Replaces Existing Optical Character Recognition Software With Intelligent Data Capture
Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions,
announced today that a major entertainment and communications firm has selected the company’s Brainware Distiller™ solution for the processing of paper invoices. They will also implement Brainware Visibility™ for real-time statistics and reporting on the invoice processing cycle, as well as Brainware Distiller’s workflow module for exception handling. This solution replaces a competitive document capture product.
Under this multi-year agreement, this corporation will leverage Brainware’s intelligent data capture solution to automatically extract and validate data from roughly 200,000 invoices annually, including both PO and non-PO invoices. Furthermore, Visibility will bring fast and easy access to real-time key performance indicators and business metrics pertaining to suppliers and related invoices. Working in tandem with their existing ERP system, each of these components will provide for a vastly accelerated Accounts Payable process, quickly validating line-item data, providing up-to-the-moment financial insight, eliminating backlogs, and minimizing costly manual data entry.
This new Brainware client notes that with their previous automation solution, their process was restricted by the need to create templates for each vendor’s invoice. Additionally, they were unable to extract vital line-item information for validation which created an extra burden on the A/P department. In their desire to improve existing processes, they sought a technologically advanced solution that could relieve the most time-consuming data entry responsibilities, maximize hands-free extraction, and reduce the opportunity for human error to an absolute minimum. They chose Brainware Distiller to deliver those results.
“Template-free, intelligent data capture cannot be oversold in today’s market,” says Carl Mergele, Chief Executive Officer at Brainware. “Distiller is the best automation platform available today because of its ability to scale based on volume, document layout, and document type. As a result, we can help our customers quickly and effectivly optimize their invoice payment operations, starting on Day One.”
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