STOCKHOLM, Sweden, June 5, 2003 (PRIMEZONE) -- ReadSoft: State Super Financial Services (SSFS), one of Australia's leading financial planning and fund management organizations, has turned to ReadSoft to automate their document processing. This is another success story for ReadSoft in the Australian Finance & Banking Sector. Last year, a prestigious agreement was signed with another leading international financial services provider AMP. The SSFS deal is worth approximately 150,000 USD.
The SSFS contract strengthens ReadSoft's position as the supplier of choice in the Australian Finance & Banking sector. SSFS is a principal member of the Financial Planning Association of Australia, the country's major professional organization for the financial planning industry. When deciding to further improve business processes for their clients, SSFS decided to leverage on the latest technology in the automatic document capture business. Their search led them to ReadSoft's award- winning products and after an extensive evaluation process, the software FORMS was the preferred choice. ReadSoft's ability to deliver a problem- free, seamless integration with the client's content management system was yet another important factor in winning the contract.
Andrew Griffin, Manager of Registry Services at SSFS commented on the reason for choosing ReadSoft, "After an extensive evaluation of the document capture software on the market, ReadSoft turned out to be the best choice for various reasons. Apart from their technology delivering improved efficiency, accuracy and control we discovered that the ReadSoft people were professional, knowledgeable and helpful. We will now use the FORMS technology for all kinds of documents, including application forms for multiple financial products. This new technology positions SSFS in the forefront of organizations using value-adding technology. So far, ReadSoft has lived up to all of our expectations," finished Andrew Griffin.
What is FORMS?
FORMS offer organizations substantial savings, increased productivity and improved data quality. FORMS reads handwritten text, machine-print, barcodes, check boxes, circles, tables, matrixes, and even complete addresses. Among other benefits, automatic forms processing is much faster than manual keying of information, offering a quick return on investment.
About State Super Financial Services. State Super Financial Services is one of Australia's leading financial planning and fund management organizations with more than $3.5 billion in funds under advisement and more than 29,000 clients. State Super Financial Services employs some 250 staff in thirteen offices, including more than 90 financial planners.
For more information, please contact:
ReadSoft AB
Jan Andersson, MD ReadSoft Pho: +46-(0)708 - 37 66 00 Olof Engvall, Head of Information 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. The ReadSoft Group employed 261 people at year-end. ReadSoft has been listed on the Stockholm stock exchange, since 1999.
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