Press release

The French branch of the world-leading electronics manufacturer , Bosch Electronique SA has decided to implement the software INVOICES from ReadSoft. ReadSoft's technology will automate the accounts payable process at Bosch's accounts department in Normandy, France.

The German Company Bosch is a worldwide name in a large number of areas - electrical and electronic automotive technology, power tools and household appliances are some examples. Bosch's french branch has decided to use automatic invoice processing to cut costs and improve business processes. Their supplier invoices will be scanned and the required data will be extracted and transferred further into Bosch's accounts system for instant matching against order data. After the automatic validation has been successfully carried out, an electronic copy of the invoice will be archived to facilitate access in the future.

Mrs. Guesdon, Director of the Accounts Department of Bosch Electronique SA comments on the reason for choosing INVOICES: "We chose INVOICES because it's the only system on the market which processes line items as well the multi-pages invoices. The solution is simple to use, cutting edge and completely meets our business requirements. In addition to the profits of increased productivity, INVOICES allows us to be in line with the wishes of our staff, by relieving them of the tedious manual keying" says Mrs. Guesdon.

What is INVOICES?
The software 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.

For more information, please contact:
ReadSoft AB
Jan Andersson, MD ReadSoft
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. We are proud to have the largest and most innovative development department in the industry, with professional services to match. For more information please visit www.readsoft.com

25 february, 2003

Bosch turns to ReadSoft to optimize business processes

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25 february, 2003 Bosch turns to ReadSoft to optimize business processes The French branch of the world-leading electronics manufacturer , Bosch Electronique SA has decided to implement the software INVOICES from ReadSoft. ReadSoft's technology will automate the accounts payable process at Bosch's accounts department in Normandy, France. The German Company Bosch is a worldwide name in a large number of areas - electrical and electronic automotive technology, power tools and household appliances are some examples. Bosch's french branch has decided to use automatic invoice processing to cut costs and improve business processes. Their supplier invoices will be scanned and the required data will be extracted and transferred further into Bosch's accounts system for instant matching against order data. After the automatic validation has been successfully carried out, an electronic copy of the invoice will be archived to facilitate access in the future. Mrs. Guesdon, Director of the Accounts Department of Bosch Electronique SA comments on the reason for choosing INVOICES: "We chose INVOICES because it's the only system on the market which processes line items as well the multi-pages invoices. The solution is simple to use, cutting edge and completely meets our business requirements. In addition to the profits of increased productivity, INVOICES allows us to be in line with the wishes of our staff, by relieving them of the tedious manual keying" says Mrs. Guesdon. What is INVOICES? The software 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. For more information, please contact: ReadSoft AB Jan Andersson, MD ReadSoft 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. We are proud to have the largest and most innovative development department in the industry, with professional services to match. For more information please visit www.readsoft.com

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