Invoice Processing: French IT-Retailer Changes To Electronic Invoice Processing From ReadSoft

ReadSoft has received an order from a large French IT-retailer. The company, who has been using another Document Automation software for some time, now changes to ReadSoft DOCUMENTS for Invoices primarily because of its proven integration to SAP. The solution from ReadSoft, which also includes an electronic workflow and archive, will be installed at a newly established shared service center in France. The order is worth approximately EUR 355,000.

This new French customer, who wishes to be anonymous at this time, is a retail company that sells IT products and domestic appliances to IT-stores all around France. The company operates primarily on the French market and generated sales of approximately EUR 2.4 billion in 2005.

After making an overall analysis, the company selected ReadSoft as their vendor of choice for two main reasons. The software's proven stability and ReadSoft's effective integration into SAP. Being a company at the forefront of technology, this IT-retailer is constantly looking for performance enhancements and process improvements. ReadSoft's solution offers significant business value, allowing the company to make better use of its employees, ensure higher-quality information and improve security.

"Shared service centres generate huge savings when using Document Automation technologies like ReadSoft's," says Jan Andersson, CEO at ReadSoft. "We are very happy that this customer has switched to a ReadSoft system and hope to make them even more efficient."

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.

About ReadSoft
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. ReadSoft is quoted on the Nordic Stock Exchange Small Cap list. Find out more at www.readsoft.com.