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ReadSoft, Esker Software join forces

Joint offering accelerates time to cash by as much as 75%
Johannesburg, 23 Sep 2003

Esker Software, worldwide provider of solutions to automate delivery of business documents, and ReadSoft, global market leader in automated data and document capture, have formed a worldwide alliance.

The partners will provide users of SAP solutions and other enterprise systems with total solutions for automating key business processes and improving profitability. Esker and ReadSoft are members of the SAP Software Partner programme.

Many providers of goods and services continue to depend on the manual processing and physical transport of paper business documents. Paper-based information exchange impacts any process-procurement of materials, production of goods for sale, invoicing and collection of payment. Productivity and efficiency decline, costs rise, and most significant, the cash conversion cycle - the gap between expenditures for purchases made and receipt of payment for products sold-widens dramatically, swallowing profitability.

Esker and ReadSoft together offer Esker DeliveryWare Platform and ReadSoft INVOICES - both SAP integration-certified - as a total solution to automate these processes and renew productivity, reduce costs, and accelerate cash conversion. Esker DeliveryWare Platform 3.0 is certified on BC-CON (SAPconnect-communication, fax and e-mail software interface) and valid for SAP R/3Release 3.1 to 4.6. ReadSoft Eyes & Hands INVOICES 1.0 is certified to R/3 Release 4.6.

ReadSoft INVOICES captures and perfects data from incoming documents - paper or electronic - and directs them to SAP R/3 or other enterprise applications, eliminating manual data entry and reducing account processing time by as much as 75%. Esker DeliveryWare Platform delivers outbound documents-RFQs, POs, invoices, etc - to trading partners and customers in any required format - e-mail, XML, fax, Web, mail-on-demand, and more.

"Bringing together Esker`s industry-leading output management and ReadSoft`s award-winning input management technology, our partnership dramatically improves the way organizations exchange and manage their most critical business documents. The result is they see lower costs, higher productivity, and a stronger bottom line," says Bob Fresneda, president of ReadSoft.

Adds Steve Broadway, VP of business development at Esker: "Our joint solution gives enterprises a unique opportunity to re-examine and optimise those business processes that most immediately impact profitability-the procurement and fulfilment processes that generate hard cash. Organisations implementing Esker-ReadSoft solutions typically see payback in less than a year and a high return on investment for years to come."

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ReadSoft

ReadSoft is the global leader in the development and sales of software for automated data capture. With thousands of customers on a global basis, ReadSoft supports our customers and partners in the US with offices in six locations including the corporate headquarters in New Orleans, LA. Established in 1991, ReadSoft, first with free form technology for invoices and colour document processing, has become the global technology leader, with subsidiaries in 11 countries and partners in an additional 70. We are proud to have the largest and most innovative development department in the industry, with professional services to assist customers and partners on a global basis. For more information, please visit http://www.readsoft.com.

Esker Software

Esker Software solutions connect people and information. Providing access to enterprise host systems and enabling delivery of business information from any enterprise source to any destination, Esker solutions include:

- Esker DeliveryWare Platform

- Esker FaxTM, Esker Fax for Notes, Esker VSI-FAX, and Esker VSI-FAX for Notes

- Persona by Esker, SmarTerm by Esker, and Tun Plus by Esker.

Esker is traded on Euronext-the French Stock Exchange (Le Nouveau March'e/Euroclear: 3581). With offices in North America, Europe, and Asia/Pacific, Esker has shipped over 85,000 document solutions and has a host-access installed base of more than two-million licensed users. For more information, visit http://www.esker.com.

Editorial contacts

Willie Visagie
Prisma Solutions
(011) 884 4858
williev@prismasolutions.co.za