SchlumbergerSema InfoData Expands Their Use of ReadSoft's INVOICES Product


STOCKHOLM, Sweden, Dec. 19, 2002 (PRIMEZONE) -- SchlumbergerSema InfoData has decided to increase their use of ReadSoft's software in order to expand their automatic invoices processing offering. A growing business volume is the reason for the upgrade.

SchlumbergerSema InfoData is a branch within the SchlumbergerSema Group, a leading IT-services provider with activities in 65 countries. ReadSoft's software will facilitate EDI and scanning for InfoData's service bureau activities in Sweden. INVOICES has already assisted InfoData for several years. The software helps to achieve a cost-effective and automated flow of large quantities of supplier invoices.

"InfoData is an important and successful customer for us. Naturally, it is very rewarding to receive their continued trust now that our solutions can help them to grow their business volumes further," said Jan Andersson MD at ReadSoft.

What is 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, fast reports, concurrent access to the documents, automated workflow and digital archiving.

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

SchlumbergerSema InfoData
Sture Jonstad, Fors.chef
Tel: 070-542 92 46
E-mail: sture.jonstad@infodata.sema.se

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 visit www.readsoft.com.

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