ITESOFT Technology Bridges the Invoice Gap for VINCI Construction

Vinci Construction Selects ITESOFT's Automatic Invoice Management and
Processing Solution ITESOFT.FreeMind for Invoices

Leading document capture and processing software company, ITESOFT, is to supply its automatic Invoice management and processing solution, ITESOFT.FreeMind for Invoices, to Vinci Construction Grand Projects, part of the Vinci Group, to process the 15,000 supplier invoices it receives annually.

With a 669 million Euro turnover in 2003, Vinci Construction, an infrastructure specialist for civil engineering projects, is involved with over 50 separate projects across the world and has over 3,000 staff.

The invoices received annually by Vinci Construction will be automatically
read, checked and verified by ITESOFT.FreeMind for Invoices and integrated
into Vinci's existing ELODI ERP applications and document management system.

Vinci Construction undertook a detailed study of eight different Invoice
processing solutions on the market in order to make certain of choosing the
tools best suited for its business needs and environment and selected ITESOFT.FreeMind for its performance and functionality.

Denis Galli of Vinci Construction Grands Projets' Organisation & Methods
department said: "Following a comprehensive study and intensive benchmarking
of various ADP and workflow software companies, we chose ITESOFT. Our choice
was driven by ITESOFT's product which unquestionably offered the best line-up of automatic and document processing solutions, addressing every stage of the invoice handling process, from capture to approval workflow and export to our ELODI ERP."

The initial stage of the invoice capture and processing solution will become
operational in January 2005 at the company's head office and will then be
rolled out to the Group's main construction sites.

Accounts specialist of Vinci Construction Philippe Masselot adds: "ITESOFT
carried out a detailed analysis of our project as well as constructing a prototype, allowing us to appreciate the depth of experience in both the finance and technical fields ITESOFT held."

A market leader in automatic document capture processing, ITESOFT has installed some of the largest automatic document processing projects in Europe such as; Orange, ING Direct, Redcat Group, Secodip and Tupperware, processing tens of thousands of documents daily across 600 sites.

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