ReadSoft Shows how to Save Money on Electronic Invoice Handling


STOCKHOLM, Sweden, April 15, 2003 (PRIMEZONE) -- ReadSoft will be giving the full picture on electronic invoice handling. During a busy day in Kista, Stockholm, the latest innovations within the field will be presented. Together with eight major players on the market, ReadSoft will explain the business benefits of handling invoices electronically and clarify the substantial savings made possible by the technology.

After launching INVOICES in 1998, ReadSoft today has some 500 customers all over the world. Electronic invoice handling is now a hot topic for all companies seeking to increase efficiency and lower costs. Few areas can point at such a substantial cost savings and financial departments all over the world can testify about the benefits of the new way of working. Among the heavyweight users are: ABB, Pharmacia, IKEA, Porsche, BOSCH, DaimlerChrysler and more.

ReadSoft is now gathering the leading players on the invoice handling market to a full-day seminar which will further explain the possibilities of electronic invoice processing. During the seminar, attendants will be able to listen to customers' stories and compare the different system solutions available on the market.

Lars Thunqvist, MD of ReadSoft Sweden comments on the development of electronic invoice handling: "Five years ago we were pioneers, launching a solution for automatic invoice handling. Today it has become a necessity for all major companies, above all in Sweden and the rest of Scandinavia. Other countries are now opening their eyes to the technology and a giant market is opening up for the INVOICES product."

When and where?

April 29th at Kista Konferens & Utstallning, Kista Entre', Knarrarnasgatan 7, 9 a.m. to 6 p.m. Partners exhibiting: WM-data, Component Software, Palette Software & Consulting, BasWare, DigiDoc, TietoEnator, KIBI and Columna. For more information, visit www.readsoft.se or call +46 8 - 566 110 00.

What is INVOICES?

The software 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.

ReadSoft Sweden

Lars Thunqvist, MD ReadSoft Sweden +46 -(0)708 - 37 66 39 Pho: +46-(0)708 - 37 66 00 Olof Engvall, Head of Information ReadSoft Group Pho: +46-(0)708 - 37 66 70 E-mail: olof.engvall@readsoft.com

ReadSoft business is based on the concept of e-capture, comprising capture, interpretation, verification, validation, and transfer of all types of information from e-mail, web, fax, and paper, with a minimum of operator intervention. Established in 1991, ReadSoft, first with free form technology for invoices and color document processing, has become the global technology leader, with subsidiaries in 12 countries and partners in an additional 70. We are proud to have the largest and most innovative development department in the industry, with professional services to match. For more information visit www.readsoft.com

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