ReadSoft
Encyclopedia
ReadSoft is a company that develops, markets and supports software that automates the processing of documents, such as invoices, in different business processes and ERP environments within organizations. ReadSoft was founded by two university students in Lund
, Sweden, in 1991, both of which are still actively involved in the management of the company. Today ReadSoft employs ca 500 employees across the globe. Its headquarter is located in Helsingborg
, Sweden. ReadSoft has subsidiaries in 15 countries and partners in an additional 70.
ReadSoft is regarded as "AP invoice specialist" - AP is a common abbreviation of Accounts Payable
- by Gartner
, an independent information technology research and advisory company. Specialist software is designed to integrate with the AP software from ERP systems, such as Oracle and SAP. For example, ERP integration may take advantage of single-sign-on processes, eliminating the need for employees to juggle multiple logons and systems.
With 6000 customers, ReadSoft claims to be the market leader of the Document Process Automation segment - a term first coined by ReadSoft itself to cover the technology that automates the processing of business documents. It involves data capture and extraction (optical character recognition
) from paper and electronic documents, integration with company's existing ERP system and routing to company agents for approvals and problem resolution via workflow.
ReadSoft maintains SAP and Oracle competency/development centers which provide integrated solutions for companies with SAP or Oracle, respectively. Market analyst firm Harvey Spencer Associates reports ReadSoft with a 13% market share.
Lund
-Main sights:During the 12th and 13th centuries, when the town was the seat of the archbishop, many churches and monasteries were built. At its peak, Lund had 27 churches, but most of them were demolished as result of the Reformation in 1536. Several medieval buildings remain, including Lund...
, Sweden, in 1991, both of which are still actively involved in the management of the company. Today ReadSoft employs ca 500 employees across the globe. Its headquarter is located in Helsingborg
Helsingborg
Helsingborg is a city and the seat of Helsingborg Municipality, Skåne County, Sweden with 97,122 inhabitants in 2010. Helsingborg is the centre of an area in the Øresund region of about 320,000 inhabitants in north-west Scania, and is Sweden's closest point to Denmark, with the Danish city...
, Sweden. ReadSoft has subsidiaries in 15 countries and partners in an additional 70.
ReadSoft is regarded as "AP invoice specialist" - AP is a common abbreviation of Accounts Payable
Accounts payable
Accounts payable is a file or account sub-ledger that records amounts that a person or company owes to suppliers, but has not paid yet , sometimes referred as trade payables. When an invoice is received, it is added to the file, and then removed when it is paid...
- by Gartner
Gartner
Gartner, Inc. is an information technology research and advisory firm headquartered in Stamford, Connecticut, United States. It was known as GartnerGroup until 2001....
, an independent information technology research and advisory company. Specialist software is designed to integrate with the AP software from ERP systems, such as Oracle and SAP. For example, ERP integration may take advantage of single-sign-on processes, eliminating the need for employees to juggle multiple logons and systems.
With 6000 customers, ReadSoft claims to be the market leader of the Document Process Automation segment - a term first coined by ReadSoft itself to cover the technology that automates the processing of business documents. It involves data capture and extraction (optical character recognition
Optical character recognition
Optical character recognition, usually abbreviated to OCR, is the mechanical or electronic translation of scanned images of handwritten, typewritten or printed text into machine-encoded text. It is widely used to convert books and documents into electronic files, to computerize a record-keeping...
) from paper and electronic documents, integration with company's existing ERP system and routing to company agents for approvals and problem resolution via workflow.
ReadSoft maintains SAP and Oracle competency/development centers which provide integrated solutions for companies with SAP or Oracle, respectively. Market analyst firm Harvey Spencer Associates reports ReadSoft with a 13% market share.