ReadSoft delivers invoice processing software to 3, a pioneer in third generation mobile communication

ReadSoft delivers invoice processing software to 3, a pioneer in third generation mobile communication Hi3G Access AB has chosen to invest in electronic invoice processing technology from ReadSoft. Following an intense market-launch on the Swedish market, the mobile operator 3 has successfully highlighted the third generation of mobile communications and services. Looking to increase efficiency, 3 will install ReadSoft's software INVOICES at the Stockholm head office. 3 is pioneering mobile video communications in Sweden and Denmark. Owned by Hutchison Whampoa and Investor AB in Scandinavia, 3 is a part of a world-leading provider of mobile video communications. After careful consideration, 3 decided to go with ReadSoft's INVOICES technology to turn paper invoices into digital information. The patented software has the ability to read and understand an unknown invoice just like a human being, without pre-configuration or prior learning. This technology enables substantial savings when handling supplier invoices and related accounts payable processes. At 3, the INVOICES software is integrated with a business system from Oracle. " We are very pleased to get this order from Hi3G. They are part of a growing market with major potential. Furthermore, this deal will serve as a valuable reference within the mobile telecommunication market and the Oracle sphere," says Jan Andersson, President and CEO at ReadSoft. ReadSoft's invoice processing solution 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. The company develops and markets a complete product platform for Document Automation named ReadSoft DOCUMENTS. The vision is to free businesses everywhere from manual document handling. 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/2004/03/16/20040316BIT20200/wkr0001.pdf