May 30, 2012, Ashburn, VA—Brainware announced today that STN Latam, a Mexico-based provider of solutions for the improvement of financial processes and risk management, has entered into an agreement to distribute the Brainware Distiller application for intelligent data capture. The contract, which holds a total value exceeding $1.8 million for Brainware, reflects STN Latam’s commitment to broadening the firm’s enterprise content management (ECM) business services amongst an installed base of satisfied clients throughout the Latin American market. Brainware was selected following a thorough evaluation of available applications for data capture, including offerings from two major competitors.
“We chose Brainware because it was the most complete solution available for eliminating error rates associated with manual data entry, reducing operation times for payment and collection processes, and minimizing the resources needed for processing documents into our clients’ ERP systems,” said Sergio Zaldivar, Director of Business Development at STN Latam. “With Brainware’s application, my clients would be able to monitor their invoice status at all times, while their query management tools and patented search technology offer added value to clients seeking optimal control of their cash.”
“Two of our customers require an accounts payable automation solution that can handle several million invoices annually, and Brainware’s technology offers the scalability and data extraction rates to meet that challenge,” added Zaldivar.
“STN Latam has a commitment to superior customer satisfaction in the Latin American market, and their experience and knowledge of that region will provide a robust partnership as Brainware expands its global reach,” said Charles Kaplan, Vice President of Marketing at Brainware. “Distiller’s capabilities for processing high volumes of documents in numerous languages and formats, with significantly lower long-term costs than the competition, provide a natural fit for STN Latam’s existing and prospective clients who seek world-class productivity and efficiency in their financial operations.”
Serving the Latin American market, STN Latam specializes in FRP (Finance Resource Planning) solutions: Treasury, Credit Management, Financial Risk Management and Banking. These solutions have the ability to work with any enterprise resource planning (ERP) system; they are based on internet architecture and have total interoperability allowing transactions with any bank worldwide, controlling and monitoring liquidity. STN Latam was recognized by SAGE GROUP France as the most reliable and strategic partner for their Latin American clients. For more information, visit www.stnlatam.com.
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