Breakthrough for e-invoicing from ReadSoft

After an extensive period of development and launch activities, several companies are now using ReadSoft's new technology for EDI (electronic document interchange).

Many companies have found it hard to launch large-scale EDI systems and want a simple way to enable suppliers to send their invoices electronically. ReadSofts newly-developed EZ-OUT software is a simple and efficient way of implementing a truly electronic invoice flow between companies. It sends documents electronically via email to ReadSoft's invoice processing software. The whole solution is called ReadSoft DOCUMENTS for EDI and represents a quantum leap in offering a truly electronic flow of invoices.

ReadSoft DOCUMENTS for EDI enables companies to send invoices (and other documents) electronically via email. On the sending side, EZ-OUT sends the document as an email. On the receiving side, the email is opened, captured and interpreted by ReadSoft's software for Document Automation. The benefits are numerous - the sender saves postage, printing and paper costs, while the receiver doesn't have to open envelopes, scan documents or archive tons of paper. But above all, the whole process can now be carried out in just a few seconds.

Two of ReadSoft's customers - Fortum Service, part of the power company Fortum, and Familjebostder, the third largest provider of housing in Sweden - have now successfully rolled out EZ-OUT software to their suppliers, who no longer need to print and send invoices on paper. Instead they can send them electronically using EZ-OUT. Familjebostder, for example, receives some 5,000 electronic invoices per year and is now pushing the technology out to more of its suppliers.

"For ReadSoft it's a milestone to offer technology that facilitates truly electronic document exchange," said Colin Kaye, ReadSoft UKs managing director. "We have spent two years fine-tuning this software and we are now able to offer a very attractive alternative to expensive and lengthy EDI projects. Our customers now have access to a new tool to further cut costs together with their suppliers."