ReadSoft Wins "Best of AIIM"; INVOICES Technology Praised


STOCKHOLM, Sweden, March 27, 2002 (PRIMEZONE) -- For the fifth time, ReadSoft has received "Best of AIIM" from the American magazine, Transform.

The award recognizes the most innovative products at the annual, world-leading document management exhibition AIIM. This time, ReadSoft's INVOICES technology is praised for its forward-thinking, SAP integration, and e-mail and Web functionality.

Transform, concludes that there are now several free-form data capture systems that capture fields from forms of various designs, but ReadSoft has been at it longer than anyone. The jury recognizes that ReadSoft has improved on last year's "Best of AIIM" with three significant Option Packs: "The Integration Option Pack provides an SAP-certified interface to the mySAP.com e-business platform. The Web Invoices Option Pack lets companies create Web-fillable invoices that suppliers can adopt as an alternative to paper. Similarly, the e-mail Option Pack lets suppliers submit invoices as email attachments in .PDF, .XML or other formats. INVOICES can then read the invoice data more reliably without OCR errors and costly manual data entry."

Transforms also highlights the fact that ReadSoft is not just addressing the paper problem, but also helps companies move their transactions to more efficient electronic approaches.

Jan Andersson, MD at ReadSoft, commented: "INVOICES is a really strong product line with outstanding market possibilities and we continually develop the concept. The latest additions with functionality for email and Web invoices is ground breaking and the Integration Option Pack for SAP opens up an enormous marketplace. At AIIM we where able to show the advancements our technology has made and the award confirms our strong position as the market leader, driving innovation in this area."

The AIIM show, this year held in San Francisco, is recognized as the most important event in Document handling and imaging. This was the eighth time ReadSoft exhibited at AIIM.

Please read more about the award on Transform's Website: Initial Transform press release: www.transformmag.com/transform_pr/20020326.shtml

Full text on the winners: www.transformmag.com/db_area/archs/2002/04/tfm0204f3.shtml

For more information please visit 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 electronic or paper format. Since its establishment in 1991, ReadSoft has evolved into a global corporation with twelve subsidiaries in Sweden, Norway, Denmark, Germany, France, Spain, the U.K., the U.S., Mexico, Chile, Brazil and Australia. In 2001 the turnover was U.S. $29 M, and the Swedish business magazine Veckans Affarer awarded ReadSoft the title "IT Company of the Year 2001."

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