About ReadSoft: Who we are

ReadSoft helps companies automate their document flow

 

The effect?

Faster response times
Lower costs
Better control

 

At the forefront of technology since 1991

We have always taken pride in being the innovators of our business, constantly developing new, cutting-edge technology to meet our customers' needs

 

Worldwide coverage

ReadSoft has customers in most countries all over the world.

With 16 subsidiaries and 300 partners, ReadSoft stays close to customers wherever they are.

Some of our 6,000 customers

- SA Government             
- RTA         
- Caltex
- Monash University 
- Businesslink
- Village Roadshow
- Schneider Electric
- Orica...

Quick return on investment

In general, an investment in automated document management pays for itself in less than 12 months.

(Source: Harvey Spencer Associates)

A green alternative

ReadSoft software spares the world of 1.4 billion paper copies every year.

That equates to 2000 tons of CO2 emissions.

 

What we do

ReadSoft provides document automation software and services that enable Business Process Automation for manual or paper-driven processes within organizations.  ReadSoft leverages OCR technology at the core of all solutions to digitze documents and capture data to facilitate streamlining associated business processes.

These processes are, for instance  

  • Accounts payable and procurement 
  • Claims and membership applications
  • Surveys
  • Timesheets etc.

Value for users

The results are faster and less expensive document processing, increased productivity, and better control over business critical information. The return-on-investment for a ReadSoft solution is usually less than one year.

Facts and figures

Business category:

Software solutions for document process automation.

Business mission:

ReadSoft contributes to businesses’ success by providing the ideal software solutions for automating document driven processes.

Operations in:

16 countries
(Australia, Benelux, Brazil, Chile, Denmark, Finland, France, Germany, Malaysia, Norway, Poland, Spain, Sweden, Switzerland, UK, and USA)

Customers:

7500+

Partners:

300+ in more than 70 countries

Employees:

Approximately 450

Founded:

1991

Head office:

Helsingborg, Sweden

CEO:

Per Åkerberg

Corporate values:

Commitment, Creativity, Competence, Cheerfulness (the 4Cs).

Share information:

Traded on the Nordic Stock Exchange Small Cap list.

ReadSoft's technology:

ReadSoft software extracts information from business documents such as invoices, forms, claims, orders etc. (paper or electronic). The extracted information is used for automated document sorting, information matching against ERP systems, and approval workflows.

Organization

With offices in 16 countries engaged in selling, installing and supporting the software solutions and partners in an additional 70, ReadSoft has the most extensive support network in the business.

world wide map subsidiaries

ReadSoft headquarters in Helsingborg, Sweden, houses corporate functions such as Human Resources, Integration development, Finance, Marketing, International sales and services.

Four solution labs provide ReadSoft with software and third-line support.

  • ReadSoft Lab – SAP Solutions (Frankfurt, Germany – Wroclaw, Poland).
  • ReadSoft Lab – Oracle Solutions (Copenhagen, Denmark).
  • ReadSoft Lab – Capture Solutions (Stockholm, Sweden).
  • ReadSoft Lab – SaaS Solutions (Stockholm, Sweden). 

History

Jan Andersson and Lars AppelstålDid you know that ReadSoft started out as a pet project by the two Swedish university students Jan Andersson and Lars Appelstål in the late 1980's?

They had seen how much time people spent on manually handling documents and thought that there must be a way to automate these processes. Freeing offices from manual document handling has been ReadSoft's mission ever since.

Since the start in 1991, the ReadSoft brand has stood for constant innovation and we still take pride in being the innovators of our field.

1988

Swedish college classmates, Jan Andersson and Lars Appelstål, begin investing their spare time in developing a system for interpreting handwritten characters.

1991

ReadSoft is founded. The first customer, Yves Rocher, uses the software to scan incoming order forms.

1992-1996

The company grows rapidly, and a number of technical innovations are launched, such as Fast Verify, Batch Handling, and the ability to handle multiple languages.

1997

Introducing INVOICES, the first self-tutoring software for handling invoices.  

Best of AIIM 1997
The product FORMS receives award for its scalability and integration abilities.

1999

ReadSoft is listed on the Stockholm Stock Exchange.

Best of AIIM 1999
FORMS is praised for its revolutionary color handling and character recognition.

2000-2001

ReadSoft is hit by the .com crash, but consolidates and still manage to launch a lot of new technology such as scanning in color, capture of electronic documents and the market’s first certified integration to SAP.

IT Company of the Year 2001
ReadSoft is named IT Company of the Year in Sweden.

Best of AIIM 2001
INVOICES is praised for its unique learning abilities.

Best of AIIM 2000
FORMS awarded for using color through the entire process.

2002

Introducing a system for electronically sending and receiving invoices.

Best of AIIM 2002
The INVOICES technology is praised for its forward thinking, SAP integration, and email and web functionality.

2004

Introducing an overall concept for capturing information from any document in any format.

Award Winner 2004
New Technology Product of the Year.

2005

ReadSoft acquires Danish Consit Development which becomes the ReadSoft Lab – Oracle Solutions. With this, ReadSoft has an integration and workflow for Oracle E-Business Suite.

2006

ReadSoft acquires German Ebydos AG which becomes the ReadSoft Lab – SAP Solutions. With this, ReadSoft has an integration and workflow for SAP R/3.

2007

Introducing a technology for classifying and indexing large volumes of documents without human intervention.

ECM Connection's ACE Awards 2007 ReadSoft software is commended for its compliance with other systems.

2008

Launch of pioneering click-to-view software for invoice reporting.

2010

Introducing a concept where documents find their own way through an organization.

 

Oceania Leadership Team


Frank Volckmar, Managing Director
Frank joined ReadSoft in 2006 to lead and manage the growth of ReadSoft in Oceania. He has held several executive and global roles and is driven by creating and working with high performance teams focused on delivering exceptional customer value.

Tammy Vorster-Jones, Director of Marketing 
Tammy commenced in January 2008 and is responsible for the development of strategies in marketing plans and initiatives to lift the profile of document automation and grow the market throughout Oceania.

Robin Renfrey, Director of Sales - Document Processing
Robin is responsible for sales in the Document Processing segment and the strategic development and tactical delivery of ReadSoft’s partner program for business process outsourcers, service bureaus and partners .

Sal Hijazi, Director of Professional Services 
Sal heads up the Professional Services division comprising of Consulting Services, Training and Support.  His main focus is on the development of the Professional Services team and business within ReadSoft Oceania.

Jeff Leibovici    . Director of Sales - SAP
Jeff is responsible for leading sales of ReadSoft's AP solution in the SAP segment of Oceania and manages the sales functions of an internal group of sales and pre-sales professionals as well as the partner channel.

Esther Lee, Director of Finance
Esther is responsible for financial reporting down to line of business and departmental levels, improved support contract management and cash flow management. She ensures that appropriate processes and controls are in place to support the growth of the company.


Learn more about ReadSoft's Corporate Management Team and Board of Directors.

 

 

Contact ReadSoft

Frank Volckmar 
Managing Director, ReadSoft Oceania
Phone: +61 2 9929 0676

 

Tammy Vorster-Jones 
Director of Marketing, ReadSoft Oceania
Phone: +61 2 9085 5608

 

 

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Fun facts

Did you know…

...that approximately 10 percent of ReadSoft’s customers in the US are on Forbes’ list "Fortune 500"?

...that ReadSoft's CEO Jan Andersson was named “2008 Entrepreneur of the Year” in Helsingborg, Sweden?

...that one of ReadSoft's customers got so much room to spare when they got rid of their archive that they built a spa?

...that ReadSoft’s products contribute to 1.4 billion paper copies never being made (reducing carbon emissions by 2,000 tons)?

...that it is not unusual for an investment in automated document management to pay for itself in less than 12 months?