Schneider Electric chooses ReadSoft's invoice processing solutions for SAP

Schneider Electric in the Pacific Zone has decided to implement
ReadSoft's invoice processing solutions for SAP to improve its
invoice process efficiency. The agreement covers the processing of
approximately 210,000 invoices annually at its Shared Services
Division in Adelaide, Australia.

Schneider Electric is a global specialist in energy management with
operations in more than 100 countries worldwide. It offers integrated
solutions across multiple industries, including electrical utilities,
water and waste treatment plants, public sector, oil and gas, marine,
as well as a broad presence in residential applications."The most important motivating factor for this investment is process
improvement in accounts payable," says Tom Schoepf, Finance Manager,
at Schneider Electric Pacific Zone. "As the Schneider Electric group
is implementing SAP, choosing a solution closely integrated with SAP
was an important deciding factor. We looked at several providers but
ReadSoft met our criteria. Moreover, the scanning and OCR
functionalities provided by ReadSoft look superior to what we have
seen elsewhere."

The agreement signed in Australia fits well with the Schneider
Electric global "Bridge Project". Worldwide the project is a major
business transformation program which aims to globalise and
standardise business processes in Schneider Electric within a Global
Core System of which SAP is a part of. The SAP accredited ReadSoft
solution will support the centralisation and standardisation of
accounts payable processes into best practice."The implementation of ReadSoft, together with the other initiatives
Schneider is undertaking in the Pacific Zone, will create an
efficient and uniform process in accounts payable. Also, it will add
a much needed audit trail and electronic archiving," says Tom
Schoepf.



For additional information please contact
ReadSoft
AB
Jonna Opitz, Vice President, Corporate
Communications
Phone: +46 733 - 37 86 68
jonna.opitz@readsoft.com

About ReadSoft
ReadSoft is a leading global provider of software solutions for
Document Automation. ReadSoft's software enables companies to
automate document processes such as data entry, classification, ERP
matching, workflows, e-invoicing etc. The results are faster and less
expensive document processing, and increased control. ReadSoft is by
far the world's number one choice for invoice automation solutions.
Specialized solution labs for SAP, Oracle, Microsoft and Capture
processes ensure cutting edge solutions with great customer value.
Since the start in 1991, ReadSoft has grown to a worldwide group with
operations in 16 countries on five continents and a network of local
and global partners. The head office is located in Helsingborg,
Sweden and the ReadSoft share is traded on the Nasdaq OMX Nordic
Exchange Small Cap list. For more information about ReadSoft, please
visit www.readsoft.com.