Länsförsäkringar is first in Sweden to choose ReadSoft's latest document automation solution

Länsförsäkringar AB, one of the leaders in Swedish banking and
insurance, invest in CLASSIFY and INDEX in order to automate handling
of more than 2 million documents annually. Besides cutting costs, the
investment also gives the companies in the group the ability to
provide customers with a more efficient service, and facilitates the
group's future growth.

With 24 independent regional insurance companies and the jointly
owned Länsförsäkringar AB, Länsförsäkring group is Sweden's only
customer-owned and locally based banking and insurance group. The
group manages assets of over SEK 173 billion and has more than 3.1
millions customers and 5,500 partners. While the Länsförsäkring group
already has the most satisfied customers in Sweden within both the
banking and insurance sectors, it is their ambition to provide their
customers with an even higher standard of service by investing in
automated document handling.
 "The aim of this investment is both to improve productivity and
simplify our document handling procedures," says Ingvar Karlstrand,
manager of the Document Technology department at Länsförsäkringar AB."Being able to offer a central competence center to all companies
within the group allows us to reduce everyone's expenses, something
which we hope and believe will lead to an increase in the number of
our companies utilizing this solution."
 
Länsförsäkringar AB has been using ReadSoft's solutions for both
invoice and forms handling for some time now, and as a result of this
positive experience, they spent the last year evaluating how document
processing could be made more efficient in the business areas of Life
and Liability insurance. With CLASSIFY and INDEX, automatic data
capture, classification and indexing of incoming documents is now a
reality, with the necessary information being forwarded to an
electronic workflow, archiving system or both. The company's incoming
post, fax, email, and internal system will also be handled by
ReadSoft's solution. Together with its partner Dokumentkompetens,
ReadSoft is starting implementation immediately and plans to have the
solution up and running before the summer.
 "We are tremendously pleased that Länsförsäkringar AB has made the
strategic decision to invest in our latest solution for document
handling," says ReadSoft's President and CEO Jan Andersson. Our
solution gives them the ability to improve  automatic handling of
important documents, which will result in a simpler, faster and more
cost-effective approach throughout the entire group, giving them a
clear competitive edge in both the banking and insurance markets."
 
 
For additional information, contact;
ReadSoft
AB                                                                                                        
Jan Andersson, CEO, ReadSoft
                                            
Phone: +46 708 - 37 66 00                                    
Jonna Opitz, Vice President, Corporate
Communications                                      
Phone: +46 733 - 37 86 68                                    
jonna.opitz@readsoft.com
 
 
About ReadSoft
ReadSoft is a leading global provider of software solutions for
Document Automation. ReadSoft's software enables companies to
automate document processes such as data entry, classification, ERP
matching, workflows, e-invoicing etc. The results are faster and less
expensive document processing, and increased control. ReadSoft is by
far the world's number one choice for invoice automation solutions.
Specialized solution labs for SAP, Oracle, Microsoft and Capture
processes ensure cutting edge solutions with great customer value.
Since the start in 1991, ReadSoft has grown to a worldwide group with
operations in 16 countries on five continents and a network of local
and global partners. The head office is located in Helsingborg,
Sweden and the ReadSoft share is traded on the Nasdaq OMX Nordic
Exchange Small Cap list. For more information about ReadSoft, please
visit www.readsoft.com.