Australian HCF expands use of ReadSoft solutions to a total value of EUR 300,000

The Hospitals Contribution Fund (HCF) - an Australian private health
insurance company - has previously automated the handling of
membership applications with ReadSoft software. They will now expand
their use of Document Automation solutions by automating the
processing of medical claims and invoices. "We're planning for
expansion over the coming years and have realized that imaging and
automating our document handling gives us the control needed for
further growth", comments Patrick Shearman, General Manager of
Information Management at HCF. The value of the latest agreement is
more than EUR 150,000, and the total value of the HCF solutions is
now EUR 300,000.

The agreements with HCF follow a thorough evaluation and legal
process that was conducted during 2005 and 2006, when HCF compared
the solution from ReadSoft to others on the market. Since July 2006
ReadSoft DOCUMENTS for Forms has been an integral part of the
membership application services that HCF provides to its 975,000
members."Our experience with ReadSoft DOCUMENTS for Forms trigged us to look
into other areas where we handle large amounts of documents,"
Shearman says. "Since we handle large volumes of medical claims per
year (which are growing annually) it seemed a natural step to scale
up our ReadSoft infrastructure to handle those as well. This is why
we now have decided to invest in ReadSoft DOCUMENTS for Invoices."

HCF provides private health insurance cover for hospital treatment,
as well as a wide range of ancillary health and related services
including dental, eye care and ambulance transport services. The HCF
Group consists of HCF and HCF Life. As a whole, the Group provides
health cover for 975,000 Australians with 356,300 members also having
HCF Life insurance policies. The turnover for 2006 was AUD 880.5
million with some 871 employees.


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.

ReadSoft DOCUMENTS for Forms
The forms processing software offers organizations substantial
savings, increased productivity and improved data quality. The
software reads handwritten text, machine-print, barcodes, check
boxes, circles, tables, matrixes etc. Among other benefits, automatic
forms processing is much faster than manual keying of information,
offering a quick return on investment.

For additional information, contact
Jan Andersson, CEO
Phone: SE +46708376600
Jonna Opitz, Vice President Corporate
Communications
Phone: SE +46733378668
jonna.opitz@readsoft.com

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. The ReadSoft share is traded on the Nordic
Stock Exchange Small Cap list.
Find out more about the company at www.readsoft.com