Tesco, UK's largest food retailer, chooses ReadSoft

Tesco, UK's largest food retailer, chooses ReadSoft ReadSoft has won an order to automate the handling of supplier delivery notes at Tesco, Britain's largest food retailer. Eyes & Hands FORMS will read, interpret and verify information on 250,000 delivery notes each month. Up until now, the handling of supplier delivery notes from Tesco's 692 stores in the UK have been a massive manual process. From now on automatic data capture technology will reduce handling costs and improve data quality. When goods are delivered to Tesco, the store will produce a Tesco receipt note confirming the goods received. The supplier delivery note is then sent to Tesco's finance center in Cardiff, where Eyes & Hands FORMS will read, interpret and verify the relevant information. Previously, personnel at Tesco keyed in the information manually. " This order from Tesco is in many ways important for ReadSoft. Apart from it being a very large installation this is also the very first order within this segment in the UK. The food industry, with all its information sharing and advanced logistics calls for reduced handling costs, something we can offer. Tesco is a fine reference customer for ReadSoft, says Jan Andersson, MD. Tesco was founded in 1924 and continues to build on its strong UK base through major store openings and a concerted move into non-food markets. In the 1990s Tesco initiated an international expansion. With its worldwide presence, Tesco has 907 stores and employ 240,000 people globally. Martin Brown, finance services director of Tesco says: "Tesco is continually striving to find ways of working better for customers, simpler for staff and cheaper for the business. ReadSoft's technology will help streamline some of the processes in our finance center, helping us provide a better service to our internal customers. Once the benefits of the ReadSoft application are being realized in the processing of deliveries, we will be seeking opportunities to utilize it for other areas of the business. For more information, please contact: ReadSoft AB Jan Andersson, MD ReadSoft, Pho: +46-(0)708 - 37 66 00 Olof Engvall, Information Services Manager, Pho: +46-(0)708 - 37 66 70 E-mail: olof.engvall@readsoft.com www.readsoft.com ReadSoft is the market leader in the development and sales of software for automatic data capture, which is software that automatically registers and interprets data on forms and invoices in paper or electronic format. Since its establishment in 1991,ReadSoft has evolved into a global corporation with thirteen subsidiaries in Sweden, Norway, Denmark, Germany, France, Spain, Italy, The UK, The US, Mexico, Chile, Brazil and Australia. The annual growth, for the last five years, has been approximately 70%. In 2000 the turnover was 31 MUSD. In early May the Swedish business magazine Veckans Affärer awarded ReadSoft the title "IT-Company of the year 2001. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/09/06/20010906BIT00300/bit0001.doc http://www.waymaker.net/bitonline/2001/09/06/20010906BIT00300/bit0002.pdf