provide even more efficient service to its customers.

Part of the Sampo Plc. finance group, If is Scandinavia's leading liability insurance company with approximately 3.6 million customers in Scandinavia and the Baltic states. The company has 6,900 employees and its gross revenue in 2008 was just over SEK 39 billion.


"Our aim with this investment is to be able to handle more damage claims without needing to increase our staff numbers," says Harald Thunem Manager for "Kontorsservice" at If in Norway. We have already had positive experience with ReadSoft's solutions and are confident that this investment will allow us to provide our customers with even better service."


For several years, If in Norway has been using automatic data capture for its electronic archive solutions, together with ReadSoft's solution for handling forms. Since the company receives a large amount of letters and other unstructured documents that accompany damage claims, interest in ReadSoft's new solution was strong. CLASSIFY, as the name suggests, makes it possible to classify all types of incoming documents and automatically capture data found on them. This information is then transferred to an electronic work flow or archive system.


"If is an important global reference for us because they have chosen to lie in the forefront and were ready to embrace new, more effective technology early on." says ReadSoft's CEO Jan Andersson. "Their choosing to invest in our latest technology should be seen as acknowledgement of the hard work we've done throughout Scandinavia in recent years."


ReadSoft plans to start implementation immediately and counts on the solution being up and running before the end of summer.



For additional information please contact:

ReadSoftAB

Jan Andersson, CEO, ReadSoft

Phone: +46 708 - 37 66 00

Jonna Opitz, Vice President, Corporate Communications

Phone: +46 733 - 37 86 68

jonna.opitz@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. Specialized solution labs for SAP, Oracle, Microsoft and Capture processes ensure cutting edge solutions with great customer value. 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.

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