Green Mountain Power implements ReadSoft s solution for Oracle E-Business Suite

Electric utility company Green Mountain Power serves 92,000 customers
in Vermont and is now in production with ReadSoft's Oracle-certified
accounts payable automation solution. The company is committed to
continuously improve its environmental performance, and so was
attracted to a business solution that will reduce paper and provide a
more electronic procedure."We chose  ReadSoft because  they are  a one-stop  shop," stated  Jan
Ferro, Green  Mountain  Power's  Purchasing  Manager.  "There  is  no
middleware with ReadSoft; their  imaging and workflow components  are
certified by Oracle to run inside Oracle. There is a definite ease of
use with this product as all screens look just like Oracle screens we
are familiar with. There was a comfort level from day one by our team
with the ReadSoft solution."

Jan Ferro was the  driving force behind the  purchase of the  imaging
and workflow  automation software.   Ferro  was first  introduced  to
ReadSoft at the Oracle  OpenWorld conference in  October 2006. "As  I
watched a demo over someone's shoulder at OpenWorld," said Ferro,  "I
was amazed at how  similar it looked to  the distributions screen  in
the purchasing  module  we are  familiar  with in  Oracle  E-Business
Suite. I was ready to buy right there!"

The  company  went  into  production  as  scheduled  with  ReadSoft's
assistance in their 55-day implementation.   According to Ferro,  the
company  is  planning  to  take  payment  discounts  they  were   not
previously taking  advantage of,  as well  as reduce  the phone  time
spent on vendor complaints.  In addition, the  majority of their  top
vendors now send PDFs,  rather than paper  invoices, thus saving  the
amount of paper being used."Since ReadSoft  DOCUMENTS for  Invoices  business solution  is  100%
integrated  with  Oracle  E-Business  Suite,  customers  like   Green
Mountain  Power  are  given  the  ability  to  automatically   verify
information  about  vendors,  orders,  and  goods  received   against
Oracle," said Jan Andersson, President and CEO of ReadSoft.  "We  are
pleased to work  with Green  Mountain Power as  the company  realizes
these benefits and strives to lower overall invoice processing  costs
and provide a 'green' environment."

About Green Mountain Power:
Green Mountain  Power  (www.greenmountainpower.biz)  is  an  electric
utility  owned  by  Northern   New  England  Energy  Corporation,   a
wholly-owned subsidiary of Gaz Métro, a leading Québec energy company
with a long history  of investment in  Vermont. Green Mountain  Power
transmits, distributes and sells electricity and utility construction
services in  the  State  of  Vermont  in  a  service  territory  with
approximately  one  quarter  of   Vermont's  population.  It   serves
approximately 92,000 customers.

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 enterprisesystems, is certified for both SAP and Oracle.

For additional information, contact
ReadSoft
AB
Jan Andersson, CEO
Phone: +46 708 - 37 66 00
Jonna Opitz, Vice President Corporate
Communications
Phone: +46 733 - 37 86 68
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 offices in 16 countries 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