ReadSoft dematerializes invoices for French telecom company


SFR, a French supplier of telephone services, have chosen ReadSoft
DOCUMENTS for Invoices to automate the handling of the 200,000
invoices they receive every year. The solution will be integrated
with a business system from SAP and create a highly automated"Purchase To Pay" flow. This will make SFR able to process invoices
faster and more cost-efficiently than before.

The project, which was initiated by the Administrative and Financial
Management Department, will centralize accounts payable activities
and allow for more efficient handling of SFR's 200,000 annual
invoices."By coupling this project with that of e-procurement (SAP), we will
automate our whole Purchase To Pay procedure - from the electronic
order to the electronic invoice", says François Nguyen, Directeur MOA
Finance-Purchases and responsible for the SAP Competence Center.

The ReadSoft solution, ReadSoft DOCUMENTS for Invoices, includes the
following software products:

  * INVOICES to automatically extract information from incoming
    invoices.
  * INVOICE COCKPIT, which is a control center for the incoming
    invoices in SAP.
  * WEB CYCLE, which is an electronic workflow.
  * ANALYZER - a tool for reporting and analysis."We chose ReadSoft for their high quality of data capture and for
their tight integration to the SAP environment," François Nguyen
explains.

This project will make SFR able to improve their internal processes
and make better use of the accountant's know-how. The information
flow will become simpler, faster and completely traceable. Suppliers
will get paid faster which will improve relations with suppliers."It has been important for us to comply with the internal audit rules
of the Group and fulfill the requirements of the Sarbanes Oxley Act,"
adds François Nguyen.

After a successful pilot carried out at the beginning of year, and
positive reactions from the accountants and users, SFR foresees a
large-scale deployment during the spring of 2007.


ReadSoft DOCUMENTS for Invoices
More than ten years of experience with electronic invoice processing
has produced the most powerful, and by far the most popular (2,000
clients), system on the market. ReadSoft DOCUMENTS for Invoices is a
highly profitable investment for just about any business. Fully
implemented, electronic invoice processing lowers costs by 25-50%.
Meanwhile, the invoicing process speeds up and employees can devote
more time to tasks that take advantage of their individual skills.
ReadSoft DOCUMENTS for Invoices captures, reads and classifies all
incoming formats, whether paper or electronic. The solution, which is
customised for simple linkage to leading international enterprise
systems, is certified for both SAP and Oracle.

For additional information, contact
Jan Andersson, CEO
Phone: +46  708376600
Jonna Opitz, Vice President Corporate Communications

Phone: +46  733378668
jonna.opitz@readsoft.com

ReadSoft is a world-leading supplier of software for document
automation. The company develops and markets a complete software
platform for document automation under the name of ReadSoft
DOCUMENTS. The vision is to release businesses around the world from
handling documents manually. Since starting in 1991, ReadSoft has
grown to a worldwide Group with eleven subsidiaries in Europe, North
America, South America and Australia, as well as a large number of
local and global partners. The head office is in Helsingborg, Sweden,
which - along with Stockholm - also houses the Group's main research
and development unit. The ReadSoft share is traded on the Nordic
Stock Exchange Small Cap list.

Find out more about the company at www.readsoft.com

Attachments

The release in pdf