ReadSoft automates invoice processing at Spanish insurance company

Santalucía is one of the major players in the insurance sector in
Spain. They have now decided to automate their invoice handling in
order to improve processes within their SAP® system. To achieve this,
they have chosen ReadSoft DOCUMENTS for Invoices to process the
40,000 invoices they receive every year.

With a €921 million turnover, Santalucía is the biggest insurance
company in Spain within the areas Life, Family Care, and Home
Insurance. Each year, Santalucía protects and insures more than 7
million people. For a company of Santalucía's size, it is crucial to
be able to process supplier invoices in an efficient way.
Consequently, they started to look for a solution which could
automatically process their incoming invoices inside their SAP®
system."It was a long process. We were comparing solutions for several
months to be sure that we got the strongest and most complete
solution on the market. Finally, we chose ReadSoft's Invoices
business solution for SAP®. It guaranteed a seamless integration with
our ERP system together with high-quality professional services,"
says José Abellán Collado, Finance Area Manager at Santalucía.

Until now, the Finance Department at Santalucía processed all their
paper invoices manually. This was very time-consuming and prevented
staff from doing more valuable tasks. From now on, this process will
be quicker and more efficient. Paper invoices will be scanned and
ReadSoft's INVOICES product will capture the data automatically.
INVOICE COCKPIT will integrate the captured information into
Santalucía's SAP system and WEB CYCLE will create a workflow for
automatic approval of invoices. Thus, the manual tasks will be
reduced to a minimum and the whole process will be carried out with
better control and accuracy."This is a very important project for us on the Spanish market.
Santalucía is one of the most important companies in the insurance
sector in Spain and their decision to choose us strengthens our
position as the leading supplier of invoice automation software for
SAP®," says Jan Andersson, President and CEO of ReadSoft.

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 ---------------------------------------
ReadSoft
AB
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 offices in 16 countries 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