ReadSoft closes INVOICES deal with global construction material provider

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ReadSoft closes INVOICES deal with global construction material provider The French company Lafarge Plâtres has chosen to invest in electronic invoice processing technology from ReadSoft. Lafarge Plâtres is a subsidiary of the Lafarge Group, a major provider of construction material on the global market. The decision to use INVOICES was taken when seeing the substantial business benefits made possible by the software. At Lafarge's headquarters in Avignon, automated handling of supplier invoices will reduce the processing time and improve information flow. Lafarge Plâtres has 1,500 employees spread over 15 industrial sites in France. The core business is to manufacture construction material for indoor environments. Confronted with the need to improve accounts payable processes, Lafarge took interest in ReadSoft's electronic invoices processing technology. Soon after the initial contact, the financial department decided that the most rational step would be to dematerialize paper invoices and facilitate an efficient and timesaving electronic workflow. INVOICES will be delivered with an electronic approval system and will be integrated with Lafarge's IBM AS 400 system. "We particularly appreciate the user-friendliness of the workflow functionality that allows an electronic approval of invoices. This application provides us with a competitive edge and our users are delighted due to easy usage and full-fledged control of the invoices flow," says François Mercier, Account Director at Lafarge Plâtres. Today, Lafarge Plâtres processes invoices from over 5000 suppliers. After the first installation, Lafarge Plâtres plans to accelerate the usage of INVOICES by implementing the software in other business units. "We are proud that a subsidiary of one of the biggest French industrial groups has selected INVOICES. Lafarge is represented in over 75 countries and the group is constantly hunting for methods to improve business efficiency. Naturally we aim to extend sales into this group of companies, says Jan Andersson President and CEO at ReadSoft. What is INVOICES? ReadSoft INVOICES is designed to recognize unstructured invoice documents and capture data such as sender, invoice number and invoice amount from anywhere on the invoice. At the same time, the software checks the data against information in the customer's business system. ------------------------------------------------ For more information, please contact --------------------------------------- ReadSoft AB Jan Andersson, President/CEO Pho: +46-(0)708 - 37 66 00 Olof Engvall, Vice President, PR & Communication Pho: +46-(0)708 - 37 66 70 E-mail: olof.engvall@readsoft.com About ReadSoft ReadSoft' is the world's leading supplier of software for document automation and associated information processing. The company develops and markets a broad range of products based on our own products FORMS, INVOICES and EZ-OUT, and supplementary systems developed for them. Since its founding in 1991, ReadSoft has developed into a global group with 11 subsidiaries in Europe, North and South America and Australia, and a large number of local and global partners. ReadSoft is headquartered in Helsingborg, Sweden, and its primary R&D facility is in Stockholm. ReadSoft has been listed on the Stockholm stock exchange, since 1999. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/01/27/20040127BIT20060/wkr0001.pdf

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