FARNHAM, England, February 13, 2014 /PRNewswire/ --

As part of plans to upgrade accounting processes within its French subsidiaries Lactalis, the world leader in the dairy industry, has chosen ITESOFT's multi-award winning solutions to automate its 500,000 annual supplier invoices.

ITESOFT, leading software provider for the process automation market in France, and one of the leaders in the market worldwide with its document capture and automatic multi-channel document processing solutions, today announces that it has signed a significant contract with Lactalis.

Following initial market evaluation in January 2013, assessing the main providers in the field, Lactalis selected ITESOFT's offering. The comprehensive nature of the solution combined with the expertise of the ITESOFT team were both deciding factors that convinced Lactalis of the success of this project, which will undoubtedly have a significant impact on the organisation.

The goal of the project, which kicked off in January 2014, is to automate processing for over 500,000 supplier invoices per year, and to optimize the electronic approval chain involving 1,500 employees across 70 sites.

In the long term, the ITESOFT solution may also be used for similar projects in other countries.

About ITESOFT - http://www.itesoft.co.uk

ITESOFT is an international software vendor of multichannel document capture and process automation solutions aimed at accelerating, streamlining, and securing document-centric business processes. Leveraging its specialized R&D labs and research programs, the performance and innovation of ITESOFT's solutions have helped the company gain the status of an internationally recognized leader beyond its number 1 market position in France.

ITESOFT deploys its solutions to automate critical business processes for over 1,000 clients in large- to mid-sized organizations and SMEs in 29 countries, handling more than a billion documents every year across business sectors.

Founded in 1984, ITESOFT has offices in Germany, the United Kingdom, and France, serving western European markets (Germany, Belgium, Luxembourg, Switzerland, the United Kingdom, and France), as well northern Africa and the United States. With a staff of 196 people, the company generated consolidated revenue of 21.7 M€ in 2012. ITESOFT has been listed on the Euronext Paris stock exchange since February 2001.

ITESOFT's two-fold go-to-market strategy:

• Selling "on premise" solutions (the company's ITESOFT FreeMind activity) including software licenses and associated professional services to implement automated document capture and processing projects, both for large organizations and intermediate-sized companies.
• Providing automated supplier invoice capture and processing as a SaaS (software as a service) solution through Yooz, ITESOFT's independent business unit serving SMEs, associations, certified accountants, and local government organizations.

Value proposition:

ITESOFT's solutions measurably and significantly increase the efficiency of document-centric business processes, both paper and electronic, such as Purchase-to-Pay, Order-to-Cash, customer case handling, and more, by increasing productivity and reducing costs while ensuring end-to-end process reliability and traceability. These solutions provide managers with the decision-making tools they need to monitor and control their processes, including supplier scoring, KPI monitoring, and reporting.

PRESS RELATIONS

ITESOFT
James McHarg
Tel: +44(0)1252-741509
Mobile: +44(0)7740-251154
james.mcharg@itesoft.com

François Lacas    
Tel: +33-1-55-91-92-81
Mobile : +33-6-22-20-24-11
francois.lacas@itesoft.com

SOURCE ITESOFT