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ReadSoft software enables rapid processing of the British Chambers of Commerce Quarterly Economic Survey

Milton Keynes, UK, March 8, 2005 - The British Chambers of Commerce (BCC) has selected ReadSoft DOCUMENTS for FORMS software to automate the processing of its Quarterly Economic Survey, the UK’s largest independent business survey.

The BCC - a non-political, non-profit making organisation comprising a national network of UK businesses with over five million employees - sends out the Quarterly Economic Survey to its membership to determine the health of the UK economy. The survey includes questions on such matters as sales, exports, pricing, recruitment, and so on.

“The results from the questionnaire are used to produce a report that influences banks, investment houses, government departments and the media,” said Emmeline Owens, the BCC’s Head of Policy. “We therefore needed to process the results in a timely manner, and selected ReadSoft’s software to rapidly capture the data from the survey and enable it to be analysed and interpreted for the report and our quarterly economic forecast.”

The BCC selected ReadSoft DOCUMENTS for FORMS software, which automates information extracted from structured and semi-structured forms in any format. The creation and automated processing of the questionnaires is done via a seamless, integrated solution incorporating scanning, ReadSoft’s Document Automation software and SPSS’ authoring and analysis software.

For the fourth quarter 2004 over 5,500 companies across the UK responded to the survey. “As well as automating the processing of the Quarterly Economic Survey, we’re planning to use ReadSoft’s software for our other surveys – on employment, for example, and the forthcoming UK general election,” added Emmeline Owens.

Colin Kaye, President of ReadSoft in the UK, said: “Our software is designed to power business efficiency, so we’re delighted that it is being used to automate the processing of the UK’s largest independent business survey.”

ReadSoft DOCUMENTS for FORMS is part of the ReadSoft DOCUMENTS platform, a complete solution for Document Automation which incorporates solutions for electronic invoice handling, electronic mailroom, indexing, rapid EDI, as well as forms.

For further information on ReadSoft, visit www.readsoft.co.uk, email info-uk@readsoft.com, or call + 44 (0) 1908 688000.

For media information, please contact:

Russell Henley
VP sales and marketing
Tel: + 44 (0) 1908 688000
Email: russell.henley@readsoft.com

Media representative:
Barry Monk
Next Communications
Tel: + 44 (0) 1732 810644
Email: barry@next-communications.com

The British Chambers of Commerce
Jo Tanner
Media Manager
Tel: +44 (0)20 7654 5812

About the British Chambers of Commerce
The British Chambers of Commerce (BCC) is the national voice of local business. The BCC sits at the heart of a powerful nationwide network of Accredited Chambers of Commerce serving businesses across the UK, which employ over five million people. For more information visit: www.chamberonline.co.uk

About ReadSoft
ReadSoft is the world’s leading supplier of software for Document Automation. The company develops and markets a complete product platform for Document Automation - ReadSoft DOCUMENTS. The vision is to free businesses everywhere from manual document handling in order to drive business efficiency. Since its founding in 1991, ReadSoft has developed into a global group with 11 subsidiaries in Europe, North and South America and Australia, and a large number of local and global partners. ReadSoft is headquartered in Helsingborg, Sweden, and has UK offices in Milton Keynes. ReadSoft has been listed on the Stockholm stock exchange since 1999. For more information visit www.readsoft.com

Published on: 12:00AM on 8th March 2005