STOCKHOLM, Sweden, Jan. 7, 2003 (PRIMEZONE) -- ReadSoft, the leading innovator within automatic document processing, has won a contract to install the software INVOICES at Moorepay, a major provider of payroll processing services in the U.K. The order value is US $200,000.
Moorepay is an outsource service provider, processing over 7000 payrolls at offices throughout the U.K. Moorepay thoroughly evaluated the market in search of a software that could assist them in automating their invoice processing for their national clients.
Moorepay decided on ReadSoft's INVOICES solution for a number of different reasons. Moorepay's Sales Director John Mellor explained: "It was important for our company to have a product that delivered self-learning techniques and utilized the latest technology in recognizing thousands of different suppliers to have a truly economical and fast production system.
We take pride in providing professional and reliable services to our client base. Investing in ReadSoft's technology will further ensure that the best methods are being used to deliver a very competitive service offering," concluded Mellor.
Jan Andersson, CEO at ReadSoft commented: "ReadSoft has many years' experience in supplying solutions to the service industry worldwide. We understand their problems and have the technology they need to meet the high service levels required by their clients. I am delighted that Moorepay have recognized these qualities within ReadSoft and have chosen our company as a partner in the U.K.
About INVOICES
ReadSoft's INVOICES is designed to recognize unstructured invoice documents and capture data such as sender, invoice number and invoice amount from anywhere on the invoice. At the same time, the software checks the data against information in the customer's business system. INVOICES is the easiest and fastest path to invoices dematerialization and the associated benefits: automatic validation against orders, faster reports, concurrent access to the documents, automated workflow, digital archiving.
For more information:
ReadSoft AB Moorepay Ltd Jan Andersson, MD ReadSoft webpage www.moorepay.co.uk Pho: +46-(0)708 - 37 66 00 Olof Engvall, Head of Information Pho: +46-(0)708 - 37 66 70 E-mail: olof.engvall@readsoft.com
ReadSoft business is based on the concept of e-capture, comprising capture, interpretation, verification, validation, and transfer of all types of information from e-mail, web, fax, and paper, with a minimum of operator intervention. Established in 1991, ReadSoft, first with free form technology for invoices and color document processing, has become the global technology leader, with subsidiaries in 12 countries and partners in an additional 70. They are proud to have the largest and most innovative development department in the industry, with professional services to match. For more information visit www.readsoft.com
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