September 26, 2016 8:40 AM ET

Software

Company Overview of ReadSoft AB

Company Overview

ReadSoft AB provides software solutions for document process automation worldwide. The company offers invoice processing software, which automates the processes of scanning, interpreting, and filing of invoice data; forms processing software that automatically extracts information from forms and transfer it to the systems; and document capture and archiving software that scans, classifies, and indexes the documents and prepares them for entry into document archiving system. It also offers mailroom automation solution, which manages document inflow; census processing software that captures the data, extracts the information, and interchanges it with business systems; and e-invoicing solution ...

Södra Kyrkogatan 4

Helsingborg,  252 23

Sweden

Founded in 1991

634 Employees

Phone:

46 4 24 90 21 00

Fax:

46 4 24 90 21 20

Key Executives for ReadSoft AB

Chief Executive Officer and President
Age: 50
Chief Financial Officer
Age: 59
Chief Operating Officer
Age: 49
Vice President of Business Development and President of ReadSoft Oy at Finland
Age: 69
President of ReadSoft Pty Ltd at Australia
Compensation as of Fiscal Year 2016.

ReadSoft AB Key Developments

ReadSoft To Be Deleted From Other OTC

ReadSoft AB ordinary shares will be deleted from Other OTC, effective May 10, 2016. The deletion was due to inactive security.

Beckoffice signs deal to offer ReadSoft Online to its clients

ReadSoft announced that it has secured a contract to supply Beckoffice Ltd, an independent accounts management service, with ReadSoft Online. Beckoffice will now integrate this solution with its Sage50 package. Beckoffice provides a wide range of services, from general bookkeeping to cash flow management, to more than 50 clients. The company processes up to 20,000 invoices per year for its clients, who currently receive 70% of invoices in paper format and 30% through email. As a result of this latest agreement and the simple scalability of ReadSoft Online, Beckoffice can now completely automate the processing of both paper and electronic client invoices. Invoices received by post can now be scanned and information automatically extracted and stored, along with data from digital invoices, for easy retrieval and improved control and visibility over their business.

ReadSoft Partners with Border Merchant Systems

ReadSoft has partnered with Border Merchant Systems to offer Cloud-based accounts payable automation to the UK's builders' merchants. Border's CounterAct software helps merchants effectively manage every aspect of their business. It is used by builders', plumbers', roofing and timber merchants throughout the UK. CounterAct is highly customisable and has an extensive range of features built-in as standard, including point of sale trading, accounts, stock control, price book management, special customer terms, purchasing, quotations, CRM and delivery scheduling. The new partnership enables Border's customers to benefit from seamless integration of Cloud-based accounts payable functionality into the CounterAct software solution. By fully integrating ReadSoft Online into CounterAct, users have the option to bring their back office processes and automation online, transforming the collection, storage and management of paper and electronic documents. ReadSoft will provide Border Merchant Systems with market leading technology in Intelligent Character Recognition (ICR) for supplier invoices, delivering highly accurate, automatic indexing of documents for easy retrieval. Self-learning capabilities and ease of setup and use guarantee a consistently excellent customer experience.

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