Altec Products, Inc., a provider of IDM (Integrated Document Management) solutions, has signed a distribution agreement with ReadSoft. Altec will be marketing accounts payable automation solutions by ReadSoft through its network of resellers.

             ReadSoft's IDR (Intelligent Document Recognition) solution will be implemented into Altec's product, doc-link. This will allow businesses to gain about 25 percent productivity increase when processing accounts payable transactions. The doc-link solution itself offers an increase of 25 to 40 percent. The IDR technolgy will be an optional addition to the different doc-link bundles.
            The partnership enables both companies to gain a greater market reach and expand their businesses through increased functionality.  "As we continue to penetrate the SMB market and receive feedback from our user community, our product marketing team has identified the need to expand the benefits of our solution by offering OCR and IDR technology," said Mark Tague, Chief Technology Officer of Altec. "When selecting an OCR/IDR partner, we wanted to find an organization that was a market leader with a global reach to complement our sales and marketing model, and ReadSoft fit that bill for us."
            "ReadSoft has traditionally operated in the large enterprise marketplace, and our vision for growth includes expansion into the other markets," said Bob Fresneda, President of ReadSoft North America.  "Altec is well entrenched in the SMB space; its strategic alliances with Epicor, Sage, Dynamics and SAP make them a strong partner to help us bring IDR to customers in the SMB marketplace that have been demanding this type of solution for quite some time." 
           For additional information, please visit www.readsoft.com