ReadSoft

ReadSoft was a Swedish software company that developed and sold software solutions for document capture, data extraction, and process automation. Primarily focused on accounts payable automation and invoice processing, ReadSoft's technology aimed to streamline business processes by automatically extracting information from scanned documents, eliminating manual data entry, and improving efficiency.

The company's core offerings included solutions for invoice automation, sales order processing, and forms processing. These solutions typically involved optical character recognition (OCR) technology to convert scanned images into machine-readable text, followed by data extraction using intelligent capture techniques. The extracted data could then be validated, verified, and transferred to other business systems, such as enterprise resource planning (ERP) systems or accounting software.

ReadSoft served a wide range of industries, including finance, healthcare, manufacturing, and retail. Its customers ranged from small and medium-sized businesses (SMBs) to large multinational corporations.

In 2014, ReadSoft was acquired by Lexmark International. Following the acquisition, ReadSoft's solutions became part of Lexmark's enterprise software portfolio.

The ReadSoft brand and technology continue to be utilized and developed under the Lexmark umbrella, contributing to Lexmark's broader suite of content management and process automation solutions. The company's legacy of automating document-intensive processes remains a significant aspect of Lexmark's offerings.