STOCKHOLM, Sweden, June 24, 2003 (PRIMEZONE) -- One of the U.K.'s leading employment agencies, Options Employment Group Ltd, recently announced its decision to invest in ReadSoft's technology for automatic document processing. The FORMS software will accelerate the data capture process to improve internal information flow & authorization cycles for the National based recruitment group. The installation is carried out in collaboration with U.S. based software development company, Hyland Software and the full investment amounts to over 1 MUSD. A substantial part of the investment goes into ReadSoft's licenses and services.
Options Employment Group Ltd operates from a national network of 60 branches in 30 locations throughout England, Scotland and Wales. With such dispersed countrywide activity, speed and performance is vital when it comes to processing business critical documents. FORMS looks set to radically improve such systems by centralizing the timesheet process. ReadSoft interprets the data, which is then approved at local branch level, and the payroll is run centrally for the 60 branches nationwide. To further increase the efficiency of the program, the timesheet is attached to the invoice using the OnBase document management system, delivered by Hyland Software. The many targeted benefits by the customer are: reduced processing time, increased process speed from branch to billing, instant image retrieval, improved information flow & authorization cycle, elimination hardcopy storage space in offices, faster application processing, corporate branding/image etc.
"The deal that has been agreed with Options Employment Group Ltd proves we have built a strong position within the market for structured data capture. The return on investments is clear in an installation such as this one, and the customer intends to adopt other business processes into the system at a scheduled later date. Also, Options were named as the 16th fastest growing company in the UK by leading national newspaper, The Times in their annual company fast-track listing. We are happy to be their number one choice," said ReadSoft's MD Jan Andersson.
Finance Director John English with Options Employment comments on choosing ReadSoft's software: " Options Employment has experienced phenomenal growth over the last two years within a tough and rapidly changing market. We are determined to maintain our position within the market and to continue our growth and development in the future. ReadSoft and Hyland Software were chosen after an exhaustive selection process due to their ability to closely match our requirements with their well-established and proven products, namely FORMS and Onbase. This partnership will allow us to radically change our key business processes, improving both internal efficiencies and the service we provide to our clients."
- For more information, please contact:
ReadSoft AB Options Employment Group Ltd. Jan Andersson, MD ReadSoft John McNally,Chairman Pho: +46-(0)708 - 37 66 00 + 44 (0) 2088148999 Olof Engvall, Head of Information info@optionsemployment.com Pho: +46-(0)708 - 37 66 70 www.optionsemployment.com 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, a large number of local and global partners and 3500 customers. ReadSoft is headquartered in Helsingborg, Sweden, and its primary R&D facility is in Stockholm. ReadSoft is listed on the Stockholm stock exchange.
About Hyland Software
Hyland Software, Inc. develops OnBase, enterprise software that offers the full spectrum of integrated document management capabilities in a single, web-enabled application. More than 3,400 commercial organizations and government agencies throughout the world utilize OnBase to streamline operations, reduce costs and share information with employees, partners, and customers. Visit www.onbase.com for more information.
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