Leading power transmission company in Spain chooses ReadSoft solutions to optimize invoice processing

Red Eléctrica is the leading power transmission company in Spain and
is responsible for managing the technical aspects of the Spanish
electricity system. The company owns most of the Spanish high-voltage
transmission grid and is the only company in Spain which specialises
in the transmission of electrical energy. Red Eléctrica was the first
company in the world devoted exclusively to electricity transmission
and operation. Having always been a pioneer, it remains a leader in
this field.

Maintaining a leading position requires the implementation of the
latest technologies on the market, in order to optimize processes and
increase productivity. With this in mind, Red Eléctrica de España,
with the help of Indra, started searching for solutions to automate
its invoice processing. Manually processing invoices and other
related documents was consuming too much time and too many resources.

In the end, Indra recommended ReadSoft DOCUMENTS for Invoices for a
variety reasons, including its ability to digitize invoices, its
image handling, data recognition, extraction and validation
abilities, and its ability to transfer everything to their SAP®
system. The ReadSoft solution also offered unique advantages such as
the digitization of any other countable document and integration with
SAP® documents, as well as very intuitive and easy-to-use software
for SAP® integration. Specific benefits of the solution is the
ability to get rid of the manual processing of the documents, the
time saved, the quick access to information, and more efficient
processes."For us, it is an honour to have a company such as REE among our
customers. REE is not only the leading company in its field, but it's
one of the biggest and most important companies in Spain. This
agreement reinforces our position in Spain as the leading supplier of
invoice automation within SAP."-  says Jan Andersson, 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, ReadSoft

Phone: +46 708 - 37 66 00
Jonna Opitz, Vic President, Corporate
Communications
Phone: +46 733 - 37 86 68
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 15 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 ReadSoft at www.readsoft.com