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Bayer Business Services agrees international cooperation with Deutsche Post


Tuesday - April 25, 2006, Bayer Business Services and Deutsche Post have entered into a global cooperation in the area of invoice receipt processing. This cooperation will strengthen Bayer Business Services’ integrated services for finance and accounting.

The framework agreement signed on March 29 covers a package of Deutsche Post services for processing invoices received at Bayer. Deutsche Post provides international handling of services such as processing and scanning of incoming invoices, reading invoice data, reconciliation with master, order and goods receipt data, and physical archiving. The future volume of the collaboration is estimated at over a million documents per year.

“This cooperation in invoice receipt processing lays the foundation for an efficient and global collaboration in the field of document logistics,” says Reinhard Pranke, Member of the Board, Mail Services Division of Deutsche Post. “The services of Deutsche Post are an ideal complement to our highly developed processes for handling incoming invoices,” adds BBS Executive Board Chairman Dr. Andreas Resch. “Now we are in a position to offer our integrated invoicing services to our customers anywhere in the world.”

Forward-looking statements
This news release contains forward-looking statements based on current assumptions and forecasts made by Bayer Group management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in our public reports filed with the Frankfurt Stock Exchange and with the U.S. Securities and Exchange Commission (including our Form 20-F). The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.


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