Provider Redeploys Headcount While Onboarding Three Business Units to Shared Services
February 16, 2012, Ashburn, VA and Brea, CA—Brainware and Ascend Software are proud to announce that Gundersen Lutheran Health System, one of the 2011 Thomson Reuters 100 Top Hospitals in the United States, has reduced its invoice processing cycle from more than two weeks to about 48 hours following implementation of the Brainware Distiller and Ascend SmartTouch applications for accounts payable (AP) automation. Additionally, data entry personnel are being redeployed to more strategic, analytical roles, even as three additional business units have been consolidated into the provider’s shared services operation for AP.
“Brainware has enabled considerable touchless processing for our PO-based invoices, turning our manual entry process into an exception handling process while providing a robust search capability for locating previously scanned invoices on the basis of any data field,” said Karen Haville, Financial Systems Analyst at Gundersen Lutheran. “Each incoming document is scanned on the day it is received, all exceptions are addressed by the day’s end and the Ascend platform enables real-time adjustments to Lawson for non-PO invoices. Brainware and Ascend have delivered a clear benefit to our shared services operation, and we foresee continued improvements in terms of straight-through processing, simplified approvals and more.”
“Ascend’s SmartTouch solutions deliver the highest level of automation while leveraging Gundersen Lutheran’s Lawson ERP system in real-time, reducing errors, enforcing corporate policies and providing a greater level of visibility to invoices and payables data for quick decision making,” said Larry Robinett, Vice President, Sales at Ascend Software. “Combining Ascend’s SmartTouch solutions with Brainware’s technology allows our customers to do more with fewer and smarter touches.”
“Brainware’s technology helps providers streamline document-based routines, empowering them to shift their resources away from manual data entry and towards strategic, mission-centric opportunities,” said Charles Kaplan, Vice President of Marketing at Brainware. “Combined with Ascend’s tools for superior data management, this technology has enabled Gundersen Lutheran to achieve superior levels of productivity, increasing workloads while processing documents at more than four times the previous pace.”
Based in La Crosse, Wisconsin, Gundersen Lutheran Health System is a multi-specialty group medical practice with hospitals and clinics throughout western Wisconsin, southeastern Minnesota and northeastern Iowa that provide emergency, specialty and primary care services. The health system has been consistently ranked in the upper 5% of hospitals in the country by independent healthcare ratings organizations.
About Ascend Software
Since 1997, Ascend Software has developed business process management solutions that provide greater cost savings automation and are easy to implement. Ascend’s enterprise information management solution was designed from the ground up to archive all types of information (i.e. reports, documents, images and all file types) to build a centralized archive in order to retain corporate information. Additionally, Ascend developed their advanced workflow solution that provides greater automation and is the foundation for their SmartTouch Solution suite, which features robust automation and business savvy design delivering greater cost savings to customers. Ascend’s advanced automation overcomes challenges typically found in workflow solutions and is the reason for the implementation success. Ascend’s solutions are implemented in all industries and distributed in fourteen countries. Headquartered in Brea, California, the company has branch offices in Tennessee, Maine, Oregon, Illinois, and Northern California. Visit www.ascendsoftware.com for more information.
Thursday, February 16, 2012
Thursday, February 9, 2012
The Institute of Financial Operations Welcomes Brainware as Title Sponsor of Fusion 2012
Conference Offers 200+ Sessions in Leading Technology and Best Practices for AP, AR, P2P, Document Management and More
February 9, 2012, Ashburn, VA, and Orlando, FL —The Institute of Financial Operations, the globally recognized authority on best practices in financial operations, has announced Brainware Inc. will be the title sponsor for Fusion 2012, The Institute’s premier event for peer-driven learning and networking opportunities covering the full spectrum of financial operations. Brainware is the market leader for intelligent data capture and the only software vendor to CAPA-certify its entire sales force.
Fusion takes place May 13-17, 2012, at the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee. The program will include more than 200 breakout sessions, presenting attendees with the latest technology and best practices related to accounts payable, accounts receivable, purchase-to-pay, automation, document management, data capture, outsourcing, operational leadership and more. Brainware executives will be presenting on customer success stories and the strategic opportunities created by automating AP, AR and mailroom operations with intelligent data capture technology.
“Partnering with The Institute of Financial Operations has given Brainware an unparalleled ability to keep its hand on the pulse of financial departments that stand to gain the most from technologies that remove manual document sorting and data entry from the equation,” said Charles Kaplan, Vice President of Marketing at Brainware. “Fusion 2012 is an excellent opportunity to engage with the financial operations community and discuss IT-driven strategies that have helped large businesses eliminate paper from their AP process, boost AR productivity by 400 percent to 500 percent, instantly sort and capture actionable data directly from the mailroom and more. We are proud to return as Title Sponsor for this educational event.”
Kaplan’s session, “Managing the Long Tail: Automating AP Across Your Entire Supplier Base,” will present case studies detailing how intelligent data capture technology provides a holistic solution to the challenges of accounts payable automation, without the limitations inherent to adopting electronic data interchange (EDI), e-invoicing and other common applications.
“The annual Fusion conference is a genuine treasure trove of information for the financial operations professional, providing a vast landscape of success, productivity and profitability for every conceivable aspect of the enterprise,” said Thomas M. Bohn, President and CEO of The Institute of Financial Operations. “As an innovative collaborator and advocate for transforming these business processes with technology and practical insight, Brainware is a perfect fit to co-headline Fusion 2012. We’re looking forward to what The Institute believes will be its most successful and memorable conference to date.”
Download a copy of “2011 Global Trends in Automated Data Capture in Accounts Payable,” a report about a study sponsored by Brainware and conducted by The Institute of Financial Operations.
About The Institute, IAPP, IARP, NAPP, and TAWPI
The Institute of Financial Operations is the umbrella association comprising four membership affiliates for finance professionals: International Accounts Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP), the National Association of Purchasing & Payables (NAPP), and The Association for Work Process Improvement (TAWPI). Based in Orlando, Florida, with offices in Boston and London, The Institute serves as a global voice, chief advocate, recognized authority, acknowledged leader, and principal educator for people in financial operations, with a particular focus on accounts payable, accounts receivable, automation, data capture, and procure-to-pay. Combined, the affiliates have more than 6,000 members. For more information, visit www.financialops.org.
February 9, 2012, Ashburn, VA, and Orlando, FL —The Institute of Financial Operations, the globally recognized authority on best practices in financial operations, has announced Brainware Inc. will be the title sponsor for Fusion 2012, The Institute’s premier event for peer-driven learning and networking opportunities covering the full spectrum of financial operations. Brainware is the market leader for intelligent data capture and the only software vendor to CAPA-certify its entire sales force.
Fusion takes place May 13-17, 2012, at the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee. The program will include more than 200 breakout sessions, presenting attendees with the latest technology and best practices related to accounts payable, accounts receivable, purchase-to-pay, automation, document management, data capture, outsourcing, operational leadership and more. Brainware executives will be presenting on customer success stories and the strategic opportunities created by automating AP, AR and mailroom operations with intelligent data capture technology.
“Partnering with The Institute of Financial Operations has given Brainware an unparalleled ability to keep its hand on the pulse of financial departments that stand to gain the most from technologies that remove manual document sorting and data entry from the equation,” said Charles Kaplan, Vice President of Marketing at Brainware. “Fusion 2012 is an excellent opportunity to engage with the financial operations community and discuss IT-driven strategies that have helped large businesses eliminate paper from their AP process, boost AR productivity by 400 percent to 500 percent, instantly sort and capture actionable data directly from the mailroom and more. We are proud to return as Title Sponsor for this educational event.”
Kaplan’s session, “Managing the Long Tail: Automating AP Across Your Entire Supplier Base,” will present case studies detailing how intelligent data capture technology provides a holistic solution to the challenges of accounts payable automation, without the limitations inherent to adopting electronic data interchange (EDI), e-invoicing and other common applications.
“The annual Fusion conference is a genuine treasure trove of information for the financial operations professional, providing a vast landscape of success, productivity and profitability for every conceivable aspect of the enterprise,” said Thomas M. Bohn, President and CEO of The Institute of Financial Operations. “As an innovative collaborator and advocate for transforming these business processes with technology and practical insight, Brainware is a perfect fit to co-headline Fusion 2012. We’re looking forward to what The Institute believes will be its most successful and memorable conference to date.”
Download a copy of “2011 Global Trends in Automated Data Capture in Accounts Payable,” a report about a study sponsored by Brainware and conducted by The Institute of Financial Operations.
About The Institute, IAPP, IARP, NAPP, and TAWPI
The Institute of Financial Operations is the umbrella association comprising four membership affiliates for finance professionals: International Accounts Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP), the National Association of Purchasing & Payables (NAPP), and The Association for Work Process Improvement (TAWPI). Based in Orlando, Florida, with offices in Boston and London, The Institute serves as a global voice, chief advocate, recognized authority, acknowledged leader, and principal educator for people in financial operations, with a particular focus on accounts payable, accounts receivable, automation, data capture, and procure-to-pay. Combined, the affiliates have more than 6,000 members. For more information, visit www.financialops.org.
Thursday, February 2, 2012
Old Dominion Freight Line to Automate Processing of Shipping Documents with Brainware Distiller
Following 400-500% Productivity Boost with Distiller for Remittances, Carrier Expands Intelligent Data Capture Platform
February 2, 2012, Ashburn, VA—Brainware, Inc. announced today that Old Dominion Freight Line (NASDAQ: ODFL), a leading less than truckload super regional carrier, has selected Brainware Distiller to automatically extract and validate header and line item detail from tens of thousands of pages of shipping documents per day. This contract follows the successful implementation of Distiller for Remittances, a project responsible for boosting the carrier’s accounts receivable productivity by 400-500%.
“Shipping documents act as a receipt, or manifest, for every item included in a given shipment, and therefore it is critical that it be recorded quickly and accurately, to ensure both accountability and customer satisfaction,” said Ken Erdner, Vice President of Information Technology at Old Dominion Freight Line. “Having reaped the benefits of Brainware’s cutting-edge technology in other back office operations, we saw great potential in extending this capability for efficiency to other document-centric routines. Old Dominion prides itself on seeking out the most effective solutions for tackling our business challenges, and partnering with Brainware has yielded considerable performance gains.”
“Brainware Distiller’s scalability to handle a plethora of document types and formats translates to a considerable proposition for businesses seeking efficiency and visibility at every possible stage,” said Carl E. Mergele, Chief Executive Officer at Brainware. “Intelligent data capture offers the most capable technology for removing the manual workload from back office routines, freeing up personnel to better serve customers, collaborate with suppliers, manage capital and enable business growth while limiting overhead. We are proud to partner with Old Dominion Freight Line in delivering superior document processing efficiency and productivity.”
Read about Old Dominion Freight Line’s world-class operation for remittance processing, as profiled in Business Finance.
Headquartered in Thomasville, North Carolina, Old Dominion Freight Line is a leading less-than-truckload super regional carrier. Through its non-union workforce and four operating Groups (OD-Domestic, OD-Expedited, OD-Globaland and OD-Technology), Old Dominion offers an array of products and services, providing complete 50-state coverage and international service around the globe.
February 2, 2012, Ashburn, VA—Brainware, Inc. announced today that Old Dominion Freight Line (NASDAQ: ODFL), a leading less than truckload super regional carrier, has selected Brainware Distiller to automatically extract and validate header and line item detail from tens of thousands of pages of shipping documents per day. This contract follows the successful implementation of Distiller for Remittances, a project responsible for boosting the carrier’s accounts receivable productivity by 400-500%.
“Shipping documents act as a receipt, or manifest, for every item included in a given shipment, and therefore it is critical that it be recorded quickly and accurately, to ensure both accountability and customer satisfaction,” said Ken Erdner, Vice President of Information Technology at Old Dominion Freight Line. “Having reaped the benefits of Brainware’s cutting-edge technology in other back office operations, we saw great potential in extending this capability for efficiency to other document-centric routines. Old Dominion prides itself on seeking out the most effective solutions for tackling our business challenges, and partnering with Brainware has yielded considerable performance gains.”
“Brainware Distiller’s scalability to handle a plethora of document types and formats translates to a considerable proposition for businesses seeking efficiency and visibility at every possible stage,” said Carl E. Mergele, Chief Executive Officer at Brainware. “Intelligent data capture offers the most capable technology for removing the manual workload from back office routines, freeing up personnel to better serve customers, collaborate with suppliers, manage capital and enable business growth while limiting overhead. We are proud to partner with Old Dominion Freight Line in delivering superior document processing efficiency and productivity.”
Read about Old Dominion Freight Line’s world-class operation for remittance processing, as profiled in Business Finance.
Headquartered in Thomasville, North Carolina, Old Dominion Freight Line is a leading less-than-truckload super regional carrier. Through its non-union workforce and four operating Groups (OD-Domestic, OD-Expedited, OD-Globaland and OD-Technology), Old Dominion offers an array of products and services, providing complete 50-state coverage and international service around the globe.
Wednesday, February 1, 2012
Brainware Delivers Automation Insights to Capture 2012
Conference Explores Case Studies, Best Practices for Automating Business Processes
January 30, 2012, Ashburn, VA—Brainware, Inc., the market leader for intelligent data capture, announced today that the company’s Vice President of Marketing, Charles Kaplan, will be leading an instructional session, “Mastering Data Automation,” at Capture 2012, taking place February 5-7 at the Hyatt Riverwalk in San Antonio, Texas. The presentation, which will include a number of observed case studies, will help conference attendees identify opportunities for data automation in their organizations; evaluate and prioritize potential investments in automation using a portfolio approach; and plan for and communicate the changes to business processes and organizational structures that will increase the speed and efficiency of their programs.
“Through a number of events and programs we’ve undertaken with the Institute of Financial Operations, Brainware has gathered a great deal of insight into the pain points faced by financial personnel involved with critical, document-driven business processes,” said Kaplan, who will also be joining a number of other IT vendor representatives for a panel discussion, “The Biggest Mistakes Organizations Make in Automating Transactions.” “A wealth of information exists to demonstrate the value of data capture technology in the financial space, and I look forward to engaging with those seeking an inside track in achieving world-class performance, from the mailroom to the boardroom.”
Brainware recently sponsored the Institute’s global survey of financial professionals, “2011 Global Trends in Automated Data Capture in AP,” detailing the real-world benefits, challenges, limitations and motivations associated with implementing data capture technology in accounts payable across various regions and industrial verticals.
About Capture 2012
The Institute of Financial Operations presents Capture 2012: Imaging to Archive—the premier event on complex data capture and transactional content management. This one-of-a-kind event focuses on emerging technologies and best practices for the automation of document-driven applications such as invoice processing, order entry, application processing, loan processing, tax processing, health claims, mailroom automation and more. Through end-user case study presentations, interactive panel discussions and visionary keynote presentations, attendees will gain actionable strategies for improving business outcomes in document-driven applications. The event also will feature two networking receptions and exhibit space with the leading solutions and services providers.
January 30, 2012, Ashburn, VA—Brainware, Inc., the market leader for intelligent data capture, announced today that the company’s Vice President of Marketing, Charles Kaplan, will be leading an instructional session, “Mastering Data Automation,” at Capture 2012, taking place February 5-7 at the Hyatt Riverwalk in San Antonio, Texas. The presentation, which will include a number of observed case studies, will help conference attendees identify opportunities for data automation in their organizations; evaluate and prioritize potential investments in automation using a portfolio approach; and plan for and communicate the changes to business processes and organizational structures that will increase the speed and efficiency of their programs.
“Through a number of events and programs we’ve undertaken with the Institute of Financial Operations, Brainware has gathered a great deal of insight into the pain points faced by financial personnel involved with critical, document-driven business processes,” said Kaplan, who will also be joining a number of other IT vendor representatives for a panel discussion, “The Biggest Mistakes Organizations Make in Automating Transactions.” “A wealth of information exists to demonstrate the value of data capture technology in the financial space, and I look forward to engaging with those seeking an inside track in achieving world-class performance, from the mailroom to the boardroom.”
Brainware recently sponsored the Institute’s global survey of financial professionals, “2011 Global Trends in Automated Data Capture in AP,” detailing the real-world benefits, challenges, limitations and motivations associated with implementing data capture technology in accounts payable across various regions and industrial verticals.
About Capture 2012
The Institute of Financial Operations presents Capture 2012: Imaging to Archive—the premier event on complex data capture and transactional content management. This one-of-a-kind event focuses on emerging technologies and best practices for the automation of document-driven applications such as invoice processing, order entry, application processing, loan processing, tax processing, health claims, mailroom automation and more. Through end-user case study presentations, interactive panel discussions and visionary keynote presentations, attendees will gain actionable strategies for improving business outcomes in document-driven applications. The event also will feature two networking receptions and exhibit space with the leading solutions and services providers.
Wednesday, January 25, 2012
Brainware Significantly Outpaces Industry Growth Trend, Triples Average Contract Value
Company Innovates Through Collaboration with Global Tech Leaders, Finance Professional Community
January 25, 2012, Ashburn, VA—Notwithstanding the market weakness caused by depressed macroeconomic conditions and uncertainty over the last three years, Brainware, Inc. announced today that the company has grown sales during that same period by 260%.
In 2011, Brainware is proud to have:
January 25, 2012, Ashburn, VA—Notwithstanding the market weakness caused by depressed macroeconomic conditions and uncertainty over the last three years, Brainware, Inc. announced today that the company has grown sales during that same period by 260%.
In 2011, Brainware is proud to have:
- Contracted with a broad range of companies globally to drive efficiency, productivity and control in their AP, AR, mailroom and claims processing operations. By demonstrating unparalleled scalability, out-of-the-box extraction rates of well over 90% and the ability to deploy quickly in even the most complex IT environments, Brainware closed more than a dozen new deals valued at more than $1 million each.
- Achieved Microsoft Managed ISV Partner status, aligning Brainware with Microsoft’s sales, technology and partner ecosystem to broaden Brainware’s footprint for advanced data capture. Within months, this partnership yielded a benchmark case study that validated Brainware’s ability to capture header and line-item data from more than 5 million documents a day, as well as delivery of Distiller’s capabilities to the cloud via Microsoft’s Azure platform. Brainware also announced partnerships with KnowledgeLake, MHC Software and HP, to add to its market-defining partnerships with Perceptive, Oracle, Dolphin and Ascend. These relationships further establish Brainware as the de facto standard for intelligent data capture among the world’s leading ECM and ERP platforms.
- Worked intimately with the Institute of Financial Operations, the premier association for finance professionals, to bridge the gap between innovative technologies and the community of professionals whose routines stand to benefit from alignment with those technologies. In addition to partnering for numerous industry events in the U.S. and U.K., Brainware became the first software vendor to CAPA-certify its entire sales group, demonstrating the company’s commitment to working with the financial operations community as a knowledgeable partner for achieving world-class performance.
- Supported the recognition of Shell, Old Dominion Freight Line and Gardner Denver as they were honored for their successful deployments of intelligent data capture and process transformation. These and other customer success stories were profiled in such publications as Healthcare Financial Management, Profit Online, Business Finance and imageSource.
- Expanded European operations to a new sales office in Central London, in addition to increasing personnel at the company’s EMEA headquarters in Neuchâtel, Switzerland. In total, Brainware’s ranks swelled by more than 50% in 2011 alone. Furthermore, the company created a public-private partnership with Haute Ecole Arc (HE-Arc) in Neuchâtel, establishing a technical program that will enable today’s talent to develop the technologies to serve the business IT community for generations to come.
“Despite the clear economic downturn we have observed globally since 2008, Brainware’s average contract value has nearly tripled in that period, a clear demonstration of the value our software offers to enterprises that are committed to sustainability and growth regardless of market pressures,” said Carl E. Mergele, Chief Executive Officer at Brainware. “By expanding our presence through multiple channels, including partnerships with some of the largest and most trusted names in IT, cloud-based delivery of our intelligent data capture technology, expansion across all document-driven processes within the enterprise, unparalleled collaboration with financial professionals and more, Brainware is relentless in meeting the challenge of fulfilling the business process automation needs of Global 2000 clientele.”
Wednesday, January 18, 2012
Healthcare Payments Automation Summit (HPAS 2012) to Feature Brainware Customer Success Stories
Conference Highlights Visionary Concepts, Proven Best Practices in Healthcare
January 18, 2012, Ashburn, VA—Brainware, Inc., recipient of the 2012 PayStream Advisors Technology Excellence Award for Healthcare Supply Chain, will be presenting and exhibiting at the Healthcare Payments Automation Summit (HPAS 2012), taking place January 26-28 at the Disney Contemporary Resort in Orlando, Florida. HPAS 2012 brings together healthcare payers, providers and third-party processors, as well as leading financial institutions and technology solutions vendors, to share actionable ideas and automation techniques for driving costs and complexity out of payments and accounts payable processes.
The conference agenda will include insights from several of Brainware’s esteemed customers in the healthcare field, as well as a session with Brainware’s Vice President of Marketing, Charles Kaplan.
On Friday, January 27, Robert Banwart, Director of Accounts Payable for Resurrection Health Care, will be discussing Resurrection’s strategy and tactics used in transforming the provider’s accounts payable operation from a paper-based process to a 99% electronic transaction environment.
Later that day, Robin Balliet and Jennifer Westhoff, Business Solutions Supervisor and Business Solutions Operations Coordinator for Mayo Clinic, will be presenting the latest developments in the Clinic’s award-winning automation project, including lessons learned and new opportunities created for the world-renowned provider.
On Saturday, January 28, Karen Haville, Financial Systems Analyst for Gundersen Lutheran Health System, will be giving a thorough presentation detailing Gundersen Lutheran’s experience in moving from a manual accounts payable process to a highly automated one, leveraging a combined solution from Brainware and Ascend Software.
“IDC research suggests the healthcare industry lags behind when it comes to the automation of back office processes, which means that considerable funds and manpower are being wasted on shuffling paper, resources that would be better spent on delivering patient care,” said Kaplan. “The success of providers like Mayo Clinic, Gundersen Lutheran and Resurrection offer resounding proof that intelligent data capture technology is the key to freeing those resources, turning slow, error-prone, manual data entry routines into efficient, transparent, well-oiled machines for generating profit and opportunity in healthcare.”
To learn more about the benefits of automating document-based processes in healthcare operations with intelligent data capture, read “Transforming the Back Office With a Single Keystroke,” from the September 2011 issue of Healthcare Financial Management. To view Brainware’s on-demand webinar today, “Resurrection Health Care Transforms Document Processing with Intelligent Data Capture,” click here.
January 18, 2012, Ashburn, VA—Brainware, Inc., recipient of the 2012 PayStream Advisors Technology Excellence Award for Healthcare Supply Chain, will be presenting and exhibiting at the Healthcare Payments Automation Summit (HPAS 2012), taking place January 26-28 at the Disney Contemporary Resort in Orlando, Florida. HPAS 2012 brings together healthcare payers, providers and third-party processors, as well as leading financial institutions and technology solutions vendors, to share actionable ideas and automation techniques for driving costs and complexity out of payments and accounts payable processes.
The conference agenda will include insights from several of Brainware’s esteemed customers in the healthcare field, as well as a session with Brainware’s Vice President of Marketing, Charles Kaplan.
On Friday, January 27, Robert Banwart, Director of Accounts Payable for Resurrection Health Care, will be discussing Resurrection’s strategy and tactics used in transforming the provider’s accounts payable operation from a paper-based process to a 99% electronic transaction environment.
Later that day, Robin Balliet and Jennifer Westhoff, Business Solutions Supervisor and Business Solutions Operations Coordinator for Mayo Clinic, will be presenting the latest developments in the Clinic’s award-winning automation project, including lessons learned and new opportunities created for the world-renowned provider.
On Saturday, January 28, Karen Haville, Financial Systems Analyst for Gundersen Lutheran Health System, will be giving a thorough presentation detailing Gundersen Lutheran’s experience in moving from a manual accounts payable process to a highly automated one, leveraging a combined solution from Brainware and Ascend Software.
“IDC research suggests the healthcare industry lags behind when it comes to the automation of back office processes, which means that considerable funds and manpower are being wasted on shuffling paper, resources that would be better spent on delivering patient care,” said Kaplan. “The success of providers like Mayo Clinic, Gundersen Lutheran and Resurrection offer resounding proof that intelligent data capture technology is the key to freeing those resources, turning slow, error-prone, manual data entry routines into efficient, transparent, well-oiled machines for generating profit and opportunity in healthcare.”
To learn more about the benefits of automating document-based processes in healthcare operations with intelligent data capture, read “Transforming the Back Office With a Single Keystroke,” from the September 2011 issue of Healthcare Financial Management. To view Brainware’s on-demand webinar today, “Resurrection Health Care Transforms Document Processing with Intelligent Data Capture,” click here.
Thursday, January 12, 2012
Leading Distributor of Products to Construction Industry Selects Brainware
Brainware Distiller to Automate Accounts Payable in Deal Worth More than a Million Dollars
January 11, 2012, Ashburn, VA—Brainware, Inc., the market share leader for intelligent data capture, announced today that a U.S.-based product distributor serving the construction and retail hardware industries has selected Brainware Distiller to enable greater efficiency, visibility and productivity in the automation of accounts payable operations, streamlining the processing of invoices, expense reports and other AP documents. The transaction is valued at over one million dollars.
In choosing Brainware Distiller, the customer cited the application’s demonstrated ability to interface readily with their Microsoft SQL Server database and JD Edwards ERP platforms, scalability to handle increased document processing as additional business units are consolidated and unparalleled performance in processing invoice data hands-free. In addition to superior out-of-the box capture of header and line-item data, the application will offer on-demand metrics and analytics, optimizing visibility and creating greater opportunities for strategic cash management.
“For businesses that are experiencing growth through acquisition, the effective, efficient consolidation of back office operations can pose a significant challenge, requiring the reconciliation of diverse processes and legacy IT platforms,” said Carl E. Mergele, Chief Executive Officer at Brainware. “By providing the ability to capture and reconcile data across diverse transactional and content management applications, Brainware enables complex enterprises to achieve world-class performance in accounts payable without increasing headcount.”
Wednesday, January 4, 2012
Large European BPO Inks Multi-Million Dollar Deal with Brainware for F&A Automation
Enables Firm to Expand Operations While Significantly Reducing Manual Transaction Processing
January 4, 2012, Ashburn, VA—Brainware, Inc. announced today that a major European provider of business services for finance and accounting has selected Brainware Distiller for the efficient automation of invoice processing, as well as other financial documents. This contract, which is valued at more than $2 million, will enable the customer to capture and reconcile header and line item data from millions of pages annually.
The customer selected Distiller on the basis of the unique proposition it offers business process outsourcers (BPOs) and shared service centers. By minimizing the need for manual data entry of information from complex documents such as invoices and remittances, services can be rendered more quickly and with greater accuracy, ensuring the firm’s ability to hit customer SLAs; additionally, streamlining the process enables the BPO to accept more contracts while reducing current staff levels.
“Leading BPOs are turning to automation to help them scale their operations and offer new and higher value-added services to their customers,” said Carl E. Mergele, Chief Executive Officer at Brainware. “Brainware’s technology is a platform for processing data in any language with minimal human intervention. By automating transaction processing with new and disruptive technology like Distiller, business services providers can profitably enter new markets and offer new services without continually adding new headcount.”
January 4, 2012, Ashburn, VA—Brainware, Inc. announced today that a major European provider of business services for finance and accounting has selected Brainware Distiller for the efficient automation of invoice processing, as well as other financial documents. This contract, which is valued at more than $2 million, will enable the customer to capture and reconcile header and line item data from millions of pages annually.
The customer selected Distiller on the basis of the unique proposition it offers business process outsourcers (BPOs) and shared service centers. By minimizing the need for manual data entry of information from complex documents such as invoices and remittances, services can be rendered more quickly and with greater accuracy, ensuring the firm’s ability to hit customer SLAs; additionally, streamlining the process enables the BPO to accept more contracts while reducing current staff levels.
“Leading BPOs are turning to automation to help them scale their operations and offer new and higher value-added services to their customers,” said Carl E. Mergele, Chief Executive Officer at Brainware. “Brainware’s technology is a platform for processing data in any language with minimal human intervention. By automating transaction processing with new and disruptive technology like Distiller, business services providers can profitably enter new markets and offer new services without continually adding new headcount.”
Wednesday, December 28, 2011
Brainware to Present at 14th Annual Needham Growth Conference
December 28, 2011, Ashburn, VA—Brainware, Inc., the market share leader for intelligent data capture, announced today that company executives will present at the 14th Annual Needham Growth Conference being held at the New York Palace Hotel in New York City from January 10-12. Charles Kaplan, Vice President of Marketing at Brainware, will be leading the presentation at 2:10 p.m. EST on Wednesday, January 11.
Brainware management will be available for one-on-one meetings during the event and interested parties may schedule meetings through their Needham sales representative.
About the 14th Annual Needham Growth Conference
Needham and Company, LLC's 14th Annual Growth Conference is the forum for public and private institutional investors to kick-off 2012 and seek out new investment opportunities. This conference remains one of the largest and most innovative growth conferences on Wall Street. Over 325 companies will present, including some of the most interesting companies that went public in 2011. You will hear the latest updates and trends for the coming year from leading senior management teams in the Clean Technology, Communications, Consumer, Enterprise Infrastructure, Healthcare, Industrial & Diversified Growth, Internet & Digital Media, Semiconductors & Semiconductor Equipment and Software & Services sectors. Approximately twenty percent of the NGC’s presenters will be later stage private companies to showcase our continued commitment to tomorrow’s leaders today. Close to 1,500 institutional investors and 150 venture capital professionals are expected to be in attendance. Over the course of three days, attendees may participate in moderated presentations inclusive of Q&A with companies as well as thematic panels with industry professionals. One-on-one meetings will be available for qualified institutional investors and venture capital firms. Please contact your Needham salesperson for registration details as space is limited.
Brainware management will be available for one-on-one meetings during the event and interested parties may schedule meetings through their Needham sales representative.
About the 14th Annual Needham Growth Conference
Needham and Company, LLC's 14th Annual Growth Conference is the forum for public and private institutional investors to kick-off 2012 and seek out new investment opportunities. This conference remains one of the largest and most innovative growth conferences on Wall Street. Over 325 companies will present, including some of the most interesting companies that went public in 2011. You will hear the latest updates and trends for the coming year from leading senior management teams in the Clean Technology, Communications, Consumer, Enterprise Infrastructure, Healthcare, Industrial & Diversified Growth, Internet & Digital Media, Semiconductors & Semiconductor Equipment and Software & Services sectors. Approximately twenty percent of the NGC’s presenters will be later stage private companies to showcase our continued commitment to tomorrow’s leaders today. Close to 1,500 institutional investors and 150 venture capital professionals are expected to be in attendance. Over the course of three days, attendees may participate in moderated presentations inclusive of Q&A with companies as well as thematic panels with industry professionals. One-on-one meetings will be available for qualified institutional investors and venture capital firms. Please contact your Needham salesperson for registration details as space is limited.
Thursday, December 22, 2011
Brainware Opens London Office
Company Continues EMEA Expansion
December 22, 2011, Ashburn, VA—Brainware, Inc. announced today the opening of its newest office in London, England. The expansion to this location demonstrates the company’s ongoing commitment to serving the needs of Global 2000 companies in the region.
“As one of the true epicenters of the financial world, London offers an ideal location for linking Brainware’s technology with the business leaders who stand to reap great rewards from its applications for document processing,” said Sean Burke, Brainware’s Vice President of Sales—EMEA. “Nearly half of Brainware’s revenues come from this region, and as our software is easily adaptable to address diverse needs of languages, reporting, VAT and other nuances inherent to commerce here, the opportunities for growth are limitless. Our London office represents another step forward in achieving Brainware’s strategy for global expansion.”
This development comes four months after Brainware announced the expansion of its operations in Neuchâtel, Switzerland.
December 22, 2011, Ashburn, VA—Brainware, Inc. announced today the opening of its newest office in London, England. The expansion to this location demonstrates the company’s ongoing commitment to serving the needs of Global 2000 companies in the region.
“As one of the true epicenters of the financial world, London offers an ideal location for linking Brainware’s technology with the business leaders who stand to reap great rewards from its applications for document processing,” said Sean Burke, Brainware’s Vice President of Sales—EMEA. “Nearly half of Brainware’s revenues come from this region, and as our software is easily adaptable to address diverse needs of languages, reporting, VAT and other nuances inherent to commerce here, the opportunities for growth are limitless. Our London office represents another step forward in achieving Brainware’s strategy for global expansion.”
This development comes four months after Brainware announced the expansion of its operations in Neuchâtel, Switzerland.
Thursday, December 15, 2011
Resurrection Health Care Achieves 94% Field Data Extraction with Brainware Distiller for Invoices
Provider Reduces Paper-Based Document Processing by 77%, Eliminates Long-Term Paper Storage
December 15, 2011, Ashburn, VA—Brainware, Inc. is proud to report that Resurrection Health Care, which recently completed a merger with Provena Health to become the largest Catholic health care system in Illinois, has successfully implemented Brainware Distiller on Microsoft SQL Server for the efficient processing of accounts payable documents into a McKesson ERP. The provider is achieving field extraction rates of 94% on PO-based invoices, and has reduced paper-based processing from 87% to 10% in 2011. Resurrection selected Distiller following a rigorous evaluation that included competitive offerings from Kofax and EMC Captiva.
“Healthcare reform legislation has called for a consolidation of hospital systems, upgraded IT infrastructures and the implementation of new technologies that relieve the administrative burdens placed on operational management and staff,” said Robert Banwart, Director of Accounts Payable at Resurrection Health Care. “We rejected e-invoicing because it could never provide a comprehensive solution, and outsourcing posed substantial long-term cost burdens. OCR-based data capture was therefore deemed most promising, and Brainware was the only vendor with a demonstrable capability for processing transactions in a touchless fashion.”
Banwart also spoke to the heightened level of process visibility achieved with Brainware. “In addition to transforming the routine for processing invoices, expense reports and other document types from ‘data entry and paper handling’ to ‘analysis and exception handling,’ the software provides a vastly improved audit trail, as well as a consistent method for discrepancy resolution,” he added. “Furthermore, Brainware’s specialists brought a level of experience that enabled us to better align the application with our long-term business objectives; the implementation process even helped to uncover weaknesses in our prior routines.”
Banwart noted that Brainware’s offering for enterprise search, Brainware Globalbrain, was helping his department to quickly retrieve previously scanned documents and review all physician payments. By creating a scalable, searchable archive for structured and unstructured data, Resurrection is able to convert its documents into electronic images, negating the need to physically store seven years’ worth of paper files.
“Faced with the seismic changes inherent to federal healthcare reform legislation, providers like Resurrection Health Care seek compelling technologies that streamline outdated, labor-intensive processes,” said Carl E. Mergele, Chief Executive Officer at Brainware. “Brainware’s applications stand alone in their ability to capture field and line item data right out of the box, scale to increasing volumes and provide a platform for automating multiple processes, enabling providers to divert valuable resources out of the back office and into treatment and research.”
“Because these (intelligent data capture) systems can completely eliminate the need for manual touch for a large percentage of an organization’s invoices, the organization can substantially reduce staffing required and the ROI is an order of magnitude higher,” said Melissa Webster, Vice President at IDC. “Unlike EDI or e-invoicing, they do not require suppliers to make changes to their internal systems or the way they do business.”
To view the complete case study presentation, “Resurrection Health Care: Transforming Document Processing with Intelligent Data Capture,” click here.
Robert Banwart will also be presenting his case study at the Healthcare Payments Automation Summit, taking place February 26-28 at the Disney Contemporary Resort in Orlando, Florida.
Resurrection Health Care is part of a new health care ministry. This new health care organization is a family of Catholic, not-for profit, healthcare services providing advanced medical care and exceptional service with compassion and hope. With locations in Chicago and its collar counties, as well as in East-Central Illinois, it is the largest Catholic health provider in Illinois, encompassing 12 hospitals, 28 long term care and senior residential facilities, numerous outpatient services, clinics, home health services, hospice, private duty and comprehensive Behavioral Health services. The new ministry is sponsored by the Franciscan Sisters of the Sacred Heart, the Servants of the Holy Heart of Mary and the Sisters of the Holy Family, Sisters of Mercy of the Americas and the Sisters of the Resurrection. Visit www.provena.org and www.reshealth.org to learn more about these ministries.
December 15, 2011, Ashburn, VA—Brainware, Inc. is proud to report that Resurrection Health Care, which recently completed a merger with Provena Health to become the largest Catholic health care system in Illinois, has successfully implemented Brainware Distiller on Microsoft SQL Server for the efficient processing of accounts payable documents into a McKesson ERP. The provider is achieving field extraction rates of 94% on PO-based invoices, and has reduced paper-based processing from 87% to 10% in 2011. Resurrection selected Distiller following a rigorous evaluation that included competitive offerings from Kofax and EMC Captiva.
“Healthcare reform legislation has called for a consolidation of hospital systems, upgraded IT infrastructures and the implementation of new technologies that relieve the administrative burdens placed on operational management and staff,” said Robert Banwart, Director of Accounts Payable at Resurrection Health Care. “We rejected e-invoicing because it could never provide a comprehensive solution, and outsourcing posed substantial long-term cost burdens. OCR-based data capture was therefore deemed most promising, and Brainware was the only vendor with a demonstrable capability for processing transactions in a touchless fashion.”
Banwart also spoke to the heightened level of process visibility achieved with Brainware. “In addition to transforming the routine for processing invoices, expense reports and other document types from ‘data entry and paper handling’ to ‘analysis and exception handling,’ the software provides a vastly improved audit trail, as well as a consistent method for discrepancy resolution,” he added. “Furthermore, Brainware’s specialists brought a level of experience that enabled us to better align the application with our long-term business objectives; the implementation process even helped to uncover weaknesses in our prior routines.”
Banwart noted that Brainware’s offering for enterprise search, Brainware Globalbrain, was helping his department to quickly retrieve previously scanned documents and review all physician payments. By creating a scalable, searchable archive for structured and unstructured data, Resurrection is able to convert its documents into electronic images, negating the need to physically store seven years’ worth of paper files.
“Faced with the seismic changes inherent to federal healthcare reform legislation, providers like Resurrection Health Care seek compelling technologies that streamline outdated, labor-intensive processes,” said Carl E. Mergele, Chief Executive Officer at Brainware. “Brainware’s applications stand alone in their ability to capture field and line item data right out of the box, scale to increasing volumes and provide a platform for automating multiple processes, enabling providers to divert valuable resources out of the back office and into treatment and research.”
“Because these (intelligent data capture) systems can completely eliminate the need for manual touch for a large percentage of an organization’s invoices, the organization can substantially reduce staffing required and the ROI is an order of magnitude higher,” said Melissa Webster, Vice President at IDC. “Unlike EDI or e-invoicing, they do not require suppliers to make changes to their internal systems or the way they do business.”
To view the complete case study presentation, “Resurrection Health Care: Transforming Document Processing with Intelligent Data Capture,” click here.
Robert Banwart will also be presenting his case study at the Healthcare Payments Automation Summit, taking place February 26-28 at the Disney Contemporary Resort in Orlando, Florida.
Resurrection Health Care is part of a new health care ministry. This new health care organization is a family of Catholic, not-for profit, healthcare services providing advanced medical care and exceptional service with compassion and hope. With locations in Chicago and its collar counties, as well as in East-Central Illinois, it is the largest Catholic health provider in Illinois, encompassing 12 hospitals, 28 long term care and senior residential facilities, numerous outpatient services, clinics, home health services, hospice, private duty and comprehensive Behavioral Health services. The new ministry is sponsored by the Franciscan Sisters of the Sacred Heart, the Servants of the Holy Heart of Mary and the Sisters of the Holy Family, Sisters of Mercy of the Americas and the Sisters of the Resurrection. Visit www.provena.org and www.reshealth.org to learn more about these ministries.
Accounts Payable Processing: Room for Improvement
During yesterday's webinar, "Global Trends in Automated Data Capture in Accounts Payable," we asked a series of questions to gain insight into our audience of AP and other finance professionals. We learned:
- 47% of respondents required more than 10 FTEs to key and correct invoice information.
- 48% of respondents represented an organization that processed, on average, more than 10,000 invoices per month.
- 54% replied that it took an average of 12 or more days ro pay an invoice.
- 52% reported an average cost of more than $5 to process each invoice.
- 61% reported that their organization did not use automated data capture for accounts payable.
- Lower costs were perceived to be the biggest benefit to using automated data capture (34%), followed by faster turnaround (24%), better reporting/visibility (17%), better capture of early payment discounts (14%) and fewer errors (11%).
- 32% cited lack of budget as being the biggest barrier to deploying automated data capture, followed by lack of resources to support such a project (28%), lack of suitable solutions (15%), lack of business case (15%) and lack of executive sponsorship (10%).
For more insight into the state of automated data capture in accounts payable, including feedback from hundreds of financial professionals globally, click here to read the full report or click here to view the complete webinar on-demand.
Thursday, December 8, 2011
The Institute of Financial Operations Commends Brainware for Their Commitment to Financial Operations
Brainware Becomes First to CAPA-Certify Entire Sales Force
December 8, 2011, Ashburn, VA and Orlando, FL— This week, Brainware, Inc. became the first software vendor to achieve Certified Accounts Payable Associate (CAPA) certification from the Institute of Financial Operations for its entire eligible staff of Business Analysts and Account Executives. In addition to binding designees to a professional Code of Ethics, certification assures a thorough knowledge of—and ability to successfully navigate—the challenges and demands of working in an accounts payable operation.
According to the Institute, hundreds of organizations recognize the value of certification, including Baylor Health Care System, Defense Finance and Accounting Service, Genentech, General Motors, Microsoft, PricewaterhouseCoopers, Quest Diagnostics, T-Mobile, Wal-Mart Stores, Yale University and others.
“As the only accounts payable certification program recognized by the United States government, CAPA provides financial directors with the peace of mind in knowing that their personnel understand the complexities and proven best practices associated with that responsibility,” said Thomas M. Bohn, President and CEO of the Institute of Financial Operations. “It is unprecedented for a software vendor to hold its own sales team to that same level of aptitude, and I believe this demonstrates Brainware’s leadership in partnering with the accounts payable community to achieve mutual success for enterprises worldwide.”
“Brainware strives to take a long-term view of customer service, not merely selling technology that enables stronger operational performance, but establishing a partnership that ensures sustainable success and opportunity in meeting and exceeding that customer’s needs,” said Carl E. Mergele, Chief Executive Officer at Brainware. “By qualifying our account representatives with a rigorous program that leaves no stone unturned in conveying the routines, challenges and unique perspectives of the accounts payable professional, Brainware intends to set a high bar in delivering solutions that translate to faster document processing, fewer errors, more early payment discounts, greater control and a significant boost to the organization’s bottom line—a true complement to established best practices.”
To join Brainware and the Institute of Financial Operations for a webinar discussing “Global Trends in Automated Data Capture in Accounts Payable,” taking place on Wednesday, December 14, click here. For a copy of the 2011 Global Trends report, click here.
About The Institute, IAPP, IARP, NAPP and TAWPI
The Institute of Financial Operations is the umbrella association comprising four membership affiliates for finance professionals: International Accounts Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP), the National Association of Purchasing & Payables (NAPP) and The Association for Work Process Improvement (TAWPI). Based in Orlando, Florida, with offices in Boston and London, The Institute serves as a global voice, chief advocate, recognized authority, acknowledged leader and principal educator for people in financial operations, with a particular focus on accounts payable, accounts receivable, automation, data capture and procure-to-pay. Combined, the affiliates have more than 6,000 members.
December 8, 2011, Ashburn, VA and Orlando, FL— This week, Brainware, Inc. became the first software vendor to achieve Certified Accounts Payable Associate (CAPA) certification from the Institute of Financial Operations for its entire eligible staff of Business Analysts and Account Executives. In addition to binding designees to a professional Code of Ethics, certification assures a thorough knowledge of—and ability to successfully navigate—the challenges and demands of working in an accounts payable operation.
According to the Institute, hundreds of organizations recognize the value of certification, including Baylor Health Care System, Defense Finance and Accounting Service, Genentech, General Motors, Microsoft, PricewaterhouseCoopers, Quest Diagnostics, T-Mobile, Wal-Mart Stores, Yale University and others.
“As the only accounts payable certification program recognized by the United States government, CAPA provides financial directors with the peace of mind in knowing that their personnel understand the complexities and proven best practices associated with that responsibility,” said Thomas M. Bohn, President and CEO of the Institute of Financial Operations. “It is unprecedented for a software vendor to hold its own sales team to that same level of aptitude, and I believe this demonstrates Brainware’s leadership in partnering with the accounts payable community to achieve mutual success for enterprises worldwide.”
“Brainware strives to take a long-term view of customer service, not merely selling technology that enables stronger operational performance, but establishing a partnership that ensures sustainable success and opportunity in meeting and exceeding that customer’s needs,” said Carl E. Mergele, Chief Executive Officer at Brainware. “By qualifying our account representatives with a rigorous program that leaves no stone unturned in conveying the routines, challenges and unique perspectives of the accounts payable professional, Brainware intends to set a high bar in delivering solutions that translate to faster document processing, fewer errors, more early payment discounts, greater control and a significant boost to the organization’s bottom line—a true complement to established best practices.”
To join Brainware and the Institute of Financial Operations for a webinar discussing “Global Trends in Automated Data Capture in Accounts Payable,” taking place on Wednesday, December 14, click here. For a copy of the 2011 Global Trends report, click here.
About The Institute, IAPP, IARP, NAPP and TAWPI
The Institute of Financial Operations is the umbrella association comprising four membership affiliates for finance professionals: International Accounts Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP), the National Association of Purchasing & Payables (NAPP) and The Association for Work Process Improvement (TAWPI). Based in Orlando, Florida, with offices in Boston and London, The Institute serves as a global voice, chief advocate, recognized authority, acknowledged leader and principal educator for people in financial operations, with a particular focus on accounts payable, accounts receivable, automation, data capture and procure-to-pay. Combined, the affiliates have more than 6,000 members.
Wednesday, December 7, 2011
Intelligent Data Capture vs. "Snail Mail"
As you may have heard, the steady decline of paper mail is leading the United States Postal Service towards inevitable cutbacks, likely to result in slower delivery times. It is proposed that overnight service for first-class delivery will be eliminated altogether, with an average delay of .64 days for an item to reach its destination. As the world's communications find countless ways to move faster and faster, traditional "snail mail" finds itself becoming slower and slower, perhaps out of necessity. The drop in business for the USPS is a clear demonstration that highly automated, IT-driven processes are being recognized as more effective and reliable than the old, manual routines of years past.
For businesses the world over, these slower delivery periods can be damaging to financial planning and management, especially in the short term. Longer waits mean bills take longer to reach customers, slowing incoming revenues. Longer waits mean incoming bills will make suppliers more impatient, and without extensive renegotiation of contracts, this means even fewer early payment discounts can be captured. It will have a ripple effect across all industries, unless alternative methods continue to be pursued.
In the short term, I would pose that the enterprise has the clear options for overcoming this hurdle: 1) increasing the use of electronic commerce (e-mail, e-invoicing, online portals, fax, etc.); and 2) intelligent data capture technology for internal data transmission.
Electronic communications do what the Postal Service cannot--moving data from Point A to Point B in an instant. And with intelligent data capture technology, businesses are able to take paper documents and make up for lost delivery time, and then some. In addition to consolidating various types of electronic media into a single flow of input, intelligent data capture can take paper at the moment of receipt, and transform it into similarly electronic data, with much of the work often requiring no human preparation whatsoever. By enabling instant routing of all data from the mailroom to the boardroom, this technology provides speed and control that had been previously robbed by long wait periods.
When internal processes consist of near-100% electronic data, extraordinary levels of efficiency can be achieved. Maximizing the control of in-house data can minimize any impact of slow postal deliveries, regardless of the processes involved.
For businesses the world over, these slower delivery periods can be damaging to financial planning and management, especially in the short term. Longer waits mean bills take longer to reach customers, slowing incoming revenues. Longer waits mean incoming bills will make suppliers more impatient, and without extensive renegotiation of contracts, this means even fewer early payment discounts can be captured. It will have a ripple effect across all industries, unless alternative methods continue to be pursued.
In the short term, I would pose that the enterprise has the clear options for overcoming this hurdle: 1) increasing the use of electronic commerce (e-mail, e-invoicing, online portals, fax, etc.); and 2) intelligent data capture technology for internal data transmission.
Electronic communications do what the Postal Service cannot--moving data from Point A to Point B in an instant. And with intelligent data capture technology, businesses are able to take paper documents and make up for lost delivery time, and then some. In addition to consolidating various types of electronic media into a single flow of input, intelligent data capture can take paper at the moment of receipt, and transform it into similarly electronic data, with much of the work often requiring no human preparation whatsoever. By enabling instant routing of all data from the mailroom to the boardroom, this technology provides speed and control that had been previously robbed by long wait periods.
When internal processes consist of near-100% electronic data, extraordinary levels of efficiency can be achieved. Maximizing the control of in-house data can minimize any impact of slow postal deliveries, regardless of the processes involved.
Tuesday, December 6, 2011
Brainware Expands Active Patent Portfolio
New Innovations Support Brainware’s Visions for Automation
December 5, 2011, Ashburn, VA—According to a recent Gartner report (“Gartner’s Top Predictions for IT Organizations and Users, 2012 and Beyond: Control Slips Away”), it is predicted that data will grow 800% in the next five years, with 80% of it being unstructured. Furthermore, more than 85% of Fortune 500 organizations are expected to fail to effectively exploit big data for competitive advantage in that period. The report notes, “collecting and analyzing the data is not enough—it must be presented in a timely fashion so that decisions are made as a direct consequence that have a material impact on the productivity, profitability or efficiency of the organization.”
In an ongoing commitment to addressing the most difficult challenges in management of unstructured information, Brainware, Inc. has announced that the portfolio of patented technology underlying its software has increased to 20 issued patents and 40 additional pending patent applications. These technologies help Brainware provide the world’s best companies with science-driven business applications that enable them to process unstructured information more efficiently, faster and with fewer errors than other commercially available solutions.
The patented technologies that underpin Brainware Distiller and Globalbrain solutions include proprietary methods for neural-network based document classification, context-based data extraction and an associative memory-based N-gram statistical method for search. The approaches are inherently document-agnostic and language independent, making them effective for use in myriad applications and business processes. Brainware has excelled in applying Distiller and Globalbrain for Purchase-to-Pay, Order-to-Cash, Remittance Processing, Mailroom Automation and many other applications, using the same core technologies.
“Having devoted more than $100 million towards research and development of its core technologies, Brainware offers complex businesses the tools they need to tame the overwhelming realities posed by big data,” said David Luzier, Chief Technology Officer at Brainware. “Freeing users from need to specify keywords, anchors, zones, templates and other IT-intensive methods, our scientists have come up with new ways that are more powerful, flexible and easy to use. As the name ‘Brainware’ implies, we’ve made it a mission to invent new ways of handling the most complex types of information, supporting and even replacing tasks that are necessarily manual today.”
In a recent study on Global Trends in Automated Data Capture, Brainware Distiller emerged as the market share leader for intelligent data capture.
December 5, 2011, Ashburn, VA—According to a recent Gartner report (“Gartner’s Top Predictions for IT Organizations and Users, 2012 and Beyond: Control Slips Away”), it is predicted that data will grow 800% in the next five years, with 80% of it being unstructured. Furthermore, more than 85% of Fortune 500 organizations are expected to fail to effectively exploit big data for competitive advantage in that period. The report notes, “collecting and analyzing the data is not enough—it must be presented in a timely fashion so that decisions are made as a direct consequence that have a material impact on the productivity, profitability or efficiency of the organization.”
In an ongoing commitment to addressing the most difficult challenges in management of unstructured information, Brainware, Inc. has announced that the portfolio of patented technology underlying its software has increased to 20 issued patents and 40 additional pending patent applications. These technologies help Brainware provide the world’s best companies with science-driven business applications that enable them to process unstructured information more efficiently, faster and with fewer errors than other commercially available solutions.
The patented technologies that underpin Brainware Distiller and Globalbrain solutions include proprietary methods for neural-network based document classification, context-based data extraction and an associative memory-based N-gram statistical method for search. The approaches are inherently document-agnostic and language independent, making them effective for use in myriad applications and business processes. Brainware has excelled in applying Distiller and Globalbrain for Purchase-to-Pay, Order-to-Cash, Remittance Processing, Mailroom Automation and many other applications, using the same core technologies.
“Having devoted more than $100 million towards research and development of its core technologies, Brainware offers complex businesses the tools they need to tame the overwhelming realities posed by big data,” said David Luzier, Chief Technology Officer at Brainware. “Freeing users from need to specify keywords, anchors, zones, templates and other IT-intensive methods, our scientists have come up with new ways that are more powerful, flexible and easy to use. As the name ‘Brainware’ implies, we’ve made it a mission to invent new ways of handling the most complex types of information, supporting and even replacing tasks that are necessarily manual today.”
In a recent study on Global Trends in Automated Data Capture, Brainware Distiller emerged as the market share leader for intelligent data capture.
Tuesday, November 29, 2011
Fortune 50 Corporation Goes Live with Brainware Distiller on World’s Largest Single Instance of SAP
Fully Integrated Solution Delivered in Less Than 100 Days from Project Kickoff
November 28, 2011, Ashburn, VA—Brainware, Inc., the market share leader for intelligent data capture, announced today that a Fortune 50 company—and one of Fortune’s 15 most admired companies in the world— has successfully deployed Brainware Distiller for accounts payable automation in their global shared services center. This project was fully operational in less than 100 days of contracting with Brainware for invoice processing automation, and resulted in an immediate redeployment of 80% of the full-time manual data entry personnel previously being used to process this company’s 6 million invoices per year.
Following an unprecedented evaluation of technologies in the intelligent data capture market space, this customer selected Brainware Distiller over all others because of its unmatched ability to process accounts payable documents sight-unseen. Brainware’s experience in delivering invoice automation solutions to the largest companies in the world along with Distiller’s out-of-the-box extraction and validation performance made the project timeline achievable and the results undeniable.
“This company, which carries one of the most recognizable brand names on the planet, is leveraging Distiller’s powerful data extraction technology as a means to creating efficiency throughout the finance function,” said Carl Mergele, Chief Executive Officer at Brainware. “Their IT management did not believe that we could have Distiller up and running so quickly, but in a matter of weeks, the organization has already observed a clear return on investment, with faster processing times, greater accuracy, enhanced transparency, and the redirection of both human and financial resources towards other priorities. That this customer has implemented our software as part of the largest single instance of SAP in the world demonstrates Brainware’s versatility in scaling to the needs of even the most complex operations, right out of the box.”
November 28, 2011, Ashburn, VA—Brainware, Inc., the market share leader for intelligent data capture, announced today that a Fortune 50 company—and one of Fortune’s 15 most admired companies in the world— has successfully deployed Brainware Distiller for accounts payable automation in their global shared services center. This project was fully operational in less than 100 days of contracting with Brainware for invoice processing automation, and resulted in an immediate redeployment of 80% of the full-time manual data entry personnel previously being used to process this company’s 6 million invoices per year.
Following an unprecedented evaluation of technologies in the intelligent data capture market space, this customer selected Brainware Distiller over all others because of its unmatched ability to process accounts payable documents sight-unseen. Brainware’s experience in delivering invoice automation solutions to the largest companies in the world along with Distiller’s out-of-the-box extraction and validation performance made the project timeline achievable and the results undeniable.
“This company, which carries one of the most recognizable brand names on the planet, is leveraging Distiller’s powerful data extraction technology as a means to creating efficiency throughout the finance function,” said Carl Mergele, Chief Executive Officer at Brainware. “Their IT management did not believe that we could have Distiller up and running so quickly, but in a matter of weeks, the organization has already observed a clear return on investment, with faster processing times, greater accuracy, enhanced transparency, and the redirection of both human and financial resources towards other priorities. That this customer has implemented our software as part of the largest single instance of SAP in the world demonstrates Brainware’s versatility in scaling to the needs of even the most complex operations, right out of the box.”
Tuesday, November 22, 2011
Fortune 500 Electronics Manufacturer Chooses Brainware Distiller
Brainware Closes $1.3 Million Deal to Deliver Efficiency, Control, Productivity
November 21, 2011, Ashburn, VA—Brainware, Inc., the market share leader for intelligent data capture, announced today that a U.S.-based global electronics manufacturer, supply chain services provider and Fortune 500 company has selected Brainware Distiller for increased efficiency, productivity and control in accounts payable processing. The customer will leverage Distiller’s powerful technology to fully automate its end-to-end accounts payable process. This implementation supplements a move of accounts payable operations to the global shared services model for greater process efficiency.
Brainware is pleased that in the last year it has closed 15 transactions that exceed $750,000, of which 10 exceed $1 million. These sales represent clients across a broad range of industries, including healthcare, manufacturing, entertainment, energy, finance and more.
“Brainware Distiller commands a premium because no other competitor can approach Distiller’s superior level of automation and operational transformation observed in accounts payable, accounts receivable, mailroom processing and more,” said Carl Mergele, Chief Executive Officer at Brainware. “By providing the highest levels of field and line-item data extraction available, as well as optimal visibility throughout the process, our software transforms the back office into a source of profit for these businesses. Headcount can be shifted to more value-added functions, management is empowered to take a more strategic approach to finance, and the level of responsiveness—towards both suppliers and customers—is raised to world-class levels.”
To learn more about the real-world benefits of implementing intelligent data capture technology in the accounts payable space, read the latest report published by the Institute of Financial Operations, “2011 Global Trends in Automated Data Capture in Accounts Payable,” today.
November 21, 2011, Ashburn, VA—Brainware, Inc., the market share leader for intelligent data capture, announced today that a U.S.-based global electronics manufacturer, supply chain services provider and Fortune 500 company has selected Brainware Distiller for increased efficiency, productivity and control in accounts payable processing. The customer will leverage Distiller’s powerful technology to fully automate its end-to-end accounts payable process. This implementation supplements a move of accounts payable operations to the global shared services model for greater process efficiency.
Brainware is pleased that in the last year it has closed 15 transactions that exceed $750,000, of which 10 exceed $1 million. These sales represent clients across a broad range of industries, including healthcare, manufacturing, entertainment, energy, finance and more.
“Brainware Distiller commands a premium because no other competitor can approach Distiller’s superior level of automation and operational transformation observed in accounts payable, accounts receivable, mailroom processing and more,” said Carl Mergele, Chief Executive Officer at Brainware. “By providing the highest levels of field and line-item data extraction available, as well as optimal visibility throughout the process, our software transforms the back office into a source of profit for these businesses. Headcount can be shifted to more value-added functions, management is empowered to take a more strategic approach to finance, and the level of responsiveness—towards both suppliers and customers—is raised to world-class levels.”
To learn more about the real-world benefits of implementing intelligent data capture technology in the accounts payable space, read the latest report published by the Institute of Financial Operations, “2011 Global Trends in Automated Data Capture in Accounts Payable,” today.
Monday, November 14, 2011
Brainware Emerges as Market Leader for Intelligent Data Capture: 2011 Survey
Institute of Financial Operations Benchmarks Trends in Data Capture for Accounts Payable
November 14, 2011, Ashburn, VA—Brainware, Inc. and The Institute of Financial Operations announce the publication of “Global Trends in Automated Data Capture in Accounts Payable,” a report that culminates the comprehensive survey of accounts payable professionals across numerous industries globally. This report, which was conducted by the Institute, was unveiled at the recent IAPP AP Evolution 2011 conference, and builds upon last year’s ground-breaking study that looked at automated data capture as a unique enabler of efficiency and control for accounts payable.
Among the report’s findings:
“This year, I’m proud to note that Brainware has emerged as the market share leader in automated/intelligent data capture,” said Charles Kaplan, VP of Marketing at Brainware. “In the course of more than 400 implementations of Brainware software for customers who are processing nearly 2 billion pages of invoices, remittances, orders, contracts and other documents each year, we’ve gained significant insight into the needs of the largest and most complex organizations in the world. Through that experience, our interactions with prospective customers and partners, and the feedback we get through survey instruments such as this year’s ‘Global Trends in Automated Data Capture in AP,’ we will continue to drive product innovation that raises the bar for what’s possible in AP efficiency.”
Read “Global Trends in Automated Data Capture in Accounts Payable” in its entirety.
About The Institute, IAPP, IARP, NAPP and TAWPI
The Institute of Financial Operations is the umbrella association comprising four membership affiliates for finance professionals: International Accounts Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP), the National Association of Purchasing & Payables (NAPP) and The Association for Work Process Improvement (TAWPI). Based in Orlando, Florida, with offices in Boston and London, The Institute serves as a global voice, chief advocate, recognized authority, acknowledged leader and principal educator for people in financial operations, with a particular focus on accounts payable, accounts receivable, automation, data capture and procure-to-pay. Combined, the affiliates have more than 6,000 members.
November 14, 2011, Ashburn, VA—Brainware, Inc. and The Institute of Financial Operations announce the publication of “Global Trends in Automated Data Capture in Accounts Payable,” a report that culminates the comprehensive survey of accounts payable professionals across numerous industries globally. This report, which was conducted by the Institute, was unveiled at the recent IAPP AP Evolution 2011 conference, and builds upon last year’s ground-breaking study that looked at automated data capture as a unique enabler of efficiency and control for accounts payable.
Among the report’s findings:
- An average of 61 percent of invoices are still paper-based.
- Respondents who use automated data capture technology in their AP departments reported significantly lower costs to process their invoices than those who don’t.
- Increased reporting, compliance and audit requirements were cited as the most common driver for implementing automated data capture. Accordingly, “better reporting and visibility” was cited as the greatest benefit for respondents already leveraging such applications.
- Among respondents currently using intelligent data capture technology for invoice processing, Brainware Distiller was cited as the most commonly-used solution.
“These findings demonstrate that accounts payable departments using data capture technology—especially higher volume, complex operations—hold the advantage in reducing costs, improving turnaround times and optimizing accountability over their process,” said Thomas M. Bohn, President and CEO of the Institute of Financial Operations. “Furthermore, these insights are consistent with the numerous customer case studies I’ve witnessed while hosting events with Brainware this past year.”
“This year, I’m proud to note that Brainware has emerged as the market share leader in automated/intelligent data capture,” said Charles Kaplan, VP of Marketing at Brainware. “In the course of more than 400 implementations of Brainware software for customers who are processing nearly 2 billion pages of invoices, remittances, orders, contracts and other documents each year, we’ve gained significant insight into the needs of the largest and most complex organizations in the world. Through that experience, our interactions with prospective customers and partners, and the feedback we get through survey instruments such as this year’s ‘Global Trends in Automated Data Capture in AP,’ we will continue to drive product innovation that raises the bar for what’s possible in AP efficiency.”
Read “Global Trends in Automated Data Capture in Accounts Payable” in its entirety.
About The Institute, IAPP, IARP, NAPP and TAWPI
The Institute of Financial Operations is the umbrella association comprising four membership affiliates for finance professionals: International Accounts Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP), the National Association of Purchasing & Payables (NAPP) and The Association for Work Process Improvement (TAWPI). Based in Orlando, Florida, with offices in Boston and London, The Institute serves as a global voice, chief advocate, recognized authority, acknowledged leader and principal educator for people in financial operations, with a particular focus on accounts payable, accounts receivable, automation, data capture and procure-to-pay. Combined, the affiliates have more than 6,000 members.
Monday, November 7, 2011
Brainware Brings Distiller, Globalbrain Technologies to Australia
Intelligent Data Capture Pioneers to Share Benefits of IT and Best Practices at Procure to Pay 2011
November 7, 2011, Ashburn, VA—Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that the company will be exhibiting at Procure to Pay 2011, an annual conference sponsored by the International Quality & Productivity Center, taking place November 15-17 at The Sebel Surrey Hills Sydney in Sydney, Australia. This conference brings together Chief Procurement Officers, Financial Controllers and Procurement Specialists from Australia and elsewhere to collaborate and address the issues most important to procurement operations globally.
Brainware is also pleased to acknowledge that Andre Hale, Director of Accounts Payable for Disney Worldwide Shared Services (The Walt Disney Company), will deliver the International Keynote, “Setting Up a Shared Services Organisation to Achieve a Centralised Approach” at 9:10 a.m. on November 15. Hale brings a wealth of experience in leveraging innovative technologies and best practices to ensure efficient financial processes for large-scale operations, including the implementation of data capture technologies. Hale was recently named to the Board of Directors for The Institute of Financial Operations.
“Brainware offers the most capable data capture technology in the world, scaling readily to the scope and complexity of Global 2000 companies, achieving world-leading rates of field extraction right out of the box and providing an immediate return on investment, as well as superior insight into and control over the complete process,” said Charles Kaplan, VP of Marketing at Brainware. “We welcome this opportunity to explore the latest in P2P innovation with seasoned professionals like Andre Hale, and to share Brainware’s considerable business value and success stories with the Australian market.”
November 7, 2011, Ashburn, VA—Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that the company will be exhibiting at Procure to Pay 2011, an annual conference sponsored by the International Quality & Productivity Center, taking place November 15-17 at The Sebel Surrey Hills Sydney in Sydney, Australia. This conference brings together Chief Procurement Officers, Financial Controllers and Procurement Specialists from Australia and elsewhere to collaborate and address the issues most important to procurement operations globally.
Brainware is also pleased to acknowledge that Andre Hale, Director of Accounts Payable for Disney Worldwide Shared Services (The Walt Disney Company), will deliver the International Keynote, “Setting Up a Shared Services Organisation to Achieve a Centralised Approach” at 9:10 a.m. on November 15. Hale brings a wealth of experience in leveraging innovative technologies and best practices to ensure efficient financial processes for large-scale operations, including the implementation of data capture technologies. Hale was recently named to the Board of Directors for The Institute of Financial Operations.
“Brainware offers the most capable data capture technology in the world, scaling readily to the scope and complexity of Global 2000 companies, achieving world-leading rates of field extraction right out of the box and providing an immediate return on investment, as well as superior insight into and control over the complete process,” said Charles Kaplan, VP of Marketing at Brainware. “We welcome this opportunity to explore the latest in P2P innovation with seasoned professionals like Andre Hale, and to share Brainware’s considerable business value and success stories with the Australian market.”
Wednesday, November 2, 2011
Brainware and NEC Bring Case for Intelligent Data Capture to UK AP Evolution Conference 2011
Brainware to Reveal Findings of 2011 UK AP Evolution Survey
November 2, 2011, Ashburn, VA—Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that the company will be exhibiting at UK AP Evolution Conference 2011, an annual conference sponsored by the Institute of Financial Operations to explore the latest technologies and best practices for accounts payable. The conference will be taking place November 9-10 at Wokefield Park in Reading, England.
John Dickens, UK Shared Service Centre Manager for NEC, will present “How to Provide a Quick Return on Investment in Automation Technology” at 10:45 a.m. on November 10. NEC uses Brainware Distiller technology for increased efficiency, visibility and productivity in accounts payable processing.
“Since implementing Brainware Distiller for shared services, our efficiency gain has been fantastic, with a 53 percent faster turnaround for invoices, as well as complete visibility into and control over the accounts payable process,” said Dickens. “Furthermore, our suppliers have come to realize the ease of using this system, which has resulted in more invoices being received electronically, so the data capture technology has provided a true end-to-end benefit to the process.”
“Global 2000 companies have observed the powerful capabilities our technology offers for transforming manual AP processes into well-oiled machines,” said Charles Kaplan, VP of Marketing at Brainware. “Together with the Institute of Financial Operations, Brainware has been proud to share successful case studies such as NEC’s with financial professionals worldwide.”
Kaplan will also be leading a roundtable discussion, “Trends and Insights: Findings from the 2011 UK AP Evolution Survey,” on November 9. This survey, sponsored by Brainware and conducted across a global audience of financial operations professionals, studies the adoption of best practices and emerging technologies in accounts payable. For a complimentary copy of the inaugural (2010) Global Trends survey, click here.
November 2, 2011, Ashburn, VA—Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that the company will be exhibiting at UK AP Evolution Conference 2011, an annual conference sponsored by the Institute of Financial Operations to explore the latest technologies and best practices for accounts payable. The conference will be taking place November 9-10 at Wokefield Park in Reading, England.
John Dickens, UK Shared Service Centre Manager for NEC, will present “How to Provide a Quick Return on Investment in Automation Technology” at 10:45 a.m. on November 10. NEC uses Brainware Distiller technology for increased efficiency, visibility and productivity in accounts payable processing.
“Since implementing Brainware Distiller for shared services, our efficiency gain has been fantastic, with a 53 percent faster turnaround for invoices, as well as complete visibility into and control over the accounts payable process,” said Dickens. “Furthermore, our suppliers have come to realize the ease of using this system, which has resulted in more invoices being received electronically, so the data capture technology has provided a true end-to-end benefit to the process.”
“Global 2000 companies have observed the powerful capabilities our technology offers for transforming manual AP processes into well-oiled machines,” said Charles Kaplan, VP of Marketing at Brainware. “Together with the Institute of Financial Operations, Brainware has been proud to share successful case studies such as NEC’s with financial professionals worldwide.”
Kaplan will also be leading a roundtable discussion, “Trends and Insights: Findings from the 2011 UK AP Evolution Survey,” on November 9. This survey, sponsored by Brainware and conducted across a global audience of financial operations professionals, studies the adoption of best practices and emerging technologies in accounts payable. For a complimentary copy of the inaugural (2010) Global Trends survey, click here.
Wednesday, October 26, 2011
Brainware Releases Globalbrain v5.3
Bedrock Search Application Acquires Enhanced Functionality
October 26, 2011, Ashburn, VA—Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today the release of Brainware Globalbrain v5.3, the latest evolution of the company’s signature application for enterprise search. Differentiated by its n-gram approach to contextual search, fault tolerance, language independence, and ability to scale across multiple repositories and terabytes of enterprise data, Globalbrain is the engine that underpins Brainware Distiller’s intelligent data capture technology.
In addition to such enhancements as an RSS feed and more robust performance monitoring and system audit capabilities, Globalbrain is leading the way by providing users:
“Recent protocols demand that I review all payments to physicians, to ensure each of them can be reconciled with an existing contract,” said Robert Banwart, Director of Accounts Payable at Resurrection Health Care, which currently leverages Globalbrain as a supplement to their Distiller implementation. “I use Globalbrain because it saves my department a great deal of time and effort that would otherwise be spent retrieving paper documents. Our accountants also use Globalbrain to efficiently recall invoices related to specific checks, and I anticipate the technology benefitting additional users as we continue to roll out Distiller more broadly.”
“Large enterprises globally require ever more scalable, capable technologies that allow users to maintain control over their growing data repositories,” said Charles Kaplan, VP of Marketing at Brainware. “Simple-yet-powerful applications like Globalbrain allow them to answer customer and vendor inquiries, comply with audits both internal and external, and provide the business intelligence management uses to keep their businesses healthy. Brainware has evaluated Globalbrain 5.3 under real-world circumstances on SQL Server, and we are confident that this represents the most powerful offering yet for solving customers’ ‘big data’ concerns.”
For a free, personal consultation regarding the potential Brainware Globalbrain holds for managing your organization’s vital business data, click here.
October 26, 2011, Ashburn, VA—Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today the release of Brainware Globalbrain v5.3, the latest evolution of the company’s signature application for enterprise search. Differentiated by its n-gram approach to contextual search, fault tolerance, language independence, and ability to scale across multiple repositories and terabytes of enterprise data, Globalbrain is the engine that underpins Brainware Distiller’s intelligent data capture technology.
In addition to such enhancements as an RSS feed and more robust performance monitoring and system audit capabilities, Globalbrain is leading the way by providing users:
- The ability to preview a full document—even images—with embedded highlights that match the search terms.
- Search list processing, which allows a user to upload a database list or spreadsheet as a query. This feature enables a powerful ability to cross-reference data sources; for example, it would allow governmental authorities to search checks against a terrorist watch list.
Brainware customers have selected Globalbrain search technology, as both a standalone application and a supplement to Distiller-enabled document processing efficiency, to spend less time seeking data and more time putting data to use.
“Recent protocols demand that I review all payments to physicians, to ensure each of them can be reconciled with an existing contract,” said Robert Banwart, Director of Accounts Payable at Resurrection Health Care, which currently leverages Globalbrain as a supplement to their Distiller implementation. “I use Globalbrain because it saves my department a great deal of time and effort that would otherwise be spent retrieving paper documents. Our accountants also use Globalbrain to efficiently recall invoices related to specific checks, and I anticipate the technology benefitting additional users as we continue to roll out Distiller more broadly.”
“Large enterprises globally require ever more scalable, capable technologies that allow users to maintain control over their growing data repositories,” said Charles Kaplan, VP of Marketing at Brainware. “Simple-yet-powerful applications like Globalbrain allow them to answer customer and vendor inquiries, comply with audits both internal and external, and provide the business intelligence management uses to keep their businesses healthy. Brainware has evaluated Globalbrain 5.3 under real-world circumstances on SQL Server, and we are confident that this represents the most powerful offering yet for solving customers’ ‘big data’ concerns.”
For a free, personal consultation regarding the potential Brainware Globalbrain holds for managing your organization’s vital business data, click here.
Wednesday, October 19, 2011
PayStream Advisors Honors Brainware Distiller for Technology Excellence in Healthcare Supply Chain
October 19, 2011, Ashburn, VA—Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announces that Brainware Distiller is recipient of the inaugural PayStream Advisors Technology Excellence Award for Healthcare Supply Chain. The Technology Excellence Awards recognize organizations who have demonstrated excellence and innovation in the delivery of a solution or service.
“PayStream Advisors and our Advisory Board created the Technology Excellence Awards to honor those providers who are delivering industry leading solutions,” said Henry Ijams, Managing Director and Founder, PayStream Advisors. “We are proud to present Brainware with this award.”
“Brainware offers healthcare providers a scalable, highly adaptable technology that allows these organizations to take more of their valuable resources out of the back office and into the treatment centers and research facilities that define their core mission,” said Charles Kaplan, VP of Marketing at Brainware. “Renowned patient care systems such as Mayo Clinic, Baylor Health Care System, Orlando Health, Resurrection Health Care and countless others have leveraged Distiller to realize considerable efficiency, visibility and productivity in their financial operations. We are proud to accept this award from PayStream Advisors, a respected voice for business process efficiency and best practices.”
To learn more about the benefits of intelligent data capture in healthcare, read “Transforming the Back Office With a Single Keystroke,” published in the September 2011 edition of Healthcare Financial Management.
“PayStream Advisors and our Advisory Board created the Technology Excellence Awards to honor those providers who are delivering industry leading solutions,” said Henry Ijams, Managing Director and Founder, PayStream Advisors. “We are proud to present Brainware with this award.”
“Brainware offers healthcare providers a scalable, highly adaptable technology that allows these organizations to take more of their valuable resources out of the back office and into the treatment centers and research facilities that define their core mission,” said Charles Kaplan, VP of Marketing at Brainware. “Renowned patient care systems such as Mayo Clinic, Baylor Health Care System, Orlando Health, Resurrection Health Care and countless others have leveraged Distiller to realize considerable efficiency, visibility and productivity in their financial operations. We are proud to accept this award from PayStream Advisors, a respected voice for business process efficiency and best practices.”
To learn more about the benefits of intelligent data capture in healthcare, read “Transforming the Back Office With a Single Keystroke,” published in the September 2011 edition of Healthcare Financial Management.
Wednesday, October 12, 2011
Orlando Health Selects Brainware for Document Processing Automation
Intelligent Data Capture to Enable Greater Focus on Medical Care
October 12, 2011, Ashburn, VA—Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, is pleased to welcome Orlando Health to its global client base.
“Brainware empowers the healthcare community to devote more of their resources—both human and capital—to the core mission of providing medical care,” said Carl Mergele, Chief Executive Officer at Brainware. “We are proud to welcome Orlando Health to the growing list of healthcare providers who are turning to intelligent data capture for efficiency and transparency in their operations.”
To learn more about the benefits of intelligent data capture in healthcare, read “Transforming the Back Office With a Single Keystroke,” published in the September 2011 edition of Healthcare Financial Management.
Orlando Health is one of Florida’s most comprehensive private, not-for-profit healthcare networks, and is based in Orlando, Florida. Its facilities, advanced medical treatments and procedures, and highly qualified staff have distinguished Orlando Health as a healthcare leader for nearly two million Central Florida residents and 4,500 international visitors annually. Orlando Health is a 1,780-bed family of facilities, comprised of Orlando Regional Medical Center, Arnold Palmer Hospital for Children, Winnie Palmer Hospital for Women & Babies, MD Anderson Cancer Center Orlando, Dr. P. Phillips Hospital and South Seminole Hospital. Orlando Health is Central Florida’s fifth largest employer with over 14,000 employees and more than 2,000 affiliated physicians.
October 12, 2011, Ashburn, VA—Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, is pleased to welcome Orlando Health to its global client base.
“Brainware empowers the healthcare community to devote more of their resources—both human and capital—to the core mission of providing medical care,” said Carl Mergele, Chief Executive Officer at Brainware. “We are proud to welcome Orlando Health to the growing list of healthcare providers who are turning to intelligent data capture for efficiency and transparency in their operations.”
To learn more about the benefits of intelligent data capture in healthcare, read “Transforming the Back Office With a Single Keystroke,” published in the September 2011 edition of Healthcare Financial Management.
Orlando Health is one of Florida’s most comprehensive private, not-for-profit healthcare networks, and is based in Orlando, Florida. Its facilities, advanced medical treatments and procedures, and highly qualified staff have distinguished Orlando Health as a healthcare leader for nearly two million Central Florida residents and 4,500 international visitors annually. Orlando Health is a 1,780-bed family of facilities, comprised of Orlando Regional Medical Center, Arnold Palmer Hospital for Children, Winnie Palmer Hospital for Women & Babies, MD Anderson Cancer Center Orlando, Dr. P. Phillips Hospital and South Seminole Hospital. Orlando Health is Central Florida’s fifth largest employer with over 14,000 employees and more than 2,000 affiliated physicians.
Tuesday, October 11, 2011
Brainware Sponsors 10th Annual Accounts Payable 2011 Conference & Expo
Event Provides Forum for Latest Technologies, Best Practices, World-Class Industry Research
October 10, 2011, Ashburn, VA—Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that the company is a Platinum Sponsor of the 10th Annual Accounts Payable 2011 Conference & Expo, taking place at the Bellagio Hotel in Las Vegas, NV, October 19-21. This event, hosted by the Institute of Finance & Management (IOFM), brings together accounts payable professionals from all industries to discuss the latest best practices, explore cutting-edge automation technologies and share thought leadership that is guiding the way towards more effective and efficient AP processes.
“While we’ve always maintained that Brainware offers the most advanced technology for streamlining accounts payable and providing a compelling return on investment, much of Brainware’s success can be attributed to consistently staying attuned to the changing demands and challenges AP professionals face every day,” said Charles Kaplan, VP of Marketing at Brainware. “We look forward to sharing our findings and customer success stories with those who seek greater efficiency, productivity and control for their enterprise, as well as gaining new insights from the professionals whose experiences inform our applications.”
Kaplan will be leading a presentation for conference attendees, “Adding Up: Intelligent Data Capture Plus Best Practices Makes Paying Bills Profitable,” at 4:00 p.m. on Thursday, October 20.
To download a free copy of Brainware’s groundbreaking study, “Global Trends in Automated Data Capture in AP,” click here.
October 10, 2011, Ashburn, VA—Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that the company is a Platinum Sponsor of the 10th Annual Accounts Payable 2011 Conference & Expo, taking place at the Bellagio Hotel in Las Vegas, NV, October 19-21. This event, hosted by the Institute of Finance & Management (IOFM), brings together accounts payable professionals from all industries to discuss the latest best practices, explore cutting-edge automation technologies and share thought leadership that is guiding the way towards more effective and efficient AP processes.
“While we’ve always maintained that Brainware offers the most advanced technology for streamlining accounts payable and providing a compelling return on investment, much of Brainware’s success can be attributed to consistently staying attuned to the changing demands and challenges AP professionals face every day,” said Charles Kaplan, VP of Marketing at Brainware. “We look forward to sharing our findings and customer success stories with those who seek greater efficiency, productivity and control for their enterprise, as well as gaining new insights from the professionals whose experiences inform our applications.”
Kaplan will be leading a presentation for conference attendees, “Adding Up: Intelligent Data Capture Plus Best Practices Makes Paying Bills Profitable,” at 4:00 p.m. on Thursday, October 20.
To download a free copy of Brainware’s groundbreaking study, “Global Trends in Automated Data Capture in AP,” click here.
Tuesday, October 4, 2011
KnowledgeLake and Brainware Join Forces to Serve Microsoft Customers
Microsoft Partner of the Year and Intelligent Data Capture Pioneer Join to Deliver State-of-the-Art Solutions forEnterprise Efficiency
October 3, 2011, Ashburn, VA and St. Louis, MO—Brainware, Inc.,the leading provider of intelligent data capture and enterprise search solutions, and KnowledgeLake, the market leader in Microsoft SharePoint ECM solutions, announced today that the two companies have joined forces to enable their solutions to interact, optimizing the return on global users’ investment for SharePoint and other Microsoft enterprise platforms. This partnership reflects Microsoft’s culture of encouraging its ISV partners to build upon diverse areas of expertise and innovation, creating complementary solutions that benefit the Microsoft user community.
“We are very excited about pairing the KnowledgeLake Capture solution with the Brainware intelligent data capture platform,” stated Chris Caplinger, CTO of KnowledgeLake. “This will provide our customers with a better solution for automatically classifying and performing data extraction on large volumes of documents. This joint effort enables KnowledgeLake and Brainware to leverage the strengths of each other’s products and provides KnowledgeLake customers with another option for intelligent document handling.”
“As a three-time Microsoft Partner of the Year and fellow Microsoft Managed ISV Partner, KnowledgeLake has proven credibility in addressing the challenges, needs and dynamics of enterprises using Microsoft SharePoint, SQL Server and other key platforms to manage their data-centric processes,” said Carl Mergele, Chief Executive Officer at Brainware. “Brainware offers the most advanced technology in the world for transforming paper documents into usable business intelligence, so these two organizations make for natural partners in providing the world’s largest and most complex businesses with applications that enable efficiency and visibility, giving users the data they need, when they need it.”
About KnowledgeLake, Inc.
KnowledgeLake, Inc. develops document imaging related products and solutions for Microsoft SharePoint. KnowledgeLake extends the ECM capabilities of SharePoint, enabling businesses to reduce mailing costs, streamline operations, and achieve regulatory compliance using familiar Microsoft products that most businesses already own and use. KnowledgeLake products and solutions are deployed globally in thousands of organizations in many different horizontal and vertical industry sectors including public sector, healthcare, financial services, transportation and more. For more information, visit www.knowledgelake.com.
October 3, 2011, Ashburn, VA and St. Louis, MO—Brainware, Inc.,the leading provider of intelligent data capture and enterprise search solutions, and KnowledgeLake, the market leader in Microsoft SharePoint ECM solutions, announced today that the two companies have joined forces to enable their solutions to interact, optimizing the return on global users’ investment for SharePoint and other Microsoft enterprise platforms. This partnership reflects Microsoft’s culture of encouraging its ISV partners to build upon diverse areas of expertise and innovation, creating complementary solutions that benefit the Microsoft user community.
“We are very excited about pairing the KnowledgeLake Capture solution with the Brainware intelligent data capture platform,” stated Chris Caplinger, CTO of KnowledgeLake. “This will provide our customers with a better solution for automatically classifying and performing data extraction on large volumes of documents. This joint effort enables KnowledgeLake and Brainware to leverage the strengths of each other’s products and provides KnowledgeLake customers with another option for intelligent document handling.”
“As a three-time Microsoft Partner of the Year and fellow Microsoft Managed ISV Partner, KnowledgeLake has proven credibility in addressing the challenges, needs and dynamics of enterprises using Microsoft SharePoint, SQL Server and other key platforms to manage their data-centric processes,” said Carl Mergele, Chief Executive Officer at Brainware. “Brainware offers the most advanced technology in the world for transforming paper documents into usable business intelligence, so these two organizations make for natural partners in providing the world’s largest and most complex businesses with applications that enable efficiency and visibility, giving users the data they need, when they need it.”
About KnowledgeLake, Inc.
KnowledgeLake, Inc. develops document imaging related products and solutions for Microsoft SharePoint. KnowledgeLake extends the ECM capabilities of SharePoint, enabling businesses to reduce mailing costs, streamline operations, and achieve regulatory compliance using familiar Microsoft products that most businesses already own and use. KnowledgeLake products and solutions are deployed globally in thousands of organizations in many different horizontal and vertical industry sectors including public sector, healthcare, financial services, transportation and more. For more information, visit www.knowledgelake.com.
Tuesday, September 27, 2011
Major U.S. Law Firm Selects Brainware Distiller for Accounts Payable Automation
Top 20 Firm Chooses Intelligent Data Capture for Efficiency, Visibility
September 26, 2011, Ashburn, VA—Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that an American Lawyer A-List law firm has selected Brainware Distiller for the efficient automation of accounts payable processing. By integrating with the firm’s Elite ERP platform—a specialized application designed to handle the unique demands and specifications associated with the legal field—Distiller will enable the customer to gain increased visibility into their financial operations and reduce their invoice processing costs.
In securing this contract, Brainware personnel demonstrated firsthand their application’s superior capabilities for classification, line-item capture and straight-through processing using the firm’s own documents. The customer’s routine is such that nearly half of all invoices are one-time only; as such, they cited Distiller’s ability to pull data from a vast number of invoice formats, without requiring users to create templates or rule sets for each, as a key selling point.
The customer also noted the value of acquiring immediate visibility into their accounts payable process. In addition to reducing costs by minimizing manual data entry, Distiller’s Visibility module will enable them to eliminate redundancies and flag costly duplicate invoices.
“This customer required an application that could integrate seamlessly with their highly specialized ERP system to process invoices sight unseen,” said Carl Mergele, Chief Executive Officer at Brainware. “In addition to providing the highest levels of field extraction, Brainware Distiller is unmatched in its capabilities for providing a quick return on investment in any number of IT environments. We are delighted to add one of the top-ranked law firms in the country to our roster of esteemed customers.”
September 26, 2011, Ashburn, VA—Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that an American Lawyer A-List law firm has selected Brainware Distiller for the efficient automation of accounts payable processing. By integrating with the firm’s Elite ERP platform—a specialized application designed to handle the unique demands and specifications associated with the legal field—Distiller will enable the customer to gain increased visibility into their financial operations and reduce their invoice processing costs.
In securing this contract, Brainware personnel demonstrated firsthand their application’s superior capabilities for classification, line-item capture and straight-through processing using the firm’s own documents. The customer’s routine is such that nearly half of all invoices are one-time only; as such, they cited Distiller’s ability to pull data from a vast number of invoice formats, without requiring users to create templates or rule sets for each, as a key selling point.
The customer also noted the value of acquiring immediate visibility into their accounts payable process. In addition to reducing costs by minimizing manual data entry, Distiller’s Visibility module will enable them to eliminate redundancies and flag costly duplicate invoices.
“This customer required an application that could integrate seamlessly with their highly specialized ERP system to process invoices sight unseen,” said Carl Mergele, Chief Executive Officer at Brainware. “In addition to providing the highest levels of field extraction, Brainware Distiller is unmatched in its capabilities for providing a quick return on investment in any number of IT environments. We are delighted to add one of the top-ranked law firms in the country to our roster of esteemed customers.”
Monday, September 19, 2011
Fortune 500 Manufacturer Selects Brainware Distiller for Accounts Payable Automation
Brainware’s Data Capture Platform to Transform European Invoice Processing Operations
September 19, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that a Fortune 500 global manufacturer of automotive and electrical components has selected Brainware Distiller for the automated processing of up to 10,000 invoice pages per day. The application will run on Microsoft SQL Server and integrate with the company’s different ERP platforms, capturing and reconciling field and line-item data from more than 50 different sites in 15 European countries. The value of this contract for Brainware is more than $1.5 million.
The customer cited the technology’s superior, template-free extraction rates that created significantly higher levels of automation than competitive offerings. The Distiller Visibility module will serve as an archiving application for invoices, and support the company’s goal of increasing operational transparency in accounts payable. Furthermore, the application will support lean manufacturing initiatives, freeing up headcount for other value-added functions as the company transfers accounts payable verification duties to a shared services center.
“This customer is a world-recognized leader in the manufacturing industry, with a complex operation that must meet the specifications and regulations of countless unique markets,” said Carl Mergele, Chief Executive Officer at Brainware. “In addition to offering the most capable technology for integrating with legacy ERP systems, Distiller’s ability to reconcile VAT and line item detail, as well as automate invoices from myriad countries and languages, makes it a true global solution for document processing.”
September 19, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that a Fortune 500 global manufacturer of automotive and electrical components has selected Brainware Distiller for the automated processing of up to 10,000 invoice pages per day. The application will run on Microsoft SQL Server and integrate with the company’s different ERP platforms, capturing and reconciling field and line-item data from more than 50 different sites in 15 European countries. The value of this contract for Brainware is more than $1.5 million.
The customer cited the technology’s superior, template-free extraction rates that created significantly higher levels of automation than competitive offerings. The Distiller Visibility module will serve as an archiving application for invoices, and support the company’s goal of increasing operational transparency in accounts payable. Furthermore, the application will support lean manufacturing initiatives, freeing up headcount for other value-added functions as the company transfers accounts payable verification duties to a shared services center.
“This customer is a world-recognized leader in the manufacturing industry, with a complex operation that must meet the specifications and regulations of countless unique markets,” said Carl Mergele, Chief Executive Officer at Brainware. “In addition to offering the most capable technology for integrating with legacy ERP systems, Distiller’s ability to reconcile VAT and line item detail, as well as automate invoices from myriad countries and languages, makes it a true global solution for document processing.”
Monday, September 12, 2011
The Magic of Brainware Comes to Oracle OpenWorld 2011
Brainware Technology Transforms Mailroom Paper into Boardroom Intelligence
September 12, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that the company will be showcasing its latest technology at Oracle OpenWorld 2011, being held October 2-6 at the Moscone Center in San Francisco, California.
Brainware’s innovations for 2011 include launching Distiller’s unmatched capabilities for scalable, out-of-the-box field and line-item data extraction to the cloud; successfully demonstrating the ability to process line-item data from over 5 million document pages in a single day; and developing partnerships with more of the world’s most widely-recognized software and hardware giants to produce a wider array of user applications that deliver the real-world efficiency and visibility enterprise demands.
At Oracle OpenWorld, visitors will have the opportunity to learn about Brainware’s success in delivering a demonstrable return on investment for Oracle users such as Rabobank, Bechtel, Her Majesty’s Prison Service, CORT Business Services and countless others. This year, several of Brainware’s strategic partners, including OPEX and Oracle Platinum Partner Fujitsu, will provide joint demonstrations involving Distiller’s ability to interface with imaging hardware to create immediately useful, electronic data, enabling a streamlined process for turning incoming paper into business intelligence.
Furthermore, visitors will observe how the Brainware Globalbrain enterprise search application is answering the “big data” question with effective, scalable technology that’s second-to-none in connecting users with the precise intelligence they need, when they need it.
“We are excited about this opportunity to demonstrate what we’ve been calling the ‘magic of Brainware,’ this unparalleled ability to meet the document processing needs of Global 2000 companies; capture and reconcile line-item details from invoices, remittances, claims, orders, EOBs and more; and extract up to 100% of unstructured data right out of the box,” said Charles Kaplan, Brainware’s Vice President of Marketing. “Earlier this year, Brainware signed a $4.1 million contract to automate data capture directly from the mailroom, on the basis of our demonstrated ability to process vital data into the customer’s Oracle systems, a capability that translates immediately into greater operational control, greater accountability, better vendor and customer relations, and best-in-class levels of employee productivity. I encourage all OpenWorld attendees to visit our booth and see for themselves why Brainware offers a significant boost to their bottom lines.”
Visit Brainware at Moscone South, Booth #1933, for a live demonstration of Brainware’s unparalleled capabilities for classification, extraction, reconciliation and retrieval of your vital business data.
Brainware is a Gold level member of Oracle PartnerNetwork.
About the Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle’s partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle’s products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more visit http://www.oracle.com/partners.
Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates.
September 12, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that the company will be showcasing its latest technology at Oracle OpenWorld 2011, being held October 2-6 at the Moscone Center in San Francisco, California.
Brainware’s innovations for 2011 include launching Distiller’s unmatched capabilities for scalable, out-of-the-box field and line-item data extraction to the cloud; successfully demonstrating the ability to process line-item data from over 5 million document pages in a single day; and developing partnerships with more of the world’s most widely-recognized software and hardware giants to produce a wider array of user applications that deliver the real-world efficiency and visibility enterprise demands.
At Oracle OpenWorld, visitors will have the opportunity to learn about Brainware’s success in delivering a demonstrable return on investment for Oracle users such as Rabobank, Bechtel, Her Majesty’s Prison Service, CORT Business Services and countless others. This year, several of Brainware’s strategic partners, including OPEX and Oracle Platinum Partner Fujitsu, will provide joint demonstrations involving Distiller’s ability to interface with imaging hardware to create immediately useful, electronic data, enabling a streamlined process for turning incoming paper into business intelligence.
Furthermore, visitors will observe how the Brainware Globalbrain enterprise search application is answering the “big data” question with effective, scalable technology that’s second-to-none in connecting users with the precise intelligence they need, when they need it.
“We are excited about this opportunity to demonstrate what we’ve been calling the ‘magic of Brainware,’ this unparalleled ability to meet the document processing needs of Global 2000 companies; capture and reconcile line-item details from invoices, remittances, claims, orders, EOBs and more; and extract up to 100% of unstructured data right out of the box,” said Charles Kaplan, Brainware’s Vice President of Marketing. “Earlier this year, Brainware signed a $4.1 million contract to automate data capture directly from the mailroom, on the basis of our demonstrated ability to process vital data into the customer’s Oracle systems, a capability that translates immediately into greater operational control, greater accountability, better vendor and customer relations, and best-in-class levels of employee productivity. I encourage all OpenWorld attendees to visit our booth and see for themselves why Brainware offers a significant boost to their bottom lines.”
Visit Brainware at Moscone South, Booth #1933, for a live demonstration of Brainware’s unparalleled capabilities for classification, extraction, reconciliation and retrieval of your vital business data.
Brainware is a Gold level member of Oracle PartnerNetwork.
About the Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle’s partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle’s products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more visit http://www.oracle.com/partners.
Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates.
Thursday, September 8, 2011
Brainware Comes to Canada 2011 Financial Operations Symposium
Inaugural Conference to Exhibit Technology, Explore Best Practices in Toronto
September 8, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that the company will be exhibiting its latest technology for creating efficiency and visibility in financial operations at the first-ever Canadian Financial Operations Symposium, hosted by The Institute of Financial Operations and taking place September 11-13 at the Fairmont Royal York in Toronto, Ontario.
On Monday, September 12, Brainware’s Vice President of Marketing, Charles Kaplan, will be leading a panel discussion, “Trends in AR Management,” to explore the latest IT developments and best practices for an audience of professionals whose routines stand to benefit directly from such findings.
“Brainware is pursuing a more active engagement with Canadian-based enterprises, and I believe this event will provide a terrific stage for putting financial professionals in touch with the tools and knowledge that will enable success in the coming years,” said Kaplan. “Furthermore, I look forward to sharing the lessons we’ve learned through years of serving such professionals across countless industries, as well as the success stories of forward-thinking operations like Old Dominion Freight Line, who leveraged powerful technology in AR to boost productivity by 400-500% without increasing headcount.”
Visit Booth #240 to speak with a Brainware associate, and learn how intelligent data capture technology can transform accounts payable, accounts receivable and purchase-to-pay operations into a streamlined, transparent process that demonstrates a clear, powerful ROI.
September 8, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that the company will be exhibiting its latest technology for creating efficiency and visibility in financial operations at the first-ever Canadian Financial Operations Symposium, hosted by The Institute of Financial Operations and taking place September 11-13 at the Fairmont Royal York in Toronto, Ontario.
On Monday, September 12, Brainware’s Vice President of Marketing, Charles Kaplan, will be leading a panel discussion, “Trends in AR Management,” to explore the latest IT developments and best practices for an audience of professionals whose routines stand to benefit directly from such findings.
“Brainware is pursuing a more active engagement with Canadian-based enterprises, and I believe this event will provide a terrific stage for putting financial professionals in touch with the tools and knowledge that will enable success in the coming years,” said Kaplan. “Furthermore, I look forward to sharing the lessons we’ve learned through years of serving such professionals across countless industries, as well as the success stories of forward-thinking operations like Old Dominion Freight Line, who leveraged powerful technology in AR to boost productivity by 400-500% without increasing headcount.”
Visit Booth #240 to speak with a Brainware associate, and learn how intelligent data capture technology can transform accounts payable, accounts receivable and purchase-to-pay operations into a streamlined, transparent process that demonstrates a clear, powerful ROI.
Thursday, September 1, 2011
Brainware Sponsors Classroom at Haute Ecole Arc (HE-Arc)
Brainware Brings Leadership, Spirit of Innovation to Neuchâtel Community
September 1, 2011, Ashburn, VA and Neuchâtel, Switzerland —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that it is sponsoring a classroom at Haute Ecole Arc (HE-Arc), and is working with the school to develop a course of study whereby Brainware would sponsor the talent that will innovate and serve the IT needs of global industry for years to come. Supplementing Brainware’s sponsorship of Les Concerts du Millénaire and decision to expand personnel at the company’s EMEA headquarters, this partnership reflects the company’s ongoing support of the Neuchâtel community.
“This institution believes that acquiring knowledge is essential for our world-class students; however, efficient use and sharing of knowledge to innovate in scientific and business fields is more important,” said Olivier Kubli, Director of HEG-Arc. “In addition to being a groundbreaking software developer worthy of serving many of the world’s largest and most complex businesses, Brainware also understands how businesses operate, and how they stand to profit from such innovation. We believe this partnership represents a unique opportunity to instill those insights in our students.”
“One of Neuchâtel’s greatest attributes is the wealth of talent that congregates here, and Brainware saw a natural ally in HE-Arc, an institution committed to the study of engineering, intelligence technology, business administration, business information systems and other programs that dovetail with Brainware’s mission of providing cutting-edge technology that supports the automation needs of Global 2000 clientele,” said Omprakash Yadav, Brainware’s Director of Operations—EMEA. “Brainware is proud to contribute to this community, and to leverage its technological thought leadership today towards nurturing the technological thought leaders of tomorrow.”
“Employers seek employees who understand both business and technology issues, and bring the skills and knowledge necessary to contribute effectively to their organization’s performance,” said Abdelmalek Berkani, Professor at HEG-Arc. “In the business information management area, we focus our teaching plans and applied research projects on information systems, ERP, databases, programming, integration and business processes.”
Haute Ecole Arc is a teaching and an applied research and development establishment that combines the graduate teaching strengths of the cantons of Neuchâtel, Jura and the French-speaking part of the canton of Berne. Its mission is to remain on the cusp of innovation and to develop the high level of knowledge, skills and values required by industry. The graduate school provides courses in four areas: applied arts, business management and business information systems, engineering and healthcare. Pooling the strengths of three cantons and closely integrated into the region, Haute Ecole Arc school has established a solid basis for fostering dynamic relations built on trust and dialogue across its economic and social catchment area.
September 1, 2011, Ashburn, VA and Neuchâtel, Switzerland —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that it is sponsoring a classroom at Haute Ecole Arc (HE-Arc), and is working with the school to develop a course of study whereby Brainware would sponsor the talent that will innovate and serve the IT needs of global industry for years to come. Supplementing Brainware’s sponsorship of Les Concerts du Millénaire and decision to expand personnel at the company’s EMEA headquarters, this partnership reflects the company’s ongoing support of the Neuchâtel community.
“This institution believes that acquiring knowledge is essential for our world-class students; however, efficient use and sharing of knowledge to innovate in scientific and business fields is more important,” said Olivier Kubli, Director of HEG-Arc. “In addition to being a groundbreaking software developer worthy of serving many of the world’s largest and most complex businesses, Brainware also understands how businesses operate, and how they stand to profit from such innovation. We believe this partnership represents a unique opportunity to instill those insights in our students.”
“One of Neuchâtel’s greatest attributes is the wealth of talent that congregates here, and Brainware saw a natural ally in HE-Arc, an institution committed to the study of engineering, intelligence technology, business administration, business information systems and other programs that dovetail with Brainware’s mission of providing cutting-edge technology that supports the automation needs of Global 2000 clientele,” said Omprakash Yadav, Brainware’s Director of Operations—EMEA. “Brainware is proud to contribute to this community, and to leverage its technological thought leadership today towards nurturing the technological thought leaders of tomorrow.”
“Employers seek employees who understand both business and technology issues, and bring the skills and knowledge necessary to contribute effectively to their organization’s performance,” said Abdelmalek Berkani, Professor at HEG-Arc. “In the business information management area, we focus our teaching plans and applied research projects on information systems, ERP, databases, programming, integration and business processes.”
Haute Ecole Arc is a teaching and an applied research and development establishment that combines the graduate teaching strengths of the cantons of Neuchâtel, Jura and the French-speaking part of the canton of Berne. Its mission is to remain on the cusp of innovation and to develop the high level of knowledge, skills and values required by industry. The graduate school provides courses in four areas: applied arts, business management and business information systems, engineering and healthcare. Pooling the strengths of three cantons and closely integrated into the region, Haute Ecole Arc school has established a solid basis for fostering dynamic relations built on trust and dialogue across its economic and social catchment area.
Monday, August 22, 2011
Brainware Sponsors Neuchâtel Millennial Celebration, Expands European Operations
Brainware Discusses Commitment to Region as City Celebrates 1,000 Years
August 22, 2011, Ashburn, VA and Neuchâtel, Switzerland—Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that the company is expanding its Neuchâtel, Switzerland office, reflecting Brainware’s commitment to serving its existing European customers as well as expanding its presence within the broader European market. Additionally, the company has announced its sponsorship (with Swisscom) of Les Concerts du Millénaire, a three-day concert event coinciding with Millénaire, Ville de Neuchâtel, a five-month celebration commemorating Neuchâtel’s 1,000-year anniversary.
State Councilor for Art and Culture Francoise Jeanneret and Project Manager Christophe Valley discussed the collaboration. “We thank Brainware and Swisscom for sponsoring such a unique and popular event, one that concludes five months of celebrations and will surely leave an indelible impression upon this community,” said Jeanneret and Valley in a joint announcement. “It is our hope that sponsorship of our concert will raise visibility for both companies within both our city and the region.”
“Brainware’s Global 2000 clientele reflects the company’s status as a world-class innovator, with customers applying our intelligent data capture solution for the most complex, document-intensive business processes around the globe,” said Omi Yadav, Brainware’s Director of Operations—EMEA and a Neuchâtel resident. “Our expansion in Neuchâtel is a sign of our commitment to that community, to serving the distinct needs of our European customers, and to continuously providing cutting-edge technology to the world’s largest and most successful enterprises.”
“We are proud to be part of this historic occasion for Neuchâtel,” added Yadav.
Les Concerts du Millénaire, which will include performances by a broad range of renowned European musicians, takes place September 16-18.
August 22, 2011, Ashburn, VA and Neuchâtel, Switzerland—Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that the company is expanding its Neuchâtel, Switzerland office, reflecting Brainware’s commitment to serving its existing European customers as well as expanding its presence within the broader European market. Additionally, the company has announced its sponsorship (with Swisscom) of Les Concerts du Millénaire, a three-day concert event coinciding with Millénaire, Ville de Neuchâtel, a five-month celebration commemorating Neuchâtel’s 1,000-year anniversary.
State Councilor for Art and Culture Francoise Jeanneret and Project Manager Christophe Valley discussed the collaboration. “We thank Brainware and Swisscom for sponsoring such a unique and popular event, one that concludes five months of celebrations and will surely leave an indelible impression upon this community,” said Jeanneret and Valley in a joint announcement. “It is our hope that sponsorship of our concert will raise visibility for both companies within both our city and the region.”
“Brainware’s Global 2000 clientele reflects the company’s status as a world-class innovator, with customers applying our intelligent data capture solution for the most complex, document-intensive business processes around the globe,” said Omi Yadav, Brainware’s Director of Operations—EMEA and a Neuchâtel resident. “Our expansion in Neuchâtel is a sign of our commitment to that community, to serving the distinct needs of our European customers, and to continuously providing cutting-edge technology to the world’s largest and most successful enterprises.”
“We are proud to be part of this historic occasion for Neuchâtel,” added Yadav.
Les Concerts du Millénaire, which will include performances by a broad range of renowned European musicians, takes place September 16-18.
Subscribe to:
Posts (Atom)
Posts
