ReadSoft

ReadSoft

Infobox_Company
company_name = ReadSoft
company_
company_type = Public (OMX Stockholm: [http://www.readsoft.com/corporate/corporate_online_stockquote_hugin.htm] )
company_slogan = Document Automation Powering Business Efficiency
foundation = flagicon|Sweden Helsingborg, SWE (1991)
location_city = Helsingborg, Sweden
location_country = SWE
key_people = Jan Andersson, CEO
Göran E Larsson, Chairman
Jan Bertilsson, CFO Lars Appelstål, CTO
num_employees = 666 (May 2008)
products = Business solutions:
ReadSoft DOCUMENTS for Forms
ReadSoft DOCUMENTS for Invoices
ReadSoft DOCUMENTS for Mailrooms
ReadSoft DOCUMENTS for EDI
ReadSoft INVOICE COCKPIT
ReadSoft WEB CYCLE
ReadSoft INFOMAIL
ReadSoft EDI COCKPIT
ReadSoft WEB BOARD
ReadSoft ANALYZER
ReadSoft PROCESS DIRECTOR
revenue = profitSEK 459.8 million (2006)
operating_income = profit SEK 33.7 million (2006)
net_income = profit SEK 38.8 million (2006)
homepage = [http://www.readsoft.com/ www.readsoft.com]

ReadSoft is a Swedish software company, established in 1991, that develops software for Document Automation and process optimization, including document and data capture, integration with ERP (such as from SAP AG or Oracle Corporation) and subsequent workflow. ReadSoft operates in 16 countries within Europe, North America, South America, Asia and Australia. Globally headquartered in Sweden, ReadSoft is listed on the Stockholm Stock Exchange.

ReadSoft Document Automation involves data extraction (optical character recognition) from paper and electronic documents, integration with company ERP systems (such as SAP, Oracle, Microsoft Dynamics) and routing to company agents for approvals & problem resolution via workflow. ReadSoft brands this software platform as ReadSoft DOCUMENTS. ReadSoft maintains SAP and Oracle competency/development centers which provide integrated solutions for companies with SAP or Oracle, respectively. Customers include global enterprises, as well as local companies. Market analyst firm Harvey Spencer Associates reports ReadSoft with a 16% market share. [ "The Worldwide Market for Document Capture Software 2005 – 2009", Harvey Spencer Associates, 1, May 2006.]

Timeline and History

1991: Introducing automatic data capture, including handwriting
1994: Introducing new technical innovations such as Fast Verify, Batch Handling, and the ability to handle multiple languages
1997: Introducing a self-tutoring technology for handling invoices, with auto-templates and auto-recognition
2000: Introducing the ability to handle and make use of color in documents
2000: Introducing a unified process for all media, including email, fax, web, and paper
2001: Introducing a certified integration to SAP R/3
2002: Introducing EDI, with electronic interchange of invoices via email
2003: Introducing mobile data capture through a digital pen
2004: Introducing the first complete product platform for Document Automation
2005: Introducing the first certified integration to Oracle E-Business Suite
2006: Acquisition of German SAP specialist Ebydos AG - introduction of SAP development center
2006: Acquisition of Danish Consit Development, an Oracle specialist - introduction of Oracle development center
[ " [http://www.readsoft.com/corporate/history.htm] ", Timeline and History, 2, 2007.]

References


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