Brainware Blog

The Institute of Financial Operations Welcomes Brainware as Title Sponsor of Fusion 2012

2012-02-09T11:58:00.000-08:00

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.

Old Dominion Freight Line to Automate Processing of Shipping Documents with Brainware Distiller

2012-02-02T11:53:00.000-08:00

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.

Brainware Delivers Automation Insights to Capture 2012

2012-02-01T07:50:00.000-08:00

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.

Brainware Significantly Outpaces Industry Growth Trend, Triples Average Contract Value

2012-01-25T12:47:00.000-08:00

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:

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.”

Healthcare Payments Automation Summit (HPAS 2012) to Feature Brainware Customer Success Stories

2012-01-18T06:28:00.000-08:00

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.

Leading Distributor of Products to Construction Industry Selects Brainware

2012-01-12T07:14:00.000-08:00

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.”

Large European BPO Inks Multi-Million Dollar Deal with Brainware for F&A Automation

2012-01-04T08:49:00.000-08:00

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.”

Brainware to Present at 14th Annual Needham Growth Conference

2011-12-28T06:20:00.000-08:00

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 Opens London Office

2011-12-22T13:31:00.000-08:00

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.

Resurrection Health Care Achieves 94% Field Data Extraction with Brainware Distiller for Invoices

2011-12-15T19:17:00.000-08:00

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.

Accounts Payable Processing: Room for Improvement

2011-12-15T09:15:00.000-08:00

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.

The Institute of Financial Operations Commends Brainware for Their Commitment to Financial Operations

2011-12-08T06:35:00.000-08:00

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.

Intelligent Data Capture vs. "Snail Mail"

2011-12-07T13:53:00.000-08:00

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.

Brainware Expands Active Patent Portfolio

2011-12-06T09:31:00.000-08:00

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.

Fortune 50 Corporation Goes Live with Brainware Distiller on World’s Largest Single Instance of SAP

2011-11-29T07:12:00.000-08:00

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.”

Fortune 500 Electronics Manufacturer Chooses Brainware Distiller

2011-11-22T05:44:00.000-08:00

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.

Brainware Emerges as Market Leader for Intelligent Data Capture: 2011 Survey

2011-11-14T07:29:00.000-08:00

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:

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.

Brainware Brings Distiller, Globalbrain Technologies to Australia

2011-11-07T12:58:00.000-08:00

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.”

Brainware and NEC Bring Case for Intelligent Data Capture to UK AP Evolution Conference 2011

2011-11-02T07:29:00.000-07:00

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.

Brainware Releases Globalbrain v5.3

2011-10-26T12:39:00.000-07:00

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:

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.

PayStream Advisors Honors Brainware Distiller for Technology Excellence in Healthcare Supply Chain

2011-10-19T06:12:00.000-07:00

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.

Orlando Health Selects Brainware for Document Processing Automation

2011-10-12T06:32:00.000-07:00

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.

Brainware Sponsors 10th Annual Accounts Payable 2011 Conference & Expo

2011-10-11T05:50:00.000-07:00

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.

KnowledgeLake and Brainware Join Forces to Serve Microsoft Customers

2011-10-04T05:53:00.000-07:00

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.

Major U.S. Law Firm Selects Brainware Distiller for Accounts Payable Automation

2011-09-27T07:50:00.000-07:00

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.”

Fortune 500 Manufacturer Selects Brainware Distiller for Accounts Payable Automation

2011-09-19T11:57:00.000-07:00

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.”

The Magic of Brainware Comes to Oracle OpenWorld 2011

2011-09-12T13:06:00.000-07:00

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.

Brainware Comes to Canada 2011 Financial Operations Symposium

2011-09-08T12:53:00.000-07:00

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.

Brainware Sponsors Classroom at Haute Ecole Arc (HE-Arc)

2011-09-01T07:00:00.000-07:00

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.

Brainware Sponsors Neuchâtel Millennial Celebration, Expands European Operations

2011-08-22T08:09:00.000-07:00

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.

Brainware Distiller Achieves Oracle Validated Integration with Oracle E-Business Suite 12.1

2011-08-18T06:01:00.000-07:00

August 18, 2011, Ashburn, VA —Brainware, Inc., a leading provider of intelligent data capture and enterprise search solutions, announced today that the latest version of the company’s intelligent data capture software for business process automation, Brainware Distiller 5.3, has achieved Oracle Validated Integration with the Oracle E-Business Suite 12.1. Brainware Distiller integrates with the Oracle E-Business Suite 12.1, allowing users to leverage advanced data extraction capabilities to process documents quickly and accurately into their Oracle enterprise applications, providing insight into key business processes allowing customers to make informed, actionable decisions and drive toward optimized performance.

“Oracle is constantly innovating to meet the dynamic needs of customers across all industries and borders, and Brainware works tirelessly to ensure its data capture technology remains in sync with those innovations,” said Carl Mergele, Chief Executive Officer at Brainware. “Many of the world’s largest and most complex businesses use the Oracle E-Business Suite 12.1 to keep their operations running smoothly, with thorough accountability and optimal productivity. Distiller works well with Oracle’s world-class offerings, helping to enable significant ROI in Brainware Distiller for these enterprises. Achieving Oracle Validated Integration indicates that our technology meets a stringent set of standards for integration and that the integration performs as documented.”

Brainware Distiller combines powerful classification, extraction and search capabilities into a single platform that reads, sorts, extracts and validates information from virtually any document type, with minimal human intervention. With a demonstrated ability to extract and match more than 90% of field-level and line-item data right out of the box, scale to vast document volumes and types, and transform stacks of paper into accessible, manageable business data, Distiller creates value through faster document processing, fewer costly errors, greater opportunities for strategic cash management, increased transparency and compliance through on-demand KPIs, greater productivity per FTE and superior levels of straight-through processing.

Brainware is a Gold level member in Oracle PartnerNetwork.

Additional information about Distiller is available at www.brainware.com/products_distiller.php.

About Oracle Validated Integration

Oracle Validated Integration through the Oracle PartnerNetwork gives customers confidence that the integration of complementary partner software products with Oracle Applications and Oracle Technology (including Oracle Enterprise Manager, Oracle Content Management, and Oracle Identity Management) have been validated and the products work together as designed. This can help reduce risk, improve system implementation cycles, and provide for smoother upgrades and simpler maintenance. Oracle Validated Integration applies a rigorous technical process to review the integrations of third-party software to Oracle Applications and Technology products, including productized repeatable integrations from system integrators. Oracle provides access to Oracle Applications and Technology software, tools, technical resources and training to assist partners in developing integrations based on Oracle standards and best practices. Partners who have successfully validated their integrations are authorized to use the “Oracle Validated Integration” logo. For more information, please visit Oracle.com at http://www.oracle.com/us/partnerships/solutions/index.html.

About 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 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.

EMPLOYERS® Selects Brainware Distiller for Efficient Claims Processing Automation

2011-08-11T06:14:00.000-07:00

Intelligent Data Capture to Boost Productivity in Processing of Claim Documents

August 11, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that EMPLOYERS, America’s small business insurance specialist®, has selected Brainware Distiller for the efficient automation of claim documents. Using Distiller’s advanced line-item extraction and pairing capabilities will allow EMPLOYERS to automate processing of numerous document types using a single instance of the software.

“I was impressed by Brainware’s scalability, which makes it easy to expand the technology to multiple document types and document-based processes,” said Dennis B. Dix, Vice President, Customer Support for EMPLOYERS. “By automatically capturing user data from incoming claim documents—such as patient identification, policy numbers and other required data—Distiller offers a significant benefit in terms of increased efficiency, shorter cycle times and, best of all, improved customer service.”

This view was shared by Carl Mergele, Chief Executive Officer at Brainware, who went on to describe the product’s unique space in the market: “Brainware Distiller provides the industry’s highest rates of line-item data capture, requires the least amount of effort to implement and scales readily to process any type of transactional document across the enterprise. It boosts productivity, reduces costly errors, speeds processing time and minimizes administrative overhead, delivering bang for the buck to both management and customers. We are proud to welcome EMPLOYERS to the Brainware family.”

About Employers Holdings, Inc.

Employers Holdings, Inc. (NYSE: EIG) is a holding company with subsidiaries that are specialty providers of workers’ compensation insurance and services focused on select small businesses engaged in low-to-medium hazard industries. The company, through its subsidiaries, operates throughout the United States. Insurance is offered by Employers Insurance Company of Nevada, Employers Compensation Insurance Company, Employers Preferred Insurance Company and Employers Assurance Company, all rated A- (Excellent) by A.M. Best Company. Additional information can be found at www.employers.com.

Old Dominion Freight Line Receives 2011 Quest for Quality Award

2011-08-10T12:54:00.000-07:00

Carrier Cites Brainware Distiller as Key IT Investment

August 10, 2011, Ashburn, VA—Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, congratulates Old Dominion Freight Line (ODFL) on receiving a 2011 Quest for Quality Award from Logistics Management magazine. Among other internal initiatives taken to leverage technology investments towards a more efficient and profitable operation, Old Dominion cited their implementation of Brainware Distiller for Remittances as a key contributor to the carrier’s success.

Earlier this year, ODFL’s Vice President of Information Technology, Ken Erdner, discussed the remarkable results achieved upon introducing Brainware into the company’s well-oiled remittance processing operation.

“Eighty percent of our remittances are handled before they’ve even walked in the door,” said Erdner. “As a result of all the automation that we’ve deployed, we’re using the same number of staff members in Accounts Receivable today as a $1.5 billion company, as we did as a $200 million company, so it really has performed well. Our continuous improvement in this area is obviously driven by several initiatives, but Brainware is a key element of keeping our AR staff at an effective and efficient level.”

“In discussing the efficiency and visibility needs of our customers and prospective customers, Brainware consistently touts the operational and profitable benefits of marrying best practices to scalable, readily capable business technology, and Old Dominion Freight Line’s story embodies that proposition,” said Carl Mergele, Chief Executive Officer at Brainware. “We congratulate them on their continued success, and for receiving this well-deserved honor.”

Brainware Announces Release of Visibility 2.0

2011-08-08T13:24:00.000-07:00

New Features Include Localization, iPad App and More

August 8, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today the release of Visibility 2.0, the latest edition of Brainware Distiller’s module for providing on-demand metrics and analytics to optimize operational transparency and control. Supporting the company’s goal of providing the most advanced applications available for enabling efficiency, visibility and control of document-based processes, Brainware Visibility 2.0 delivers these new features for added management capabilities:

The iPad application for Visibility: This helps users control their document-based processes remotely, supporting a widespread trend towards mobile business apps.

Localization: The solution can be tailored to reflect regional differences in language and format requirements.

Sliding menus, interactive charts and a hierarchical category structure: These features enhance the user’s ability to review system performance and access critical data with the precise analytics they require.

iHTML report format: Visibility introduces a new reporting format, iHTML, which allows users to filter or search larger data sets, delivering necessary intelligence more quickly.

“Brainware’s customers routinely cite process transparency as a core benefit of automating with Distiller,” said Charles Kaplan, Vice President of Marketing at Brainware. “By giving users greater insight into their back-office processes, Visibility helps financial management access needed documents instantly, respond to audits or other external requests with expediency, assess staff performance and capitalize on opportunities for strategic cash management. By continuing to innovate in areas of user-friendliness, including the introduction of more customizable user interfaces and apps enabling remote data access and management, Visibility 2.0 reflects our commitment to creating the technologies that Global 2000 companies need.”

The Institute of Financial Operations and Brainware Barnstorming Across North America to Share Best Practices, Emerging Technologies

2011-08-01T12:48:00.000-07:00

Data Capture Pioneers, Finance Professionals Coming to a City Near You

August 1, 2011, Ashburn, VA and Orlando, FL —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, and The Institute of Financial Operations, the global professional association previously known as IAPP-IARP-NAPP-TAWPI, are pleased to announce they have joined forces on an ambitious national speaking tour to deliver real-world insights to financial operations professionals seeking the latest automation technology and best practices to enable world-class performance in their operations.

In addition to providing an excellent opportunity for financial operations professionals to network and share practical knowledge with their peers, the tour will include case study presentations from leading companies that have successfully deployed cutting-edge technology to create superior productivity, transparency and bottom-line profits.

“As Brainware’s intelligent data capture technology has served organizations across a vast array of industries globally, we’ve gained a great deal of insight into the challenges, needs and aspirations that are common among finance professionals today,” said Charles Kaplan, Vice President of Marketing at Brainware and a key speaker for this event. “Our vision dovetails perfectly with The Institute of Financial Operations, an international community that is committed to making businesses of all types and sizes run better, faster and more profitably. Brainware is honored to stand with these thought leaders as we bring the message of finance efficiency coast-to-coast.”

“Our research shows accounts payable, accounts receivable and other financial operations departments still have a long way to go in adopting the types of automated processes that will make them run more efficiently,” said The Institute of Financial Operations President and CEO Thomas H. Bohn, who will be appearing personally to discuss key findings in each city. “The more we can help educate them about the options available to them today and in the future, the better we can serve the entire financial operations community.”

The first leg of the 2011 Summer Road Trip brings Brainware and The Institute of Financial Operations to these cities (follow each link to register today):

Chicago, IL (August 9)

Louisville, KY (August 10)

Denver, CO (August 11)

Dallas, TX (August 16)

Washington, DC (August 17)

Additional stops on the tour, which is expected to extend well into the fall season, are taking shape in Portland, Ore.; Philadelphia, Pa.; Seattle, Wash.; Orlando/Tampa, Fla.; Little Rock, Ark.; Phoenix, Ariz.; Toronto, Ontario; Minneapolis, Minn.; and Atlanta, Ga. Stay tuned for details.

Read “Global Trends in Automated Data Capture in AP,” the groundbreaking study of automation adoption for accounts payable conducted by IAPP-IARP-TAWPI and sponsored by Brainware, today.

About The Institute of Financial Operations

The Institute of Financial Operations is the umbrella organization comprising four affiliates for finance professionals: International Accounts Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP), the National Association of Purchasing and Payables (NAPP) and The Association for Work Process Improvement (TAWPI). Based in Orlando, Fla. with offices in Boston, New York 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, document management and procure-to-pay. The association has more than 6,000 members.

MHC Software Selects Brainware to Deliver Intelligent Data Capture

2011-07-28T07:37:00.000-07:00

MHC to Infuse Enterprise Content Management Suite with Brainware Data Capture Technology

July 26, 2011, Ashburn, VA and Burnsville, MN—Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, and MHC Software, Inc., creators of the innovative MHC Image Express™ application and solutions for the streamlined processing of accounts payable, procurement and human resources operations, announced today an agreement that will offer customers Brainware Distiller’s unmatched capabilities for line-item data extraction and reconciliation as a component of MHC’s Enterprise Content Management (ECM) suite.

By imparting MHC’s user-friendly ECM platform with Brainware’s field extraction and matching prowess, this combined solution will reflect the scalability and ease of implementation upon which both vendors have built their reputations.

“MHC has a record of fierce devotion to customer service, which includes delivering reliable, superior products that meet the needs of our clients,” said John Shields, President of MHC Software. “We conducted a thorough assessment of available technologies for data capture and it became clear that Brainware was the only vendor whose field extraction rates, scalability and ease of implementation exceeded our high standards for compelling business value. Brainware is the cream of the crop, and will make a powerful addition to our ECM portfolio.”

“Brainware and MHC share a commitment to providing the world’s best organizations with cost-effective software applications that make document-based processes simpler, reliable and transparent,” said Carl Mergele, Chief Executive Officer at Brainware. “Brainware’s intelligent data capture technology is the clear market leader for classifying, processing and reconciling vast amounts of transactional data, and we are honored to team with MHC, whose impeccable customer satisfaction rates suggest a consistent fidelity to technologies that quite simply work.”

About MHC Software, Inc.

Since 1980, MHC has helped thousands of organizations streamline their document processing. MHC’s Image Express™ ECM software solution enables organizations to maximize automation and operational efficiencies across the core business functions of Finance, Procurement, Human Resources, Payroll and more. MHC’s complementary Document Express™ application creates flexibly-formatted documents from any business system, simplifying customization for clients and enabling advanced document distribution. MHC’s world-class, turnkey implementation services provide seamless integration with ERP or legacy systems, configuration to meet each client's unique requirements, and hands-on support and training. The result is an extremely reliable and easy-to-use solution. Just ask any of MHC’s many happy customers.

Brainware Named HP Silver Partner

2011-07-19T06:11:00.000-07:00

July 19, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that the company has earned the rare distinction of being named an HP Silver Partner in the HP Solutions Business Partner program.

Brainware’s scalable technology, which combines ease of implementation, superior data extraction capabilities, fault-tolerant data retrieval and optimal process visibility, streamlines document-based processes across the enterprise, transforming back office operations from a cost burden to a source of profit and business intelligence. By working together with HP imaging and print devices, this technology will provide businesses with an opportunity to put vital data in users’ hands more quickly and accurately, so they can pay bills, fill orders, answer audits, address customer issues and more with efficiency and ease.

“We see a great deal of promise in marrying Brainware’s agile data capture, classification and retrieval capabilities to the machines that businesses rely upon to keep their operation running,” said Carl Mergele, Chief Executive Officer at Brainware. “As our software was designed to adapt to the needs of financial management across a number of key operations, partnerships such as this help us to place intelligent data capture in the hands of those who would most benefit from it. We are proud to team with HP, one of the largest and most recognized providers of office hardware globally.”

Microsoft Hosts Brainware at Partner Executive Summit

2011-07-12T13:47:00.000-07:00

Brainware Invited to Exclusive Meeting with Microsoft Executives

July 12, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that, based on the strength of the rapidly developing strategic relationship between the companies, Microsoft hosted Brainware executives for its exclusive Partner Executive Summit held during the Microsoft Worldwide Partner Conference in Los Angeles from July 11-14. Brainware has been identified as having a unique ability to materially influence Microsoft revenue for complementary technologies that are of strategic importance to Microsoft, including SQL Enterprise, Azure, SharePoint and Dynamics.

Brainware—a member of the Managed ISV Program, a designation given to fewer than 1% of all Microsoft ISVs—is also a Microsoft Gold Certified Partner with a competency in ISV/software solutions. Brainware was selected for this program based not only on the strength of its Distiller intelligent data capture solution’s unmatched success in automating document-centric business processes for Global 2000 companies, but also for the vision and innovation behind Brainware’s technologies.

In a very short period, Brainware has influenced significant revenue to Microsoft through a number of joint customers, including through one of the world’s largest financial institution’s wholesale lockbox processing for hundreds of millions of remittance documents annually, a worldwide religious organization’s global invoice processing operation, a global media conglomerate’s accounts payable shared service center, and one of Northern California’s largest casino resort destinations’ invoice processing operations.

“Brainware Distiller delivers a measurable return on investment that captures the attention of senior executives from the largest companies in the world,” says Carl Mergele, Brainware’s Chief Executive Officer. “At a time when many applications are fighting for mindshare and budget, having a proven track record of success and customer loyalty is a requirement. We continue to drive innovation in our core technologies and our products, and this aligns with Microsoft’s visions for its strategic enterprise software applications.”

Just last week, Brainware announced that it has successfully deployed Distiller on Microsoft Azure, making it the first intelligent data extraction application to be offered as a service. Distiller’s unique ability to extract data with 90+% accuracy at a field level, out-of-the-box, from new, previously unseen documents, makes it a perfect application for SaaS-based delivery in a multi-tenant model. New customers can start processing invoices without having to set up any templates, keywords, anchors, zones, vendor profiles or forms of any type. This enables new customers to deploy Distiller quickly, without the overhead required to support on-premise software, and yield an immediate time to benefit. Brainware’s Chief Technology Officer, David Luzier, will be demonstrating Distiller on Azure at the Microsoft Worldwide Partner Conference (WPC) 2011 in the Azure BG Booth #1235 on Wednesday, July 13.

Brainware Launches Cloud-Based Intelligent Data Capture

2011-07-07T15:00:00.000-07:00

Brainware Distiller Goes Live on Microsoft Azure

July 7, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that the company has launched Brainware Distiller “as-a-service” for the automation of document-centric business processes. Hosted on Microsoft’s Azure platform, Brainware becomes the first intelligent data capture vendor to make the transition to software-as-a-service (SaaS) computing, one of the fastest-growing trends in enterprise IT today. In fact, IDC predicts that growth in SaaS applications will increase at a compound annual rate of 21% through 2015.

“Brainware Distiller’s unique, patented template-free data extraction was designed from the outset for maximum scalability, with an underlying architecture that allows us to deliver data extraction rates in excess of 90% on unseen documents without prior setup,” said Charles Kaplan, Vice President of Marketing at Brainware. “By moving to the cloud, Brainware builds upon a legacy of innovation by taking one of its boldest steps yet, creating opportunities for document processing efficiency and transparency with a delivery system that is itself streamlined for superior ROI.”

“Offering Distiller as an online solution, without the logistical complexities and demands inherent to on-site implementation projects, boosts the company’s value proposition to even greater heights, offering superior data capture agility and processing visibility at the flip of a switch,” added Kaplan. “Furthermore, the support we received from the Microsoft ISV team and the ease with which we were able to move to the Azure platform made this a straightforward effort.”

Brainware is initially rolling out its invoice automation solution as-a-service, to be followed by additional offerings.

Brainware will be showcasing Distiller on Azure at the Microsoft Worldwide Partner Conference (WPC) 2011 event in Los Angeles, CA, from July 11-14 at the Los Angeles Convention Center. Brainware will be at the Windows Azure BG Booth #1235 on Wednesday, July 13 at 11:30 a.m.

All products and company names contained herein may be trademarks of their registered owners.

Brainware Pioneers Use of “Associative Memory” Enterprise Search Technology

2011-06-30T14:15:00.000-07:00

Patented Methods Continue to Develop in Response to the Toughest Challenges in Document Automation

June 30, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, is pleased to announce that the portfolio of patented technology that powers its solutions has increased to 18 issued patents and 25 additional pending patent applications. The latest issued patent for the “Associative Memory” approach to contextual search reflects the company’s continued focus on technological innovation as a driver of value for industry.

Breaking down queries and knowledgebases into a collection of mathematical components that reconcile data on the basis of context and relevance, Associative Memory is key to Brainware Globalbrain’s revolutionary approach to search, forsaking keyword-based methodologies and “popular” search results in favor of pinpointing the best match for any query instantly. As a core component of the Brainware Distiller platform for intelligent data capture, Associative Memory enables template-free data extraction, and human-like interpretation and reconciliation of document-based data, resulting in superior rates of touchless processing.

“Many of the world’s largest and most complex businesses have reaped the benefits of automating their document-based processes with Brainware’s intelligent data capture technology, and Associative Memory really is the heart of that intelligence,” said Charles Kaplan, Vice President of Marketing at Brainware. “It enables superior vendor matching, line pairing and overall classification capabilities, not simply extracting data but differentiating, reconciling and retrieving it the way a human would—making sense of these stacks of papers, line by line. That intelligent functionality allows businesses to confidently handle workloads throughout the organization, boosting productivity, visibility and the bottom line.”

“As long as global industry is restricted by cumbersome, inefficient and revenue-draining manual routines, Brainware will continue to develop cutting-edge technologies that effectively streamline those routines,” Kaplan added.

Brainware Brings Distiller to HFMA's 2011 ANI: The Healthcare Finance Conference

2011-06-23T06:26:00.000-07:00

Annual Conference Highlights Latest Innovations in Healthcare Finance

June 23, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that it will be exhibiting at HFMA’s 2011 ANI: The Healthcare Finance Conference. This annual event, which showcases the latest technologies, trends and best practices for healthcare finance professionals nationally, is being held June 26-29 at the Gaylord Palms Resort & Convention Center in Orlando, FL.

“Healthcare providers exist to research, develop and deliver the treatments that cure illness and save lives,” said Charles Kaplan, Vice President of Marketing at Brainware. “If these organizations were empowered to take the time, money and personnel now being used to manage paperwork, and devote those resources instead to the core mission of treating those in need, what better proposition could software offer? By automating the tedious manual data entry routines that drain dollars from healthcare operations, Brainware Distiller creates opportunities to do more with those dollars.”

“This conference provides us with an excellent opportunity to demonstrate why such esteemed institutions as Mayo Clinic, Cleveland Clinic, Resurrection Health Care, Gundersen Lutheran Health System, Baylor Health Care System and others have turned to Brainware for their extensive automation needs,” added Kaplan.

Visit Brainware at Booth #1529 to learn more about Brainware Distiller and its compelling case for efficiency and transparency in processing healthcare documents, including invoices, claims, EOBs and more.

On July 12, Brainware will be hosting a free webinar, “The Cure for Your Healthcare Document Processing Ailments: A Dose of Brainware Distiller,” to provide a complete overview of Distiller’s technology and its benefits as a driver of value and transparency for a number of healthcare finance operations. Click here to register today.

Shell Recognized for Excellence in Global Shared Services

2011-06-20T12:10:00.000-07:00

June 20, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, congratulates Royal Dutch Shell plc (LSE: RDSA, RDSB) on receiving the 2011 Award for Excellence in Improvement & Innovation (Europe) from the Shared Services & Outsourcing Network. This award reflects the culmination of a four-year Finance Functional Plan that saw the migration of 4,700 roles and 64% of the company’s financial operations to a shared services environment, with considerable gains in efficiency and internal operational controls. This initiative also yielded considerable wage arbitrage benefits and enabled the organization to quickly adjust amidst disruptive political developments in the Middle East.

Shell credits commitment to best practices and adherence to a robust migration methodology with delivering successful financial operations for its five shared service centers globally.

“Developing a Continuous Improvement program and capability is a critical element in achieving and sustaining Top Quartile performance for processes,” said George Connell, VP Strategy and Center Finance Lead.

“Consolidating the financial function across several continents, with the challenges of regulation and languages inherent to such an extraordinary customer base, Shell demonstrates the vast gains in efficiency, productivity and transparency offered by marrying a streamlined process to agile, cutting-edge automation technology,” said Carl Mergele, Chief Executive Officer at Brainware. “Combining best practices with applications that boost output to levels unachievable through manual routines alone makes for a potent boost to the bottom line, and we congratulate Shell on their success.”

Shell is a global group of energy and petrochemicals companies with 93,000 employees in more than 90 countries and territories. Providing transport fuel to about 10 million customers each day through its 44,000 service stations worldwide, Shell produces 3.3 million barrels of gas and per day, saw 2010 revenues of $368 billion and is headquartered in The Hague, The Netherlands.

General Dynamics SATCOM Technologies Selects Brainware for Document Processing Automation

2011-06-15T13:59:00.000-07:00

June 15, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, is pleased to welcome General Dynamics SATCOM Technologies—a subdivision of General Dynamics (NYSE: GD), a major U.S.-based developer of aerospace, marine, combat and information systems—to its global client base.

“Brainware Distiller provides a powerful tool for creating process efficiency and allowing management greater insight into their financial operations at all times,” said Carl Mergele, Chief Executive Officer at Brainware. “In addition to unmatched capabilities for data extraction and reconciliation, Distiller proves its value by scaling not only to increased document volumes, but also to myriad processes within the back office. We are proud to partner with General Dynamics SATCOM Technologies and serve their automation needs.”

General Dynamics SATCOM Technologies, a division of General Dynamics C4 Systems, is a leading supplier of satellite and wireless communications products and services for video, voice and data worldwide. General Dynamics is a market leader in business aviation; land and expeditionary combat systems, armament and munitions; shipbuilding and marine systems; and mission-critical systems and technology. With 2010 revenues exceeding $20 billion, the company employs 90,000 people.

Brainware to Present at 2011 Morgan Keegan Technology Group Private Growth Company Conference

2011-06-13T12:26:00.000-07:00

June 13, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that company executives will present at the 2011 Morgan Keegan Technology Group Private Growth Company Conference, being held at the Ritz-Carlton in Half Moon Bay, California from June 20-22. Brainware’s presentation is scheduled to begin at 8:55 a.m. PDT on Wednesday, June 22.

Brainware management will be available for one-on-one meetings during the event and interested parties may schedule meetings through their Morgan Keegan Technology Group representative.

About the 2011 Morgan Keegan Technology Group Private Growth Company Conference

Morgan Keegan Technology Group’s Half Moon Bay Tech Conference is a three day private gathering of select executives from over 120 leading growth companies that are helping to shape the future of the technology industry. The event will include thought-provoking presentations, one-on-one meetings and social events. You will be joined by CEOs of late-stage tech companies, corporate development executives from leading companies, and notable private equity and venture capital investors.

Survey says...

2011-06-10T13:01:00.000-07:00

In our latest webinar, "The *Magic* of Brainware Distiller: Automating Document-Intensive Business Processes" (now available to view on demand), we tried to get a sense of where our viewers stood in terms of adopting automation technology as a driver of value in their operation.

We asked listeners which barriers, real or perceived, were standing in the way of investing in technologies that automate document capture. The two most common responses were high cost (56%) and IT resource constraints (53%), with document complexity (35%) and the difficulty/expense of integration (32%) following.

When asked which document types would derive the greatest benefit from automation, the clear favorite (at 65%) was "invoices and other accounting documents." No other option received more than 15% ("contracts and legal documents"). Interestingly, only 5% of respondents chose "checks and remittances," despite the fact that remittances are often the most dense, detail-heavy transactional documents being processed!

54% of respondents reported that more than 10 people were keying data from documents in their operation. (By automating their document-intensive processes, these organizations stand to gain the most, in terms of reducing labor costs and creating opportunities for personnel to contribute to more substantial, less mind-numbing activities within the operation.)

While reduced costs were citied as the most significant perceived benefit of automating data capture (61%), faster processing (50%), better visibility/reporting (48%) and reduced error rates (32%) each registered significant support, as well.

To learn about how Brainware Distiller answers these questions and addresses these perceptions, including case studies that bear out our claims for its capabilities in real-world scenarios, view this webinar today!

Global Media Conglomerate Selects Brainware Distiller

2011-06-08T14:33:00.000-07:00

Will Leverage Intelligent Data Capture to Streamline and Automate Shared Services

June 8, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that a major U.S.-based media and entertainment conglomerate—a Global 500 corporation, with 2010 revenues exceeding $30 billion—has selected Brainware Distiller for increased efficiency and transparency in accounts payable shared services. Distiller will interface with the customer’s SAP ERP system to streamline the processing of invoices, while Brainware’s Visibility module will provide business intelligence, on-demand metrics and analytics to supplement the company’s finance process optimization initiatives.

This contract represents the culmination of months of extensive due diligence by the customer, during which Brainware’s technology was evaluated against a wide landscape of competitive offerings. As part of this evaluation, a Brainware project team was tasked with demonstrating the software’s capabilities using the customer’s own invoices; despite having never seen these invoices previously, Distiller delivered 95% field extraction immediately, right out of the box.

The customer also noted Distiller’s potential as a driver of efficiency and visibility beyond the accounts payable space, creating opportunities to boost productivity within a number of document-based processes across the enterprise.

“Even with laborious, costly preparations that place a considerable burden on customers, no other data capture provider can match the superior field extraction and straight-through processing rates Distiller delivers right out of the box,” said Carl Mergele, Chief Executive Officer at Brainware. “The customer observed these capabilities firsthand and understood that Distiller’s line-item capture and reconciliation agility, in addition to its scalability to any number of financial operations currently restricted by slow, error-prone manual data entry routines, offered a compelling ROI in terms of both efficiency and control.”

Top 20 Global Financial Institution Selects Brainware Distiller

2011-06-01T17:31:00.000-07:00

Will Streamline Processing of EDI and Paper Invoices

June 1, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that a prominent, European-based financial institution—and one of the 50 largest corporations in the world, with 2010 revenues exceeding $100 billion—has selected Brainware Distiller™ for efficiency and transparency in accounts payable processing. By integrating readily with the company’s Documentum DMS and PeopleSoft ERP system, Distiller will play an integral role in migrating multiple parts of the organization to a common set of core applications, as well as facilitating compliance with revised banking requirements.

Among other things, Distiller will convert incoming EDI data into electronic images, enabling personnel to access, read and validate this data as needed. The software’s industry-leading capability for line pairing and data validation will translate to exceptional operational productivity, regardless of invoice complexity or medium.

The customer cited Brainware’s Visibility™ module, which enables management to create instant, easily-configured reports and analytics, as a key factor in choosing Brainware. By improving process transparency, this feature creates greater cash management opportunities internally, as well as a simplified mechanism for answering external auditors and regulators.

Furthermore, the customer believes Distiller’s scalability presents a wealth of opportunity for creating substantial productivity gains across the enterprise.

“Distiller’s intelligent data capture technology consolidates numerous document types into a single, digitized data channel, enabling the touchless processing of PO-based invoices and giving financial decision-makers instant access to the business intelligence they require,” said Carl Mergele, Chief Executive Officer at Brainware. “Augmenting legacy imaging and workflow solutions—as opposed to disrupting or replacing them—with a powerful capability for data extraction and validation, our software provides a scalable platform for efficiency across a wide range of document-driven operations, freeing up data entry staff for more mission-critical activities and delivering a considerable boost to the bottom line.”

Kansas City Southern Clears the Tracks in Accounts Payable with Brainware Distiller

2011-05-25T14:18:00.000-07:00

Intelligent Data Capture Enables Increased Efficiency and Transparency in Invoice Processing

May 25, 2011, Ashburn, VA —Brainware, Inc. the leading provider of intelligent data capture and enterprise search solutions, announced today that Kansas City Southern, a transportation holding company that has railroad investments in the U.S., Mexico and Panama, has selected Brainware Distiller™ for accounts payable processing automation.

“Brainware Distiller offers customers a simple, powerful technology that can interface with any number of ERP and ECM applications to reduce overhead and drive value to the bottom line,” said Carl Mergele, Chief Executive Officer at Brainware. “Distiller’s superior field extraction will translate to immense gains in processing efficiency and visibility, and we are proud to serve Kansas City Southern’s automation needs.”

Brainware Achieves Microsoft Gold Certified Partner Status

2011-05-18T06:03:00.000-07:00

Brainware Joins “Top Level of Microsoft Solutions Partners,” Enhances Relationship with Global IT Powerhouse

May 18, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that the company has been designated a Microsoft Gold Certified Partner. This exclusive category, representing the highest level of cooperation between the two vendors, will give Brainware access to the latest technology, market opportunities, and sales and marketing resources that have been specifically created with ISVs (independent software vendors) in mind, and reflects Brainware’s ability to meet strict standards for technological expertise, provide robust customer references and consistently achieve high levels of customer satisfaction.

“Microsoft is pleased and excited that Brainware has achieved their Gold Certification,” said Pat Schlight, Microsoft’s Senior Director for U.S. Managed ISVs. “It clearly demonstrates their commitment to the Microsoft technology platform and its significance in growing their overall business.”

“Brainware is proud to be recognized for its superlative data extraction and enterprise search technologies by one of the world’s foremost IT authorities,” said Carl Mergele, Chief Executive Officer at Brainware. “Our applications provide a great deal of value in operational efficiency and visibility across countless industrial verticals, and we look forward to providing users of SQL Server, SharePoint, Dynamics, Azure and other key Microsoft platforms with world-class solutions for many years to come.”

Brainware Distiller Comes to SAPPHIRE NOW & ASUG Annual Conference

2011-05-13T10:33:00.000-07:00

Brainware to Demonstrate Powerful Business Value for SAP Users and Partners Globally

May 13, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today its participation in SAPPHIRE NOW & ASUG Annual Conference, the largest annual gathering of SAP users and partners, being held at the Orange County Convention Center in Orlando, Florida, from May 15-18.

“Customers including Gardner Denver, NEC, Old Dominion Freight Line, Sun Chemical and many, many others have attested to the considerable cost-effectiveness of integrating Brainware’s nimble data capture technology into their SAP systems,” said Charles Kaplan, Vice President of Marketing at Brainware. “Distiller is the most readily scalable, most easily configured data extraction solution on the market, and offers the highest field extraction rates bar-none, boosting productivity levels far beyond what can be accomplished with manual processes alone and driving hard-dollar benefits to the bottom line.”

Visit Brainware at Booth #2044 for a demonstration of Distiller’s powerful data extraction capabilities, and stay to enjoy a performance by Magical Entertainer Mark Yeager.

Thank you for joining us.

2011-05-12T08:40:00.000-07:00

Brainware would like to thank those of you who joined us for our webinar with IDC, "Document Process Automation-Brighter Lights Are Imminent," this week.

According to 65% of viewers, "invoices and other accounting documents" was perceived at the operation best positioned to benefit from automaiton within their organization. While intelligent data capture technology is a proven value driver across the operation, numerous case studies will back up the claim that accounts payable operations can realize immense gains in efficiency and visibility through process automation.

Nearly the same proportion of viewers, 64%, stated that their current document capture process was best described as scanning for manual indexing and data entry. Essentially, this reflects an early, outdated approach to document process automation. While this basic imaging approach does allow users to store paper documents electronically, very little of the actual work is removed from the process. You still have data entry personnel spending their days keying data, creating a slow, monotonous process that inevitably creates costly errors. Intelligent data capture technology removes the vast majority of this manual labor from the process, redefining the keying process as one of mere exception handling. This reduces errors, speeds the process and allows personnel to contribute to more valuable functions within the organization.

Our third poll question asked viewerd to weigh in on perceived barriers to investing in technologies that automate document processing; unsurprisingly, most respondents felt that is was a combination of high costs and an inability to devote extensive IT resources to such an implementation. The truth is, intelligent data capture has long since reached the point where it can be integrated with any type of legacy ERP or ECM platform, often in a matter of days. Additionally, many customers are realizing a return on investment in less than a year, in additional to "soft" ROI such as improved job satisfaction. The long-term benefits of automating with intelligent data capture are well-documented.

Keep an eye on our home page, as this webinar will be available for viewing, in its entirety, very shortly.

Gardner Denver Wins 2011 Progressive Manufacturing 100 Award for Operational Excellence

2011-05-11T14:30:00.000-07:00

Annual Event Recognizes World-Class Manufacturers Using IT for Process Innovation

May 10, 2011, Ashburn, VA —Brainware, Inc. the leading provider of intelligent data capture and enterprise search solutions, congratulates Gardner Denver on their receipt of a 2011 Progressive Manufacturing 100 Award for Operational Excellence at the Manufacturing Leadership Summit, currently underway in Palm Beach, Florida. The annual Operational Excellence awards recognize companies that have mastered the ideas of continuous improvement as advocated in such disciplines as Six Sigma and LEAN manufacturing, and achieve measurable excellence not only in internal operations but also in those processes that involve customers, partners and suppliers. Gardner Denver joins a number of diverse companies, including Ford Motor Company, General Motors, Coca-Cola, IBM, Lockheed Martin, Dow Chemical, Boeing, Chevron, Kodak and others in receiving a 2011 PM100 Award.

As cited by Managing Automation magazine, Gardner Denver was recognized for leveraging Brainware Distiller within their SAP ERP environment to achieve lean standards in accounts payable, resulting in invoice processing efficiency, including high levels of touchless processing.

“Gardner Denver is very honored to receive this prestigious award in the category of Operational Excellence Mastery,” said Lynne Degand, Gardner Denver's Director of Manufacturing Accounting and Domestic Shared Services. “Gardner Denver has a company-wide LEAN culture that instills innovation and velocity in everything we do, from the shop floor to the back office. We proactively seek technologies that enable us to streamline our work with greater accuracy and faster processing times while minimizing labor and processing costs. After performing a value stream map and Kaizen event of our accounts payable process, Gardner Denver chose Brainware to automate the company’s accounts payable function and reduce waste. The result in 2010 was a 23% reduction in the cost per invoice, and achievement of best-in-class invoice processing performance.”

“Gardner Denver has achieved processing efficiency and visibility far beyond the reach of manual invoice processing alone, enabling a competitive advantage that allows for greater cash management and a substantial boost to their bottom line,” said Carl Mergele, Chief Executive Officer at Brainware. “We are proud to contribute to their success as a model of efficiency in shared services, and congratulate them on being recognized for their achievements.”

Read Gardner Denver’s complete Brainware case study, or hear Lynne Degand discussing the benefits she has observed by automating accounts payable with Brainware Distiller.

Brainware Brings New Automated Data Capture Insights to Fusion 2011

2011-05-04T14:10:00.000-07:00

Charles Kaplan to Share Updated Findings on Technology's Adoption, Opportunities for Accounts Payable

May 4, 2011, Orlando, FL and Ashburn, VA —Brainware, Inc. the leading provider of intelligent data capture and enterprise search solutions, announced today that the company’s Vice President of Marketing, Charles Kaplan, will be presenting at Fusion 2011 new findings to supplement their groundbreaking Global Trends in Automated Data Capture in AP report, providing additional insight into the adoption rates, perceived benefits, observed benefits and opportunities that lie ahead for these technologies in accounts payable and other document-intensive areas. These insights include survey data from AP professionals around the globe, working in numerous industries and for organizations ranging from less than $500 million in annual revenues to well in excess of $10 billion in revenues.

“The demand for agile, scalable and easily implemented data capture applications such as Brainware Distiller™ continues to grow faster than ever,” said Kaplan, whose presentation will be taking place at 10:00 AM on Monday, May 9th. “Among other findings, more than a third of respondents claim it still takes them more than twelve days to process an invoice, inhibiting their ability to take early payment discounts, creating backlogs, and often necessitating increased headcount. Automated data capture solves those problems and many others.”

“We’re finding that despite revenues in the billions of dollars and the document volumes inherent to that scale of operation, many—possibly even most—companies have still not made the leap to automated data capture technology, a proven driver of efficiency and value in accounts payable,” said Mark Brousseau, Vice President of Research & Business Development at IAPP-IARP-TAWPI-NAPP. “With an increased focus on working capital management, the professionals we’ve spoken with emphasize a need for greater visibility into and reporting of invoice processing—a demonstrated strength of available data extraction technologies.”

In addition to this presentation, Brainware and Microsoft Corporation will be conducting a joint session, “The Changing Automation Landscape in Financial Operations,” at 9:45 AM on Thursday, May 12th. The two vendors will also be co-sponsoring a social event on the evening of Wednesday, May 11th, featuring performances by comedian Kevin Nealon and ’80s tribute band The Arch Allies.

Scheduled for May 8th-12th at the Gaylord Palms Resort and Convention Center in Orlando-Kissimmee, Florida, Fusion 2011 is expected to draw more than 2,000 professionals focused on accounts payable, accounts receivable, purchasing, payments and document automation. Fusion 2011 features 200-plus educational sessions across 18 learning tracks, an exhibit hall with more than 175 providers of financial operations products and services, renowned keynote speakers and top-tier networking and social events. Fusion 2011 is produced by International Accounts Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP), National Association of Purchasing and Payables (NAPP) and The Association for Work Process Improvement (TAWPI).

About IAPP, IARP, NAPP and TAWPI

Together, the group of financial operations associations comprising International Accounts Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP), the National Association of Purchasing and Payables (NAPP) and The Association for Work Process Improvement (TAWPI), 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, document management and procure-to-pay. The associations have nearly 6,000 members in 40 chapters throughout the U.S., Canada and the United Kingdom. For information, visit www.TheIAPP.org, www.TheIARP.org, and www.TAWPI.org.

Brainware Sales Blow Away Industry Analyst Forecasts in Q1 2011

2011-05-02T06:50:00.000-07:00

Following Record-Breaking 2010 Performance, Brainware Outpaces Market by 650% in First Quarter

May 2, 2011 Ashburn, VA —Brainware, Inc. announced today that the company’s sales results for the First Quarter of 2011 have outperformed analyst predictions for the market by 650%. The Worldwide Capture and Image Management software market, as reported by IDC, is expected to grow at a pace of 7.7% in 2011. In comparison, Brainware’s sales performance is up more than 50% versus the same period last year, and continues the company’s record-breaking growth from 2010, during which more than a dozen of the company’s new contracts were in excess of $1 million each, demonstrating the significant benefits that the company’s solutions can deliver to the world’s largest organizations.

New contracts already announced in 2011 include Cache Creek Casino, Frontier Communications, Clear Channel Communications, Hot Topic and P2 Energy Solutions, as well as a $4.1 million contract with a Major Energy Provider for mailroom automation, a Worldwide Religious Organization, a global Engineering, Construction and Project Management Company, and several Healthcare Providers. Additionally, Brainware had announced an enhanced relationship with Microsoft whereby the company is joining the ranks of Microsoft’s most elite partners.

“IDC continues to see the Capture and Image Management Software market outperform many enterprise software market segments,” said Melissa Webster, Program Vice President for Content & Digital Media Technologies at IDC. “The benefits of automating paper-based, document intensive business processes are well-known and include cost and error reduction, improved cycle times, better visibility, and reduced risk of regulatory and compliance missteps.” Webster added that “advanced data capture technology that automates the entire process of classifying, extracting, validating and posting data is under-adopted by large companies, and yet it is available. This is a problem that companies can address today.”

“We continue to accelerate the momentum of our business, as evidenced by the global companies who are selecting Brainware’s solutions,” said Carl Mergele, Chief Executive Officer at Brainware. “As companies recognize that they can measurably increase their operational agility by automating otherwise manual processes, they’re investing in technology to help them get there. We often hear from customers and prospects that they didn’t know some of this automation even existed, so we’re thrilled by our prospects for continued growth.”

Cache Creek Casino Resort Makes Brainware Distiller the Odds-On Favorite for Accounts Payable Efficiency

2011-04-25T06:02:00.000-07:00

Resort Selects Brainware for Touchless Processing of Invoices, Line-Item Data Capture

April 25, 2011, Ashburn, VA —Brainware, Inc. the leading provider of intelligent data capture and enterprise search solutions, announced today that Cache Creek Casino Resort has selected Brainware Distiller™ for enhanced efficiency and visibility in their accounts payable operations. The solution will enable three-way matching and hands-free processing of invoice data within Cache Creek’s Microsoft Dynamics ERP platform, allowing the organization to minimize overhead costs and maximize opportunities for strategic cash management.

Cache Creek selected Distiller after witnessing a live demonstration of the software’s agile capabilities, wherein the application was able to process the company’s invoices sight unseen.

“Brainware’s specialist took an invoice that looked like a cash register receipt, and was able to successfully extract and reconcile line-item data from that invoice,” said Jerame Evans, IT Operations Engineer at Cache Creek. “We were really blown away.”

“When we set out to upgrade our accounts payable process, we envisioned a workflow solution that would simplify data transmission,” added Suzanne Vince, the resort’s Controller. “Brainware’s data capture platform, which conclusively outperformed alternatives we’d considered, demonstrated capabilities we hadn’t known were possible, handling much of our workload, start to finish, with no human involvement whatsoever.”

“Brainware offers a considerable return on investment for businesses spanning countless industrial verticals, and for customers like Cache Creek, in-house demonstrations of our software inspire confidence that we can deliver cutting-edge data extraction technology,” said Carl Mergele, Chief Executive Officer at Brainware. “Distiller offers these organizations a platform for efficiency and transparency across the enterprise, with greater scalability, greater field extraction and quicker ERP integration than any other available solution.”

Cache Creek Casino Resort, located 40 miles northwest of Sacramento and 80 miles from the San Francisco Bay Area in Brooks, Ca., is one of Northern California’s largest casino-resort destinations. The 415,000 square-foot property features 2,300 slot machines, 120 table games, poker room, four diamond hotel, ten restaurants, full-service spa, world-class entertainment in a 700-seat indoor concert venue and seasonal 3,000-seat outdoor amphitheater, and an 18-hole championship golf course. For more information, please visit http://www.cachecreek.com/ or call (800) 452-8181.

Brainware Expands IAPP-IARP-TAWPI Partnership with Sponsorship of Finale Evening Event at Fusion 2011

2011-04-20T06:23:00.000-07:00

April 20, 2011, Orlando, FL and Ashburn, VA —Brainware, Inc. the leading provider of intelligent data capture and enterprise search solutions, and Microsoft Corporation will be the joint sponsors of the finale evening event at Fusion 2011, the premier event for financial operations professionals. The finale event will feature performances by comedian Kevin Nealon and ’80s tribute band The Arch Allies. Fusion 2011 is produced by International Accounts Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP), National Association of Purchasing and Payables (NAPP) and The Association for Work Process Improvement (TAWPI). Beyond its sponsorship of the evening event, Brainware will play a key role at Fusion 2011, including in the exhibit hall and on the conference program. On Thursday, May 12, Brainware and Microsoft will deliver a joint presentation entitled “The Changing Automation Landscape in Financial Operations.”

Scheduled for May 8-12 at the Gaylord Palms Resort and Convention Center in Orlando-Kissimmee, Florida, Fusion 2011 is expected to draw more than 2,000 professionals focused on accounts payable, accounts receivable, purchasing, payments and document automation. Fusion 2011 features 200-plus educational sessions across 18 learning tracks, an exhibit hall with more than 175 providers of financial operations products and services, renowned keynote speakers and top-tier networking and social events.

“We are extremely pleased that Brainware and Microsoft have become the co-sponsors of the finale evening event at Fusion 2011,” commented Thomas M. Bohn, IAPP-IARP-NAPP-TAWPI president and CEO. “Brainware has been such a strong supporter of IAPP and TAWPI throughout the years, and to have them featured as the sponsor of our popular Wednesday night event will significantly build on that relationship.”

“The annual IAPP-TAWPI conference is always a huge success for those who attend,” said Charles Kaplan, VP of Marketing for Brainware. “The education, peer networking and innovation that are hallmarks of IAPP-TAWPI, make Fusion 2011 an event that can’t be missed, and Brainware is delighted to be sponsoring the finale evening event with Microsoft.”

About IAPP, IARP, NAPP and TAWPI

Together, the group of financial operations associations comprising International Accounts Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP), the National Association of Purchasing and Payables (NAPP) and The Association for Work Process Improvement (TAWPI), 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, document management and procure-to-pay. The associations have nearly 6,000 members in 40 chapters throughout the U.S., Canada and the United Kingdom. For information, visit www.TheIAPP.org, www.TheIARP.org, and www.TAWPI.org.

Major American Energy Provider Signs $4.1 Million Contract with Brainware for Mailroom Automation

2011-04-14T11:10:00.000-07:00

Brainware Distiller to Facilitate Unified Information Access Across the Enterprise

April 14, 2011, Ashburn, VA —Brainware, Inc. the leading provider of intelligent data capture and enterprise search solutions, announced today that a U.S.-based energy provider has selected Brainware Distiller™ for the efficient sorting and capture of millions of pages of incoming mail annually. The value of this contract is $4.1 million.

By implementing Distiller as a tool for digitizing parcels—including paper, e-mails, fax transmissions and others—at the point of receipt, the organization will be empowered to communicate vital business intelligence immediately, creating opportunities to address supplier and customer issues more quickly, reallocate personnel to higher-value activities and priorities, handle increased workloads without increasing overhead costs and more. Furthermore, conversion of paper documents to digital data will boost operational visibility and enable financial management to ensure compliance throughout the organization.

According to the U.S. Energy Information Administration, key dynamics of the oil and natural gas industry—productivity, consumption, cost—continue to fluctuate. Additionally, events such as the 2010 Gulf of Mexico oil spill and persistent unrest in the Middle East contribute to market instability and place additional pressures on the industry, disrupting supply and amplifying the call for new, alternative energy solutions. By streamlining operations through intelligent data capture technology, this customer will be positioned for optimal efficiency and operational control, enabling them to meet increased productivity demands and better support research initiatives.

“This customer required an application that could process and recover data from a database exceeding 30 terabytes and Brainware Distiller is the only data capture solution that can scale to those demands,” said Carl Mergele, Chief Executive Officer at Brainware. “Requiring minimal effort for implementation, the software will be able to distinguish between more than a thousand different document types, and convert them into useful data with a precision and agility far beyond what the customer could achieve with manual protocols alone.”

Survey says...

2011-04-13T11:09:00.000-07:00

As part of our latest webinar, "Empowering Records Management with Contextual Search," attendees were asked to weigh in on the following questions:

"Which of the following is most important to your Records Management program (multiple answers allowed)?"

-Storage
-Security
-Search and Retrieval
-Reporting and Oversight
-Integrity

"How confident are you in your ability to retrive electronic information (records and non-records)?"

-Extremely Confident
-Generally Confident
-Somewhat Confident
-Not At All Confident

An overwhelming majority of respondents (83%) cited "Search and Retrieval" as being vital to their Records Management program. Also, 54% were "Somewhat" or "Not At All Confident" of their ability to retrieve desired information.

Keep an eye on Brainware.com in the next week for your chance to catch this webinar in its entirety, and learn how BRAINWARE GLOBALBRAIN enterprise search provides the key to solving these issues for your organization.

Brainware Welcomes Longtime Perceptive Ace Chuck Kingston as Product Manager

2011-04-12T06:20:00.000-07:00

Kingston Brings Extensive Industry Experience, Market Insight

April 12, 2011, Ashburn, VA —Brainware, Inc. the leading provider of intelligent data capture and enterprise search solutions, would like to welcome Chuck Kingston, formerly Accounts Payable Solution Manager for Perceptive Software, to its growing team of innovators as Product Manager. In this role, he will be guiding Brainware’s product strategy and vision, leveraging extensive industry knowledge to deliver new product capabilities, capitalizing on opportunities for effective partnerships and product positioning, developing compelling product demonstrations and ensuring the company’s product development, sales strategies, professional services and technical support are aligned with customer needs.

With over thirty years of experience in information technology management and development, Chuck Kingston comes to Brainware with an intimate knowledge of the problems and pain points faced by those who seek increased productivity through automation.

“Through Perceptive’s partnership with Brainware, I was privileged to witness firsthand the benefits their technology offers for organizations in need of efficiency, transparency and cost-effectiveness in automating their document-driven processes,” said Kingston. “Brainware is on the cutting edge of data capture, with a scalability and capability for providing return on investment right out of the box that is unparalleled by traditional forms recognition solutions. I am proud to deliver this technology to some of the largest and most complex businesses in today’s marketplace.”

“Customers are realizing that intelligent data capture offers a compelling proposition for minimizing overhead and optimizing visibility, and as Brainware grows to meet this demand, we solidify our position with some of the most knowledgeable people in IT,” said Blaine Owens, Vice President of Enterprise Solutions at Brainware. “Chuck Kingston brings a wealth of experience in guiding vendors to innovation and success, and we are very pleased to bring him aboard.”

Bechtel Corporation Selects Brainware Distiller for Invoice Processing Automation

2011-04-06T07:20:00.000-07:00

April 6, 2011, Ashburn, VA —Brainware, Inc. the leading provider of intelligent data capture and enterprise search solutions, announced today that Bechtel has selected Brainware Distiller™ for accounts payable processing automation.

“We are pleased to have been selected by Bechtel to provide a platform for invoice automation in accounts payable,” said Carl Mergele, Chief Executive Officer at Brainware. “Brainware has helped automate document-centric business processes for many of the largest and best known companies in the world, and we look forward to doing the same for Bechtel.”

Bechtel is one of the world’s premier engineering, construction and project management companies. Since its founding in 1898, Bechtel has worked on more than 23,000 projects in 140 countries and all seven continents. Today, its 49,000 professional and craft employees are teamed with customers, partners and suppliers on hundreds of projects in nearly 50 countries. For more information about Bechtel, visit http://www.bechtel.com/.

OM30 Uses Brainware Distiller to Automate Invoice Processing for Camargo Corrêa, Braskem, Cielo and Others

2011-03-30T06:55:00.000-07:00

Brazilian BPO Successfully Deploys Brainware Distiller in Latin American Market

March 30, 2011, Ashburn, VA —Brainware, Inc. the leading provider of intelligent data capture and enterprise search solutions, announced today that OM30, a business process outsourcer (BPO) and Knowledge Management solutions provider, is using Brainware Distiller™ for the efficient processing of invoices for some of the largest and most prominent businesses in Latin America, including but not limited to:

Camargo Corrêa—Operating with over 58,000 employees in 18 countries, the Camargo Corrêa Group is involved in the engineering, generation and distribution of energy, public service concessions, real estate development, shipping, and oil and gas, as well as cement, steelmaking, footwear and textiles.

Braskem—With annual revenues surpassing $14 billion (U.S.), Braskem is the largest producer of petrochemical products in the Americas, and seventh largest in the world.

Cielo—With 1.6 million affiliated merchants, Cielo, formerly known as VisaNet, is one of the five largest electronic payment networks in the world, and the largest in Latin America.

When evaluating available solutions for processing unstructured and semi-structured documents, OM30 was taken by Brainware’s powerful capability for accurate data extraction, reliance on a very small sample set for interpreting thousands of diverse document formats and an ability to integrate with their SAP ERP platform swiftly.

“We tested competitive products, including offerings from Kofax and ReadSoft, but Brainware, with its best-in-class Distiller product, offered the strongest results,” said Marcello Burattini, Chief Executive Officer at OM30. “We chose Brainware as a partner because we see a great value proposition when combining our strategies with their technology. Integration with SAP, especially given the specifications for language and compliance associated with Brazil’s largest companies, was our greatest challenge, but Brainware was able to make it happen, and our improved productivity has translated to more customers.”

“Brainware technology offers a tremendous proposition for outsourcing providers worldwide,” said Carl Mergele, Chief Executive Officer at Brainware. “By streamlining complex document processing without regard to language or legacy software, Distiller allows these partners to consolidate their operations and take on exponentially larger workloads, and OM30’s success is a testament to our business case.”

OM30 is a Brazil-based company specializing in knowledge management and innovation. They perform business process management, digitalization and process outsourcing for both the public and private sector. OM30 works with the complete process of knowledge management, starting with the critical analysis of scenarios, systems integration and digitization, and covering the full process of data management, implementation of information-sharing methods and the development of corporate social networks.

Microsoft Welcomes Brainware to Managed ISV Partner Program

2011-03-23T06:24:00.001-07:00

Brainware Technology Offers Substantial Opportunities for Integration with SharePoint, Cloud Applications, Other Key Business Platforms

March 23, 2011, Ashburn, VA —Brainware, Inc. the leading provider of intelligent data capture and enterprise search solutions, announced today that the company has been selected by Microsoft for inclusion in Microsoft’s Managed Partner Program, an exclusive honor extended to fewer than 5% of the technology giant’s 25,000 independent software vendor (ISV) partners. Brainware has been elevated to this elite status in the Microsoft partner program based on Brainware’s significant influence on Microsoft product revenue as well as the companies’ combined vision for strategic solutions development in the enterprise market space. As a Managed ISV Partner, Brainware is working with Microsoft software architects to create joint solutions that integrate Brainware Distiller™ intelligent data capture and Globalbrain™ enterprise search into Microsoft SharePoint, Azure, and Business Intelligence solutions.

Old Dominion Freight Line Uses Brainware Distiller to Boost Remittance Processing Productivity by 400-500%

2011-03-16T06:07:00.000-07:00

“Eighty percent of our remittances are handled before they’ve even walked in the door.”

March 16, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that Old Dominion Freight Line (NASDAQ: ODFL) has successfully deployed Brainware Distiller™ for Remittances as an effective automation platform in accounts receivable, transforming their operation and delivering world-class performance in remittance processing. In addition to considerable efficiency gains in AR, the department has gained exceptional control of their working capital and can access immediate visibility into cash flow, helping ODFL to better manage their cash position, improving customer service in the process.Accuracy and accountability are critical in the trucking industry because a customer’s shipment might be flagged and delayed due to late payments; as Brainware Distiller is able to capture remittance and payment information at the point of receipt, such delinquent accounts can be cleared at the earliest possible moment, releasing their shipment.

“Eighty percent of our remittances are handled before they’ve even walked in the door,” said Ken Erdner, Vice President of Information Technology at Old Dominion Freight Line. “As a result of all the automation that we’ve deployed, we’re using the same number of staff members in Accounts Receivable today as a $1.5 billion company (approximate 2010 revenues), as we did as a $200 million company, so it really has performed well. Our continuous improvement in this area is obviously driven by several initiatives, but Brainware is a key element of keeping our AR staff at an effective and efficient level.”

“When you’re handling four or five times the volume that you did previously with a good process, it really makes a big difference to the company because it’s allowing us to grow without having to add to our monthly overhead,” added Erdner.

"Automating the paper-intensive business processes in the Accounting department should be a high priority for large organizations," said Melissa Webster, Vice President at IDC. "Advanced capture and extraction technologies offer customers a tremendous opportunity to streamline the order-to-cash process and optimize their cash management."

“Brainware Distiller provides a level of processing efficiency that is simply unattainable through manual routines alone,” said Carl Mergele, Chief Executive Officer at Brainware. “By enabling customers like Old Dominion Freight Line to achieve 80% touchless processing, a team previously clearing a respectable 400 remittances per hour now regularly achieves 2,000 in an hour, allowing staff to focus their efforts on reconciling those requiring special attention, as well as contributing to other value-added tasks within the organization.”

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.

Frontier Communications Selects Brainware for Document Processing Automation

2011-03-09T07:32:00.000-08:00

March 9, 2011, Ashburn, VA —Brainware, Inc. the leading provider of intelligent data capture and enterprise search solutions, is pleased to welcome Frontier Communications to its global client base.

“Leading companies across industries are discovering that there are new alternatives to manual data entry from complex, unstructured documents,” said Carl Mergele, Chief Executive Officer at Brainware. “The benefits to areas such as finance, mailroom, customer support and IT extend far beyond cost reduction, and unlock profit that is otherwise trapped in errors, unrealized early payment discounts, misapplied cash and more. We are delighted that Frontier Communications has chosen to partner with Brainware.”

Frontier Communications Corporation is the largest pure rural telecommunications carrier in the United States. Frontier’s services include voice, High-Speed Internet, satellite video, wireless Internet data access, data security solutions, bundled offerings, specialized bundles for small businesses and home offices, and advanced business communications Access Solutions for medium and large businesses. A member of the S&P 500, Frontier operates in 27 states with approximately 14,800 employees.

Clear Channel Communications Selects Brainware Distiller for Invoice Automation

2011-03-02T08:50:00.000-08:00

Broadcasting and Promotions Giant Selects Brainware for Centralized Data Capture

March 2, 2011, Ashburn, VA — Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, is pleased to announce that Clear Channel Communications has selected Brainware Distiller™ for accounts payable automation.

“Clear Channel receives invoices from hundreds of affiliates and thousands of advertisers throughout the U.S., and Distiller allows these documents to be processed through a single, digital channel,” said Carl Mergele, Chief Executive Officer at Brainware. “By automating invoice processing, we expect Clear Channel to experience greater efficiency, faster invoice reconciliation and better cash management.”

Founded in 1972, Clear Channel Communications, Inc. is a global media and entertainment company specializing in mobile and on-demand entertainment and information services for local communities and premiere opportunities for advertisers. Based in San Antonio, Texas, Clear Channel operates more than 850 radio stations in the U.S. and has nearly one million outdoor advertising displays in over 50 countries. Reaching over 154 million people, they are the top radio company in the US, both by revenue and number of stations.

KMWorld Places Brainware Among 2011’s “100 Companies That Matter in Knowledge Management”

2011-02-23T06:41:00.000-08:00

Brainware Recognized for Advanced Technology in Data Capture and Information Access

February 23, 2011, Ashburn, VA —Brainware, Inc. the leading provider of intelligent data capture and enterprise search solutions, is pleased to announce that the company has been included in KMWorld’s 11th annual list of “100 Companies That Matter in Knowledge Management,” a list compiled by leading practitioners, theorists, analysts and vendors. Brainware joins previously recognized innovators such as Google, IBM, Microsoft and others in receiving this designation.

“Brainware’s inclusion on this list is based on the breadth and impact of its innovations to meet specific customer needs while adding true value to its entire chain of constituencies,” said Hugh McKellar, Editor-in-Chief of KMWorld.

“Brainware Distiller™ provides Global 2000 companies with a scalable platform for turning their paper-based documents into easily transmitted, verified and processed data with efficiency, accuracy and agility, while the Brainware Globalbrain™ solution for enterprise search provides management with instant access to their vital business intelligence,” said Brainware President James Zubok. “We are proud to receive KMWorld’s recognition as one of the most important vendors in the market.”

The leading information provider serving the Knowledge, Document and Content Management systems market, KMWorld informs more than 45,000 subscribers about the components and processes—and subsequent success stories—that together offer solutions for improving business performance. KMWorld is a publishing unit of Information Today, Inc.

Brainware Distiller Fills Prescription for Data Capture in Healthcare

2011-02-17T13:08:00.000-08:00

Intelligent Data Capture Platform Reduces Costs and Boosts Visibility, Allowing Providers to Focus More Dollars Toward Research and Care

February 17, 2011, Ashburn, VA —Brainware, Inc. the leading provider of intelligent data capture and enterprise search solutions, announced today that 2010 was a breakthrough year for new sales of Brainware Distiller to leaders in the healthcare industry, including:

Baylor Health Care System
Yale New Haven Health System
Gundersen Lutheran Health System
Cook Children's Health Care System
Resurrection Health Care
Cleveland Clinic

This past October, Mayo Clinic received the Silver Award in Technology Excellence at Treasury & Risk’s 15th Annual Alexander Hamilton Awards, as a result of efficiency gains achieved in accounts payable upon integrating Brainware technology into their operations.

“Brainware is now providing intelligent data capture technology to two of the top four healthcare providers in the United States, as ranked by U.S. News & World Report, and we are honored to earn their business as well as others from among the world’s most renowned healthcare institutions,” said Carl Mergele, Chief Executive Officer at Brainware. “The Patient Protection and Affordable Care Act is expected to increase the demands placed on these providers, and our solutions give them the ability to meet these challenges with efficiency and transparency, allowing them to remain focused on developing treatments, saving lives and improving patient quality of life.”

“For 2011, Brainware is committed to further demonstrating its value proposition for the healthcare industry, including the delivery of Distiller technology as a platform for the efficient processing of EOBs, patient records and more,” added Charles Kaplan, VP of Marketing at Brainware.

Brainware will be offering live demonstrations and theater presentations exhibiting Distiller data capture technology at the HIMSS11 Annual Conference & Exhibition, taking place February 20th-23rd at the Orange County Convention Center in Orlando, Florida.

Join us February 23rd for a webinar with IAPP/IARP/TAWPI, "Why automate data capture?"

2011-02-17T08:05:00.000-08:00

Why automate data capture?

Wednesday, February 23, 2011; 11:30am-1:00pm ET

REGISTER NOW!

Webinar Details:

Why automate data capture? Albert Einstein once said insanity was “doing the same thing over and over again and expecting different results.” Do you do the same thing over and over again, day after day, manually keying in invoice after invoice, and expect different results?

Attendees will learn how to:

• Handle more invoices in less time
• Reduce errors
• Avoid late payment penalties
• Take advantage of more early payment discounts
• Free employees’ time for more valuable tasks

Join us to discover why you should automate data capture and what to look for in the different products available.

About the presenter:

Charles Kaplan is the Vice President of Marketing at Brainware. His experience includes 15 years in information technology and applied information analysis in such areas as product marketing, product management, revenue management, and financial analysis. Throughout his career, he has excelled at launching innovative, technology-based solutions that address the needs of complex business challenges.

Ascend Software and Brainware Invoice Automation Implemented by Hot Topic

2011-02-11T05:53:00.000-08:00

Retailer Streamlines Invoice Processing with Combined Automation Solution

February 10, 2011, Brea, CA and Ashburn, VA —Ascend Software and Brainware announced today that they have partnered to deliver Ascend’s SmartTouch AP™ application and Brainware Distiller™ to Hot Topic, Inc., a California-based chain of apparel and accessory retailers. This implementation will enable Hot Topic to optimize their invoice processing through imaging, intelligent data capture and workflow automation with real-time Lawson integration.

“Hot Topic selected Ascend’s SmartTouch AP Automation and the Brainware Distiller intelligent data capture solution to help with process improvement, reduce costs and promote green initiatives,” said Deborah Creek, Finance Systems Manager, Hot Topic, Inc.

“By combining our advanced workflow and document management applications with the most advanced data extraction technology on the market, Ascend and Brainware are able to offer companies like Hot Topic a complete solution for their invoice processing needs,” said Jacinta Tobin, EVP, Product Management of Ascend Software. “These solutions allow customers to achieve substantial productivity gains from their staff, and demonstrate the effective value proposition created by the partnership of Ascend and Brainware, both recognized leaders in the field of business process automation.”

“Intelligent data capture technology integrates with a host of business process applications to boost productivity to levels that were, until recently, only a pipe dream,” said Colin Kaye, Vice President of Strategic Alliances for Brainware. “With Brainware’s advanced data extraction capabilities and Ascend’s Workflow and Enterprise Content Management Solution, Hot Topic will be positioned to minimize the resources needed to pay bills, as well as increase transparency into financial metrics that inform strategic, effective cash management.”

About Hot Topic, Inc.

Hot Topic, Inc. is a mall and web based specialty retailer operating the Hot Topic and Torrid concepts, as well as the e-space music concept, ShockHound. Hot Topic offers music/pop culture-licensed and music/pop culture-influenced apparel, accessories, music and gift items for young men and women principally between the ages of 12 and 22. Torrid offers apparel, lingerie, shoes and accessories designed for various lifestyles for plus-size females principally between the ages of 15 and 29. ShockHound is a genre-spanning music website where people of all ages can purchase MP3s and music merchandise, share their music interests, read the latest music news and view exclusive editorial content. As of January 29, 2011, the company operated 657 Hot Topic stores in all 50 states, Puerto Rico and Canada and 153 Torrid stores.

About Ascend Software

Since 1997, Ascend Software has developed business process management solutions which 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). Additionally, Ascend developed their advanced workflow solution that provides greater automation and is the foundation for their SmartTouch Solutions. 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, and Virginia. Visit http://www.ascendsoftware.com for more information.

Worldwide Religious Organization Selects Brainware Distiller for Accounts Payable Automation

2011-02-03T14:19:00.000-08:00

Intelligent Data Capture Enables Shared Services Center to Process Invoices Submitted Globally

February 3, 2011, Ashburn, VA —Brainware, Inc. the leading provider of intelligent data capture and enterprise search solutions, announced today that a US-based, global religious organization has selected Brainware Distiller for accounts payable automation. Following a period of extensive due diligence during which the client reviewed competing technologies, Brainware not only demonstrated the highest levels of data extraction from complex invoices, but also proved how it can scale to the myriad other document types being entered manually today.

The initial implementation will deploy Distiller for processing nearly half a million pages annually into a PeopleSoft ERP system at their shared services center, to be followed by an even broader rollout of the technology for capturing more than two million invoices annually from points worldwide. This organization conducts business in most of the world’s countries, with differences in languages, currencies, tax codes and document formats imposing a significant burden on their administrative workforce.

“More and more organizations are realizing the tremendous opportunities our technology offers in shared services,” said Carl Mergele, Chief Executive Officer at Brainware. “By providing a single platform through which documents of all formats and languages can be processed, Distiller delivers efficiency and visibility that is not achievable through manual processes.”

Ovum Lauds Brainware for High Levels of Straight-Through Processing, Scalability

2011-01-28T05:57:00.000-08:00

IT Consulting Firm Discusses Brainware’s Ease of Integration, Customer Case Studies and More

January 27, 2011, Ashburn, VA—Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that Ovum, a global business IT consulting firm and subsidiary of the Datamonitor Group, has published a Technology Audit on the Brainware Distiller™ intelligent data capture platform for classification, extraction and reconciliation of transactional data for efficient processing in any number of document-driven business operations. This Technology Audit addresses the solution’s powerful, scalable, and intuitive design, noting that “for companies that are looking to transform their document-driven business processes, the system can support the transformation and has demonstrated that it can pay for itself in 12 months or less.”

“Ovum recognizes that enterprises work with critical data from a multitude of document types in order to keep their business processes intact,” said Mike Davis, Senior Analyst at Ovum. “Thus there is an associated need to capture, search and retrieve data from the plethora of structured, semi-structured and unstructured documents received. Given the increasing volumes of these document types, and the content contained, intelligent tools such as Brainware’s Distiller, which provide integration with a wide range of enterprise applications, are essential to undertake the automatic processing of documents across the enterprise and generate the value from the information contained.”

“Intelligent data capture technology offers users unparalleled capability for boosting productivity across the enterprise,” said Charles Kaplan, Vice President of Marketing at Brainware. “Brainware’s Distiller platform provides increased efficiency and visibility for the world’s largest enterprises, enabling them to expand their output considerably without adding headcount, or even shift their existing manual data entry staff to other value-added activities within the organization.”

To read Ovum’s complete report on Brainware Distiller, click here.

Ovum provides clients with independent and objective analysis that enables them to make better business and technology decisions. Their research draws upon over 400,000 interviews a year with business and technology, telecoms and sourcing decision-makers, giving Ovum and its clients unparalleled insight not only into business requirements but also the technology that organizations must support. Ovum is part of the Datamonitor Group.

Brainware Distiller Comes to Capture 2011

2011-01-20T14:09:00.000-08:00

Conference Explores State-of-the-Art Technologies and Best Practices in Business Automation

January 20, 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 Capture 2011, being held February 7-9 at the Omni Dallas Hotel Park in Dallas, Texas. Sponsored by TAWPI, IAPP and IARP, this event will afford IT and accounting professionals an opportunity to meet with Brainware representatives and learn about the substantial gains in operational efficiency and visibility offered by Brainware Distiller™ intelligent data capture technology.

On February 8th, Charles Kaplan, VP of Marketing at Brainware, will deliver a presentation, “Leveraging Data Capture for Remittance Processing and Line-Level Recognition,” outlining the unique benefits of intelligent data capture for remittance processing efficiency.

Brainware recently sponsored a TAWPI-IAPP-IARP survey, “Global Trends in Automated Data Capture in AP,” exploring the persistent challenges accounts payable professionals routinely face, and the substantial benefits of invoice processing automation.

About Capture 2011

TAWPI, IAPP and IARP have joined forces to create Capture 2011—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 critical document-driven applications such as invoice processing, order entry, application processing, loan processing, tax processing, healthcare payments processing, mailroom automation, payments 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 will also feature valuable networking opportunities, and an expo hall in which attendees can see data capture and transactional content management technologies and services firsthand.

P2 Energy Solutions Selects Brainware Distiller for Accounts Payable

2011-01-13T06:50:00.000-08:00

Oil & Gas BPO and Technology Company Replaces Existing Solution with Brainware’s Intelligent Data Capture Platform

January 13, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that P2 Energy Solutions, a leading technology provider to the upstream oil and gas industry, has selected the company’s Brainware Distiller™ solution to process invoices and related accounts payable documents for the company’s outsourcing customers. Under this new agreement, P2 Energy Solutions is replacing their existing hosted solution with Brainware’s intelligent data capture platform.

“After an extensive evaluation of advanced data capture technology, we concluded that Brainware is the best vendor to deliver the levels of process automation and business reporting that is critical to our clients’ success,” said Bret Bolin, President and Chief Executive Officer at P2. “With Brainware, we will enhance our customers’ insight into critical information to help them run their businesses, as well as continue to improve their accounting operations.”

“Like many other Brainware customers, P2 is replacing their legacy imaging and capture technology with Brainware Distiller,” said Carl Mergele, Chief Executive Officer at Brainware. “By being able to grow their operations and offer more services to their customers, all without having to add expensive manual data entry operators, P2 is further strengthening their leadership position in the upstream oil and gas industry.”

P2 Energy Solutions is the only technology company that provides a comprehensive range of software, geospatial data, land management tools and outsourcing to the energy industry. More than 650 top energy companies use P2 products and services daily to improve decision-making, gain clarity into complex workflow scenarios and optimize upstream efficiency. P2 serves the entire energy sector—including hydrocarbon-sourced, as well as alternative-sourced energy, including solar, wind, hydro- and geothermal. With more than 80 years of experience in data and 30 years in software, P2 operates from headquarters in Denver, Colorado, and has offices in six locations including Houston, Texas; Dubai, UAE; and Calgary, Alberta. P2 employs 600 people.

Brainware Kicks Off 2011 with Expanded Sales Team

2011-01-11T14:01:00.000-08:00

Additional Personnel Reflects Considerable Revenue Growth in 2010

January 11, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that the company has continued to recruit new sales personnel to expand its reach into broader industrial and geographic markets, as well as explore opportunities for further addressing the processing needs of current customers. This expansion comes as the world’s largest companies continue to seek operational enhancements that boost their bottom lines, a demand that Brainware’s versatile, agnostic and highly compatible intelligent data capture technology is uniquely positioned to address.

For 2011, Brainware plans to aggressively pursue new opportunities throughout the market, and the addition of talented, motivated specialists will enable the company to meet ongoing automation needs globally.

“Since Brainware became an independent company five years ago, we’ve experienced a continuous and explosive rate of growth,” said Carl Mergele, Chief Executive Officer at Brainware. “Whether our customer is a healthcare provider, a global manufacturer, a government authority, a communications provider or a multinational bank, Brainware Distiller™ offers a highly scalable platform for streamlined operations that will save them time and money wherever it’s implemented.”

Midwest-Based Healthcare Provider Chooses Brainware Distiller for Invoice Processing

2011-01-04T10:38:00.000-08:00

Hospital Group Adopts Intelligent Data Capture for Increased Efficiency and Visibility

January 4, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that another prominent American healthcare provider has selected the Brainware Distiller™ solution for the efficient processing of invoices. This contract is consistent with other major health facilities, including Resurrection Health Care, Cook Children’s Health Care System and Gundersen Lutheran Health System, who seek advanced, nimble solutions that interface readily with legacy ERP applications to create efficiency, accuracy and transparency throughout the payables process.

With the medical community anticipating challenges to their revenue growth, these institutions look to innovative, proven applications that deliver a strong return on investment, and Brainware’s unmatched capability for header and line-item data extraction, simplification of invoice reconciliation/processing and ease of implementation within existing ERP specifications present a compelling business case for enabling substantial efficiency gains. By minimizing the need to focus revenues and human resources on accounting functions, healthcare providers are better positioned to create efficient processes that serve their core function of delivering healthcare to those in need.

“By offering healthcare providers the tools they need to process invoices quickly and accurately, as well as offering vastly improved visibility into their financial processes, Brainware Distiller allows them to make paying bills an afterthought,” said Carl Mergele, Chief Executive Officer at Brainware. “Intelligent data capture technology provides a scalable platform for the processing of a multitude of paper and electronic documents, minimizing touch points and making otherwise tedious functions simple and reliable.”

Brainware to Present at 13th Annual Needham Growth Conference

2010-12-28T10:39:00.000-08:00

December 28, 2010, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that company executives will present at the 13th Annual Needham Growth Conference being held at the New York Palace Hotel in New York City from January 11-13. Brainware’s presentation is scheduled to begin at 8:40 a.m. EST on Thursday January 13.

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 13th Annual Needham Growth Conference

Needham and Company, LLC's 13th Annual Growth Conference is a forum for institutional investors and venture capitalists to hear the latest updates from senior management teams of both public and private companies in the Clean Technology, Communications, Consumer, Enterprise Infrastructure, Industrial & Diversified Growth, Internet & Digital Media, Medical Devices, Semiconductors & Semiconductor Equipment and Software & Services sectors. The Needham Growth Conference (“NGC”) has become recognized as the largest and best-known growth conference in the industry. With over 1,500 institutional investors and venture capital professionals anticipated to attend, it has also become one of the best attended conferences on Wall Street. 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. The conference typically hosts over 325 growth companies and 3,000-plus one-on-one meetings between investors and companies. Approximately twenty percent of NGC’s presenters will be later-stage private companies to showcase our continued commitment to tomorrow’s leaders today. One-on-one meetings will be available. Please contact your Needham salesperson for registration details as space is limited.

Brainware and Optimos Partner to Deliver Intelligent Data Capture to the Public Sector

2010-12-21T05:55:00.000-08:00

Partnership Will Connect Federal Agencies with Efficiency-Boosting Capabilities of Intelligent Data Capture

December 21, 2010, Ashburn, VA and Reston, VA—Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, and Optimos, a leading government IT solutions integrator, announced today that they have entered into a partnership that will allow Optimos to integrate Brainware Distiller technology with its government solutions portfolio. The relationship will expand Brainware’s market reach within the public sector and enable Optimos to better meet the needs of its government customers. This development offers further opportunities to streamline paper-based processes within federal agencies that are seeking new solutions to cut costs, increase efficiency, provide transparency and improve service delivery.

“It became apparent to us that Brainware’s capabilities for data extraction and classification were the most advanced and well-suited to the needs of our customers,” said Lane Brent Forsythe, Optimos Director of Alliances. “We develop comprehensive service and case management solutions for our government customers. Agencies are under increasing pressure to identify innovative and cost-effective solutions, and Brainware’s track record of integrating easily with any number of operating systems to create process efficiency and visibility within multiple industry verticals provided a conclusive business case for addition to our repertoire.”

“Distiller’s value comes from its proficiency in transforming stacks of paper into useful business intelligence from the point of receipt, enabling the touchless processing of a broad range of transactional documents and the swift, fault-tolerant retrieval of vital information from across the enterprise,” said Colin Kaye, Senior Vice President of Strategic Alliances at Brainware. “Optimos is a trusted, expert provider of business solutions to public-sector organizations that emphasize efficiency and accountability, and this partnership represents a considerable step forward in serving those needs.”

About Optimos

Optimos is a strategy and enterprise IT solutions firm dedicated to helping government leverage technology to meet the most demanding challenges. For over 17 years, Optimos has been providing innovative mission focused solutions that manage complex information and dramatically improve operational performance. Optimos Government Service Management solutions drive collaboration, transparency and accountability. Headquartered in Reston, Virginia, Optimos has provided strategic solutions for a wide range of government agencies, including National Archives and Records Administration, U.S. Treasury, Library of Congress, National Science Foundation, Department of Homeland Security and U.S. Department of Housing and Urban Development. To learn more, visit www.optimos.com.

Brainware Demonstrates Prolonged Success, Outgrows Global Headquarters

2010-12-14T08:34:00.000-08:00

Brainware Expanding Operations to Accommodate Rapid Growth

December 14, 2010, Ashburn, VA —Brainware, Inc. the leading provider of intelligent data capture and enterprise search solutions, announced today that in the wake of strong revenues and rapid personnel growth, the company will be expanding the size of its Northern Virginia-based global headquarters by 40%. To maintain pace with a growing European customer base, Brainware is also pursuing an expansion of its operations in the United Kingdom and Switzerland.

In 2010 alone, Brainware’s full-time ranks have swelled by more than 25%, and revenues have grown considerably as companies from industries as disparate as manufacturing, energy, healthcare, government, Business Process Outsourcers and others discover the substantial value proposition offered by intelligent data capture as a platform for efficiency, accuracy and visibility in processing paper-based documents across the enterprise. Brainware’s new annex will position the company to better accommodate aggressive plans to continue hiring the best and brightest professionals for expanding its prospects worldwide, as well as providing thorough implementations and knowledgeable support to current customers.

“While most businesses have seen their revenues fall and are largely forced to adopt a ‘survival mode’ mindset, Brainware’s fortunes have thrived because enabling world-class performance in back-end operations is a winning proposition regardless of economic conditions,” said Carl Mergele, Chief Executive Officer at Brainware. “Brainware Distiller offers the most powerful data extraction capabilities, the fastest processing rates, the highest rate of touchless pass, the fewest errors and the greatest insight into operations, which translates to a decided competitive advantage. Brainware’s customer base grows because the technology does what it claims.”

Brainware Launches Search and Retrieval Solution for Compliance

2010-12-07T08:09:00.000-08:00

Globalbrain Technology Enables Powerful Search and Access Right Out of the Box

December 7, 2010, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced the release of its new enterprise compliance solution powered by Globalbrain. This out-of-the-box search and retrieval solution is designed to provide records managers, document managers, compliance officers and auditors with instant access to the content of documents stored across the enterprise. Built on Brainware’s award winning Globalbrain search technology, this solution overcomes the traditional limitations of keyword-based search by providing fuzzy, fault tolerant access to the information stored in scanned documents, email messages and attachments, and structured databases, regardless of language or document type.

According to a recent article in Computerworld, “Boolean keyword searches locate only 22% to 57% of the total number of relevant documents,” pointing out that “a search for the word ‘record’ could turn up documents related to a Beatles album, a Guinness world record or a recorded message.” Globalbrain eliminates the need to manually index fields, build taxonomies and define complex metadata values as part of the process of storing and retrieving information in an enterprise content management, records management or document management system. The full content of documents can be accessed by simply pointing the solution to one or multiple hard drives, file servers and/or other repositories, and running natural language queries. With the ability to support departmental as well as enterprise access to information, the system is scalable to the needs of companies of all sizes.

“Many organizations face substantial risk of liability associated with litigation and audit when they’re unable to produce relevant information in an accurate and timely manner,” said Charles Kaplan, Vice President of Marketing at Brainware. “The cost of manually indexing paper archives, combined with the limitations of traditional search often precludes companies from taking the steps required to protect themselves. With Globalbrain’s compliance solution, these organizations can simply scan paper documents, crawl existing file systems and immediately access the complete and most relevant information, regardless of location or language, while ultimately saving the cost of physical storage and retrieval. It’s an affordable, easily installed and easily maintained tool for retrieving data quickly and accurately, ensuring a heightened capacity for compliance with financial regulations, external audits, security-minded safeguards and more.”

By utilizing a patented “fuzzy logic” algorithm that interprets queries and results mathematically, Brainware Globalbrain recognizes patterns and contextual meaning in unstructured information, despite misspellings, OCR errors, language, and variations in text. The solution recognizes more than 400 file formats, including e-mail, PDF and internet sources, providing results as specific or broad as desired. Additionally, Globalbrain can process terabytes of data from across multiple repositories in a single instance, leaving only a 10% footprint of the original data being indexed.

On the issue of adoption...

2010-12-07T07:28:00.000-08:00

A recent blog post from Chris Rauen at Ariba discusses accounts payable automation, promoting the use of e-invoicing as an integral component of an effective accounts payable automation strategy.

According to a 2010 PayStream Advisors e-invoicing benchmarking report, the top inhibitor to realizing the "paperless office" remains a reluctance on the part of vendors to adopt e-invoicing. According to the report, 85% of all invoices still arrive in paper format, either via traditional mail or faxes and e-mails that must be printed before processing.

While the transitioning of suppliers to electronic invoice submission is a noble initiative that would certainly enable a goal of streamlined A/P processing, evidence makes it clear that such efforts rarely achieve the desired result, while placing a burden on suppliers to alter their process runs a risk of straining the vendor-customer relationship.

The bottom line is that companies looking to stay ahead of the curve with matters of process efficiency must focus the bulk of their efforts on maximizing opportunities on their end of the transaction. This scenario demonstrates the true value of technology that can augment or replace manual data processing efforts without requiring any changes on the part of suppliers. In fact, creating efficiency in this manner will serve to improve vendor relations, as payments can be made more quickly and accurately, satisfying vendor terms rather than imposing new ones on them.

Brainware and Taulia Partner to Deliver Integrated Accounts Payable and Discount Management Solutions for SAP Customers Worldwide

2010-11-30T06:25:00.000-08:00

Intelligent Data Capture and Dynamic Discounting Pioneers Join to Provide Innovative Technologies for SAP Users

November 30, 2010, Ashburn, VA and San Francisco, CA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, and Taulia, creator of the Taulia Invoicement® Suite for optimized dynamic discounting, buyer-supplier collaboration and data analysis in accounts payable, have entered into a partnership to deliver an advanced solution that maximizes the return on investment on accounts payable automation within the SAP market space.

“Brainware’s intelligent capture technology is unparalleled in its ability to streamline the accounts payable process, creating opportunities for organizations to focus fewer resources on paying bills while bolstering their bottom lines and optimizing their vendor relationships,” said Markus Ament, Vice President of Products and Solutions at Taulia. “Taulia’s innovative dynamic discounting platform and vendor portal allow for leveraging these efficiency gains financially, saving large buying organizations additional millions annually.”

According to a 2010 PayStream Advisors study, one third of businesses currently aware of dynamic discounting plan to utilize this method within their operations. Furthermore, Aberdeen Group research demonstrates that the lack of visibility into invoices presents the single greatest pressure—cited by 57% of respondents to a 2010 benchmarking study—for improvements in accounts payable.

“Our joint solution allows users complete visibility into the accounts payable process, giving them the power to manage and allocate cash for maximum financial benefit,” said Colin Kaye, Vice President of Strategic Alliances at Brainware. “Supplementing Taulia’s innovative discount and portal solutions with Brainware’s data extraction agility will introduce new frontiers in financial and operational efficiency for payer and supplier alike.”

About Taulia

Taulia is a leading provider of dynamic discounting solutions and self-service vendor portals, which combined improve supplier relations and generate significant value for your AP department and company as a whole. Headquartered in San Francisco, California, with a second office in Berlin, Germany, Taulia brings to the table a deep understanding of buyer-supplier processes and leading SAP expertise. As a certified SAP Partner, Taulia builds solutions that fully exploit your SAP system’s potential, rather than bypassing SAP and creating redundant functionality. For more information please visit http://www.taulia.com.

Resurrection Health Care Chooses Brainware Distiller for Invoice Processing Efficiency

2010-11-23T07:05:00.000-08:00

Major Chicago-Based Provider Streamlines Back End Processes with Intelligent Data Capture

November 23, 2010, Ashburn, VA — Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that Resurrection Health Care, a Chicago-based health provider serving hundreds of thousands of patients annually, will leverage Brainware Distiller™ for the automation of accounts payable within their McKesson ERP environment. Distiller will enable the efficient processing and three-way matching of invoices, while the Brainware Visibility™ module will provide greater access to up-to-the-minute financial metrics and analytics.

Encouraged by Brainware’s compelling business case for accounts payable automation, Resurrection is continuing to explore the technology’s case for addressing its needs beyond the A/P space. Implementation is expected by the end of 2010.

“Resurrection joins a growing number of American health providers who recognize the value of streamlining back end processes in positioning their operations for success as federal health reform and ‘meaningful use’ initiatives place increasing technology and patient care demands on them,” said Carl Mergele, Chief Executive Officer at Brainware. “Our solutions provide an effective, proven capability for the efficient processing of documents across the healthcare enterprise, including invoices, remittances, EOBs, HCFAs, UB04s, patient records and more.”

Resurrection Health Care is a nationally ranked leader in quality care. Its family of health care services provides advanced medical care and exceptional customer service with compassion and hope. In addition to six acute care hospitals, the system consists of nursing homes, retirement communities, home health services, behavioral health programs and numerous outpatient services conveniently located in many Chicago area neighborhoods. Resurrection Health Care is a not-for-profit Catholic organization sponsored by the Sisters of the Holy Family of Nazareth and the Sisters of the Resurrection.

Brainware and IAPP/IARP/TAWPI Release Results from Global Study on Trends in Automated Data Capture

2010-11-16T06:08:00.000-08:00

Report Summarizes Real-World Value in Automating Business Processes

November 16, 2010, Ashburn, VA and Orlando, FL —Brainware, Inc. and IAPP/IARP/TAWPI announce the release of the results from their groundbreaking study titled “Global Trends in Automated Data Capture in AP.” This definitive report demonstrates the extent to which automation, particularly advanced data capture, addresses universally-recognized priorities in accounts payable. Sponsored by Brainware and conducted by International Accounts Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP) and The Association for Work Process Improvement (TAWPI), this report analyzes and breaks down the responses submitted by accounts payable professionals across six continents.

Among the report’s findings:

Respondents who use automated data capture technology in their AP departments report significantly lower costs to process their invoices than those who don’t.

More than half of respondents from companies headquartered in Europe indicated that it takes their organization more than 15 days to pay an invoice.

More than 80% of respondents report that automation technology has resulted in faster invoice processing cycle times.

Nearly two-thirds of respondents reported that their number of errors has fallen since they deployed automated data capture.
Respondents are facing more stringent reporting, compliance, and audit requirements regardless of where their company is based.

"At a time when AP professionals are under tremendous pressure to improve operations efficiency and effectiveness, our study proves that automated data capture can help reduce invoice processing costs, while eliminating errors and speeding turnaround," commented IAPP-IARP-TAWPI Vice President of Research and Business Development Mark Brousseau. "It's for these reasons that we expect automated data capture to experience tremendous growth as the economy improves."

“This report clearly demonstrates that automated data capture enables best-in-class efficiency in AP,” said Charles Kaplan, Vice President of Marketing at Brainware. “It’s clear that leading companies are adapting their organizations to the current economic climate by adopting technology that gives them the visibility, flexibility, and the underlying cost structure to compete in the global economy. This report and analysis confirms a number of trends that we’ve been seeing for the past 18-24 months, and also includes some surprising new insights.”

Read “Global Trends in Automated Data Capture in AP” in its entirety.

About Brainware, Inc.

Brainware, Inc. is an innovative provider of intelligent data capture and enterprise search solutions that help Global 2000 companies eliminate costly manual data entry, rapidly process large volumes of documents and retrieve data from across the enterprise. Its solutions were built from the ground up to manage unstructured data without templates, exact definitions, taxonomies or indexing. Headquartered in Ashburn, Virginia, Brainware maintains global sales and support operations through its North American, U.K. and European offices. Brainware customers include Airbus, Alcon, Alltel (now Verizon Wireless), Amgen, Anadarko, BB&T, British American Tobacco, Continental Airlines, CORT, Gardner Denver, Halliburton, Her Majesty’s Prison Service, Johns Manville, Kimberly-Clark, KPMG, NHS/Steria, Newell Rubbermaid, Phillip Morris International Service Center Europe, Reynolds & Reynolds, Rockwell Automation, Shell, Southern Company, Sun Chemical, The Bank of New York Mellon/SourceNet, TriZetto, and many others. For more information, please visit http://www.brainware.com/.

About IAPP, IARP and TAWPI

International Accounts Payable Professionals (IAPP) is internationally recognized as the trustworthy guidance-setting association for the accounts payable profession. Serving members throughout the world, IAPP is the AP professional’s global voice, chief advocate, recognized authority, acknowledged leader, and principal educator on all AP operational, regulatory, leadership, tax, control, and fraud-related topics. Together, the IAPP and its sister organizations, International Accounts Receivable Professionals (IARP) and The Association for Work Process Improvement (TAWPI), have nearly 6,000 members in 70 chapters throughout the United States, Canada, and the United Kingdom, and provide training, conferences, knowledge sharing, certification, online resources, AP Matters, AR Matters and today magazines, and more. For additional information, visit http://www.theiapp.org/, http://www.theiarp.org/ and http://www.tawpi.org/.

Brainware to Expand Company Presence in France

2010-11-15T06:52:00.000-08:00

November 15, 2010, Ashburn, VA — Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that it has selected StartingFrance to pursue the development of the French market and recruit a few key partners there. StartingFrance founder Jerome Nicolet was a seven-year veteran of ReadSoft, where he served as President and Country Manager, and he brings his extensive market experience and domain knowledge of the data capture market to Brainware.

“Among the many reasons for teaming up with Brainware, there are several things that stand out for me,” said Jerome Nicolet. “Brainware’s technology guarantees high rates of field-level and line item extraction from complex documents. Additionally, Brainware Distiller not only automates data entry from virtually any type of document, but it also enables short implementation times. Last but not least, Brainware has developed an innovative channel concept with a very attractive success-sharing scheme for partners. It is definitely a win-win situation for both Brainware and the partners who are delivering large automation initiatives in accounts payable, accounts receivable, mailroom automation, and other areas. I see tremendous potential for Brainware technology in France.”

“Jerome Nicolet and his company are fluent with both the data extraction marketplace and the issues that are relevant to the companies and partners in the region,” said Colin Kaye, Vice President of Strategic Alliances at Brainware. “As Brainware expands our market coverage worldwide, we are confident that a few key partnerships will enable us to more quickly and effectively address the unique automation needs of local businesses.”

About Brainware, Inc.

About StartingFrance

StartingFrance specializes in Business Development on the French and German markets, exclusively for Software and High Tech companies. Our services center around partner recruitment and direct selling to endusers. We are on site in Paris and in Mannheim, and rely on a vast network of contacts in France and Germany among software companies, integrators, consulting companies and endusers. Experience and methodology guarantee flexible and cost-effective business development in the two markets we serve. For more information, please visit www.startingfrance.com.

Mayo Clinic Wins Silver Award for Technology Excellence at 15th Annual Alexander Hamilton Awards

2010-11-08T07:10:00.000-08:00

Enhanced Enterprise Search Solution Provides Convenient, Instant Access to Vital Business Intelligence

November 8, 2010, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, congratulates Mayo Clinic on their receipt of the Silver Award for Technology Excellence at Treasury & Risk's 15th Annual Alexander Hamilton Best Practices Awards conference. The annual Technology Excellence Award recognizes the most innovative corporate treasuries and finance departments for their exceptional implementation and use of automation to drive significant results within their organization. Finalists for this year’s award also included Cisco Systems and Google.

Mayo Clinic, the world’s first and largest not-for-profit integrated healthcare system, undertook an ambitious initiative two years ago to automate their Purchase-to-Pay (P2P) operations in direct response to the mounting pressures of healthcare reform and cost containment. Facing a growing volume of invoices combined with a target reduction in processing cost per invoice, Mayo Clinic’s finance leadership recognized that their current technologies could not deliver the efficiency gains or operating costs to get them to world-class performance status. Through a focused program that combined transformational technology and process change, Mayo Clinic has reduced operating cost, improved invoice cycle time, reduced error rates, and improved job satisfaction within the department.

“Mayo Clinic is an undisputed leader in the delivery of clinical care,” said Carl Mergele, Chief Executive Officer of Brainware, “and their achievement of excellence in finance and purchase to pay sets them apart in these areas as well. We congratulate Mayo Clinic on being recognized for their success.”

Brainware to Unleash Globalbrain v5.1 Enterprise Edition at KMWorld 2010

2010-11-03T07:14:00.000-07:00

Enhanced Enterprise Search Solution Provides Convenient, Instant Access to Vital Business Intelligence

November 3, 2010, Ashburn, VA — Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that the latest version of the company’s unique and powerful enterprise search solution, Globalbrain v5.1, will be featured at KMWorld 2010, being held November 16-18 at the Renaissance Washington, DC Hotel. This event focuses on the needs of executives and strategic business and technology decision makers concerned with improving their organization’s bottom line, business processes and productivity, as well as streamlining operations and accelerating development and innovation in their evolving enterprises.

In addition to providing a scalable, fault-tolerant, language-independent and highly adaptable enterprise search platform, this latest version of Brainware Globalbrain offers:

Web-based administration and monitoring. Globalbrain v5.1 provides a web-based interface for system administration, monitoring and reporting.

Customized document classification. Globalbrain v5.1 can automatically sort documents into pre-defined categories based on content and sentiment after being trained with a small handful of examples.

Notification of relevant data added. Users can choose to receive e-mail notifications when new documents relevant to desired queries or categories are added to their repositories.

Storage of a user's favored search queries. Users can save time by storing frequent queries for easy access.

“By delivering the capability to search an organization’s vast information repositories without being hampered by misspellings, poor scan quality, dictionaries or language limitations, Globalbrain is a powerful tool for locating important information efficiently and intelligently,” said Charles Kaplan, Vice President of Marketing at Brainware. “This solution is scalable to the needs of even the largest industrial operations, and integrates easily with any number of applications and portals, allowing the user to pinpoint very specific information or gather a broad range of documents at will. If it exists, Globalbrain can find it.”

KMWorld previously named Brainware to its 2010 KMWorld Hall of Fame, and declared Globalbrain enterprise search one of the Trend-Setting Products of 2010.

To learn more about Globalbrain v5.1, as well as the Brainware Distiller intelligent data capture solution, visit Brainware at KMWorld 2010, Booth #306, and enter to win a FREE Flip minoHD.

Brainware Distiller Selected by Global Pharmaceuticals Company for Invoice Processing

2010-10-27T07:35:00.000-07:00

Intelligent Data Capture Chosen for Optimal Visibility and Platform Versatility

October 27, 2010, Ashburn, VA — Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that a major biopharmaceuticals company headquartered in the U.S. has selected Brainware Distiller™ for invoice processing as well as the Brainware Distiller Visibility™ module for real-time metrics and reporting on the invoice processing cycle. By providing increased control over the accounts payable process, as well as a sustainable, versatile improvement to established internal processes, Distiller offered an attractive alternative to outsourcing A/P responsibilities to an offshore business process outsourcer (BPO).

Having experienced considerable growth through multiple acquisitions in recent years, this company was tasked with consolidating numerous legacy systems into a single ERP platform, and required a data extraction solution that could adapt and scale to these applications, as well as future additions to the corporate portfolio. Additionally, the increasing invoice backlogs had prevented the organization from capitalizing on early payment discounts, and limited visibility into the process made duplicate payments an ongoing concern.

This contract demonstrates Distiller’s proposition as a driver of value and new opportunities for organizations seeking to create efficiency and maximize their ability to direct resources towards innovative research. In this case, minimizing the cost of processing an invoice, claiming early payment discounts and reducing time- and labor-depleting process errors translates to increased funding for the development and proliferation of treatments for infectious and potentially lethal ailments.

“In choosing Distiller, businesses across a number of industries are declaring that creating efficiency—transforming slow, manual processes into lean, accurate and increasingly touchless ones—is a priority, and a proven vehicle for driving profit and opportunity throughout the operation,” said Carl Mergele, Chief Executive Officer at Brainware. “Furthermore, intelligent data capture allows large companies to maintain control and visibility into their A/P operations rather than take on the risks and the hidden costs of outsourcing operations to a third party.”

Survey Says: A/P Departments Face Challenges IDC Can Solve

2010-10-22T13:26:00.000-07:00

On October 20, IAPP and Brainware teamed for an interactive webinar exploring the value proposition for Intelligent Data Capture in accounts payable. As part of the presentation, participants, including A/P and finance personnel from across a broad range of industries, were asked to provide input on six vital factors at play in assessing A/P efficiency:

- How many days, on average, does it take your organization to pay invoices?

-How many invoices per month does your A/P department process?

-How many people (FTEs) are processing invoices in your organization?

-What do you believe is the biggest benefit to using automated data capture for invoice processing?

-What is your average cost to process an invoice?

-What percentage of invoices have a corresponding purchase order?

Among our findings:

Among businesses with a higher percentage of non-PO invoices, "fewer errors" was a desired trait in automation solutions. When a greater number of invoices require departmental approval (in the absence of a purchase order from which to verify), automation solutions provide a simple method for approval with minimal disruption to the overall process.

"Lower costs" was the most common perceived benefit of automation, particularly among departments paying over $6 to process each invoice.

Most participants had a very high percentage of PO-based invoices, with nearly half surpassing 80%. By adopting intelligent data capture solutions, such companies could ultimately realize a significant touchless rate of touchless pass, meaning the invoice is processed into an ERP system with no human intervention whatsoever--in other words, the ultimate model of efficiency.

Participants who took more than 8 days (or even 15 days) to pay an invoice were more likely to cite "faster turnaround" as a priority in automation. These organizations may be missing out on a great deal of revenue to be gained through early payment discounts, and the efficiency provided by intelligent data capture has proven helpful in this regard.

Survey: Benchmark Your Invoice Processing (Open through Nov. 1)

2010-10-21T05:52:00.000-07:00

Brainware and IAPP-TAWPI invite you to participate in a brief electronic survey to help AP organizations benchmark their invoice processing. In exchange for your time, you will be entered into a drawing to win one of five NetBook computers that will be awarded to respondents.

Go to: http://www.surveymonkey.com/s/DF9D7PP to complete the survey, which closes Nov 1.

The study will provide unbiased, actionable insights to help AP organizations understand how their peers process paper invoices, and their future technology plans. Our objective is to help AP organizations gain deeper insights about the adoption of automated data capture technologies and processes so they can make better informed strategic and tactical decisions. Full results on the survey will be published in November. The results also will be presented at IAPP's AP Evolution event in the UK, November 16-17.

The survey takes about five to 10 minutes to complete. As a person involved in AP operations, your participation will be greatly valued. The more people who participate in this survey, the better quality insights we will have to share with you.

Participant Benefits
Survey participants will receive a complimentary copy of the study. In addition, participants will receive special access to a webinar on the results of the survey. And; participants also will be entered to win one of five NetBook computers.

Participation in this survey is voluntary and anonymous. No individual results or information about individual organizations will be reported; only group/geographic results will be reported.

Brainware to Reveal the Secrets of Touchless Processing at UK Shared Services Conference

2010-10-20T08:10:00.000-07:00

Event to Showcase Brainware as Value Driver for P2P Efficiency

October 20, 2010, Ashburn, VA — Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, will be leading an intensive, hands-on solution workshop featuring its Brainware Distiller technology at How to Successfully Blend Finance Needs and SAP Functionality, an annual event hosted by Shared Services Link. This event, which is targeted specifically toward finance and IT professionals looking to maximize their investments in SAP enterprise resource planning applications, will be taking place October 26-29 at the Waldorf Hilton in London.

“Many of the world’s largest and most influential businesses have placed a high priority on improving process-level and organizational efficiency, and are thus consolidating their operations into shared services,” said Charles Kaplan, Vice President of Marketing at Brainware. “Brainware’s intelligent data capture solutions enable further shared services transformation by converting transaction processing into exception processing. By enabling truly touchless processing of invoices from the point of receipt to posting into SAP, these organizations are better able to focus their knowledge workers on higher value-added activities.”

Brainware has a well-documented record of enabling efficiency and accuracy in accounts payable for SAP users worldwide, including NEC Europe, Kuwait Petroleum, Airbus, Philip Morris International, and many others.

Cook Children’s Health Care System Chooses Brainware Distiller™ for Accounts Payable Automation

2010-10-13T06:15:00.000-07:00

Intelligent Data Capture Helps Providers Adjust to Increased Demand for Medical Care

October 13, 2010, Ashburn, VA — Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that Cook Children’s Health Care System has selected the company’s Brainware Distiller solution for the processing of invoices. Cook Children’s adoption of intelligent data capture technology complements their move to a Lawson ERP environment, delivering a comprehensive automation platform for back office operations that previously relied on manual processing exclusively.

“Brainware presented a clear and compelling value proposition with its intelligent data capture technology, as well as its record of success with other preeminent healthcare providers,” said Cory Rhoads, VP and Chief Accounting Officer at Cook Children’s. “When it came time to augment our processes with effective software solutions, we were drawn to Distiller’s ability to streamline otherwise tedious work and create new opportunities throughout the organization. By adopting this technology, we’re positioning Cook Children’s to achieve world-class efficiency in back office operations so we can maximize the resources available to our clinical objective of remaining on the cutting edge of pediatric care.”

“As the Patient Protection and Affordable Care Act spurs increased demand for healthcare nationwide, providers like Cook Children’s are looking to technology solutions that deliver immediate benefits to the organization,” said Carl Mergele, Chief Executive Officer at Brainware. “Brainware Distiller offers the best-in-class efficiency that allows providers to devote fewer resources to paying the bills and more to the treatment of patients.”

Cook Children’s Health Care System is one of the country’s leading integrated pediatric health care delivery systems. Based in Fort Worth, Texas, the non-profit organization includes more than 35 pediatric primary care offices and specialty clinics throughout Texas. Cook Children’s Medical Center is ranked in the top 5 percent of the nation’s hospitals for its nursing excellence and has a distinguished reputation for the uncommon care and outcomes achieved in its Neurology and Neurosurgery, Cardiology and Cardiothoracic Surgery, Neonatology, Hematology/Oncology and Pulmonology programs.

Perceptive Software Launches IntelliCapture Powered by Brainware

2010-10-06T07:33:00.000-07:00

New Solution Infuses Leading ECM Platform with Intelligent Data Capture

October 6, 2010, Ashburn, VA and Shawnee, KS — One year after announcing a partner agreement, Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, and Perceptive Software, creator of enterprise content management (ECM) solutions, have entered into an agreement enabling Perceptive Software to add the advanced technology of Brainware Distiller™ to its new image capture and intelligent OCR product, IntelliCapture.

IntelliCapture integrates Brainware’s intelligent data capture capability with a complete ECM solution from Perceptive Software, forming a robust document processing system that combines data capture, extraction, validation, routing and approval, as well as archiving and posting into systems such as Lawson, Oracle, and SAP.

The addition of Brainware’s intelligent, self-learning data extraction solution provides fast, accurate performance without templates, keywords or taxonomies. This proven, highly adaptable and scalable technology gives Perceptive Software customers enhanced document processing accuracy and speed in a wide range of processes that require more than the standard letterform recognition capabilities of traditional OCR.

“Perceptive Software’s solutions put high-value business content into the context of users’ everyday business processes allowing them to stay focused on the core applications they rely on. By combining these solutions with advanced and intelligent data extraction technology from Brainware, the industry leader in capture solutions, this value proposition for customers is made even more powerful,” said Darren Knipp, Chief Technology Officer at Perceptive Software.

“The core value of intelligent data capture has always come from its ability to infuse large businesses with the greatest possible operational efficiency,” said Carl Mergele, Chief Executive Officer at Brainware. “By integrating our Distiller technology with established, dependable solutions from enterprise IT innovators like Perceptive Software, Brainware delivers a level of process automation and access to business intelligence that translates to world-class performance.”

About Perceptive Software

Since 1995 Perceptive Software has built enterprise content management software, including ImageNow® document management, document imaging and workflow, to help organizations effortlessly manage the entire lifecycle of their documents and information, fueling greater operational efficiency. More than 2,500 organizations in 30 countries rely on Perceptive Software to simplify their business processes through innovative ECM solutions that create immediate and lasting impact. For more information, please visit www.perceptivesoftware.com.

About Brainware, Inc.

Brainware, Inc. is an innovative provider of intelligent data capture and enterprise search solutions that help Global 2000 companies eliminate costly manual data entry, rapidly process large volumes of documents and retrieve data from across the enterprise. Its solutions were built from the ground up to manage unstructured data without templates, exact definitions, taxonomies or indexing. Headquartered in Ashburn, Virginia, Brainware maintains global sales and support operations through its North American, U.K. and European offices. Brainware customers include Airbus, Alcon, Alltel (now Verizon Wireless), Amgen, Anadarko, BB&T, British American Tobacco, Continental Airlines, CORT, Gardner Denver, Halliburton, Her Majesty’s Prison Service, Johns Manville, Kimberly-Clark, KPMG, NHS/Steria, Newell Rubbermaid, Phillip Morris International Service Center Europe, Reynolds & Reynolds, Rockwell Automation, Shell, Southern Company, Sun Chemical, The Bank of New York Mellon/SourceNet, TriZetto, and many others. For more information, please visit www.brainware.com.

NEC Europe Chooses Brainware Distiller™ to Automate Accounts Payable

2010-10-04T06:40:00.000-07:00

NEC to Leverage Intelligent Data Capture in European Shared Services

October 4, 2010, Ashburn, VA — Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that NEC Europe has selected the company’s Brainware Distiller solution to process invoices at its shared service center in the United Kingdom. This contract includes the Brainware’s Visibility™ module for real-time KPIs, reporting and business intelligence.

A company-wide initiative to reduce operational costs directed NEC Europe to consider automation alternatives to the manual data entry costs associated with processing invoices into its SAP ERP system. Brainware Distiller proved to be the best solution.

“Brainware Distiller offered the most advanced data capture capabilities and the greatest opportunity for transforming our manual processes,” said John Dickens, UK Shared Service Centre Manager for NEC. “This solution will facilitate centralization of A/P invoice posting and our three-way match process. Furthermore, we are keen to look at opportunities for rolling out Distiller in Japan as well as expanding into our sales order process.”

Dickens added, “Distiller’s document-agnostic nature offers NEC opportunities to streamline and automate other business areas that will be migrated into our core SAP ERP system. As a comprehensive data extraction platform, Brainware’s solution dovetails with our ‘ONE NEC’ philosophy, which emphasizes smarter applications that promote the greatest possible experience for customers and vendors.”

“NEC required a solution that could accommodate the affiliate companies serving eight European countries,” said Carl Mergele, Chief Executive Officer at Brainware. “Distiller’s scalability makes it an immensely capable platform for consolidating and simplifying paper-based processes. By being able to process all types of documents in a broad range of languages, Distiller provides a singular answer to large businesses seeking to introduce efficiency throughout their operations.”

NEC Europe is a subsidiary of NEC Corporation, a leader in the integration of IT network technologies that benefit businesses and people around the world. NEC Europe is building upon its heritage and reputation for innovation and quality by providing its expertise, solutions and services to a broad range of customers, from telecom operators to enterprises and the public sector. For additional information, please visit the NEC Europe home page at http://www.nec.com/eu/.

Rabobank Group Implements Brainware Distiller™ for Mailroom Automation

2010-09-27T07:12:00.000-07:00

Premier Global Bank Uses Intelligent Data Capture to Streamline Operations

September 27, 2010, Ashburn, VA — Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that Rabobank Group has implemented Brainware Distiller for automation of its mailroom operations. Distiller will support Rabobank’s initiative to reduce its physical mail distribution by 85% within three years, and will provide a highly scalable technology platform that will act as an efficiency driver throughout the organization.

“Out of the numerous automation solutions we considered, Brainware Distiller stood out because it was not template or hardware driven,” said Bart Groenewoud, Product Manager ICT at Rabobank. “The Brainware technology lends itself to rapid integration and an immediate impact on processing efficiency, both of which are invaluable qualities for a department that processes thousands and thousands of pages each day.”

Rabobank is reporting gains in process efficiency within weeks of going live with Distiller’s advanced data extraction technology.

“The Brainware project team implemented Distiller within the Rabobank architecture in a matter of days,” said Groenewoud. “Prior to this initiative, we had a very time-consuming routine in place which included receiving, analyzing and sorting documents before manually entering the data into our system. Upon introducing Distiller into this environment, we’ve witnessed a remarkable decrease in processing time and the effort required to manage the mail.”

Groenewoud added that by digitizing incoming paper mail directly from the mailroom, Distiller will be instrumental in allowing Rabobank employees to access and manage this data from anywhere in the world.

“By processing both structured and unstructured documents at the point of receipt, Distiller offers Rabobank a wealth of efficiency across the enterprise,” said Carl Mergele, Chief Executive Officer at Brainware. “Efficiently managing paper-based information allows large businesses to access vital business intelligence in the least amount of time, streamlining operations and enabling world-class performance.”

Headquartered in the Netherlands, Rabobank Group offers retail banking, wholesale banking, asset management, leasing and real estate services. Internationally, Rabobank is the premier bank to the global food and agriculture industry. With over 58,000 full time employees and 10 million customers in 48 countries, Rabobank Group is among the world’s 25 largest financial institutions. Ranked by Global Finance as one of the “World’s Safest Banks” (2009), they are the only private bank in the world with a AAA credit rating from both Standard & Poor’s and Moody’s.

Gundersen Lutheran Health System Selects Combined Brainware and Ascend Solution for World-Class A/P Processing

2010-09-20T10:58:00.000-07:00

Brainware and Ascend Software Partner to Deliver Intelligent Data Capture

September 20, 2010, Ashburn, VA and Brea, CA — Brainware and Ascend Software announced today that they have partnered to deliver the Brainware Distiller intelligent data capture (IDC) solution along with Ascend Software’s business process automation solution to the Gundersen Lutheran Health System. One of the Thomson Reuters 100 Top Hospitals of 2010, Gundersen Lutheran will utilize Brainware Distiller and Ascend’s SmartTouch A/P technology to automate accounts payable processing, with an objective of increasing operational visibility and control within their Lawson ERP environment.

"After an extensive evaluation of frontline vendors for our A/P imaging and workflow solution, we selected Ascend Software's Business Process Automation with real-time Lawson integration and Brainware's intelligent data capture solution, Distiller,” said Karen Haville, Project Manager for Finance/Accounting at Gundersen Lutheran. “We believe that together, these products deliver both the best data extraction technology and the best workflow solution. The combination of these two products will yield the greatest automation available, providing Gundersen Lutheran the maximum savings and optimal efficiencies."

Brainware and Ascend share the same philosophy of building superior solutions from the ground up. The companies have partnered to combine their approach and to leverage their mutual in-depth market knowledge to offer all customers innovative, sustainable and results-oriented solutions.

“Brainware is the leader in intelligent data capture and their ability to image and extract data with superior accuracy rates complements our advanced workflow and document management solution,” said William Carey, EVP Business Development and Partner Alliances of Ascend Software. “Together, Ascend and Brainware will deliver a true best-of-breed data capture solution that provides unmatched recognition rates, extensive productivity enhancing automation and the shortest implementation timeframe. This, accompanied by Ascend’s business process management solution, will provide Gundersen Lutheran with a complete end-to-end solution.”

“The visibility and control that companies like Gundersen Lutheran can now achieve through the deployment of business process automation tools integrated with intelligent data capture are impossible to ignore,” says Colin Kaye, Vice President of Strategic Alliances for Brainware. “Ascend and Brainware will deliver a combined solution that addresses the needs of Gundersen Lutheran and other leading organizations that are aggressively striving to optimize their operations.”

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, Virginia and Northern California. Visit http://www.ascendsoftware.com for more information.

Brainware to Unleash Document Intelligence at Oracle OpenWorld 2010

2010-09-16T09:25:00.000-07:00

Showcase to Highlight Benefits of Intelligent Data Capture

Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that it will be exhibiting at Oracle OpenWorld 2010, being held September 19-23 at the Moscone Center in San Francisco, California.

Brainware will showcase its Brainware Distiller, Globalbrain and Visibility modules at one of the world’s pre-eminent business-to-business technology exhibitions, providing demonstrations and regularly scheduled theater presentations throughout the event. Additionally, this year’s attendees will have an opportunity to observe how Brainware Distiller, when coupled with OPEX mailroom solutions, provides advanced mailroom automation functionality that extracts vital intelligence from incoming mail at the front end, delivering valuable data throughout the enterprise with rapid, world-class performance.

Oracle is a world-leading provider of Enterprise Resource Planning software and has embedded Brainware Distiller into its Imaging and Process Management platform under the label Oracle Forms Recognition (OFR).

“I look forward to this opportunity to meet with potential partners and clients,” said Carl Mergele, Chief Executive Officer at Brainware. “Our Distiller solution is unparalleled in its ability to extract data from unstructured documents and streamline vital business processes for Oracle users worldwide, and this event allows us to demonstrate Brainware’s unique capabilities to members of the Oracle community.”

To speak with a Brainware specialist, or to observe a presentation demonstrating the capabilities of intelligent data capture, visit the Brainware booth (#1033 Moscone South).

Brainware is a Gold level member of the Oracle PartnerNetwork.

Adaptability is often key to survival...

2010-09-02T05:41:00.000-07:00

An article appearing today on CFO.com, "Captains of Capex," discusses the success of certain businesses that maintained or even increased capital expenditures in the face of an economic downturn. Among other things, the piece makes a case that having a highly mobile process and product is advantageous to cashing in on new opportunities:

To maintain efficient use of capital and a flexible approach to markets, companies investing in capital equipment are attempting to make sure that equipment is as light and portable as possible. The idea is to be able to quickly shift manufacturing to adapt to new markets. "If you walked into any of our production facilities on day one and you went back there in a year, it would be different," says (CFO Bob) George of Esterline. "We're continually looking at ways to improve how we move our product
through."

Similarly, Shaw Group has just built a facility in Lake Charles, Louisiana, that will use modular techniques in constructing nuclear-power plants. Rather than building a plant entirely on site, the company will assemble large sections in the factory and ship them to the construction site to be put together. "It's cheaper, more efficient, and safer doing these things in the plant," said (Shaw CFO Brian) Ferraioli, noting that the company has spent $100 million on the plant.

The ability to adapt to changing conditions is one of the greatest features a supplier can have. Innovative thinking, a willingness to change point of view in the face of external forces and a commitment to delivering services more efficiently will always keep you one step ahead of the competition. Sometimes the solution you've got isn't quite the solution your prospects need. When times are difficult and the number of businesses willing to make a major investment might be dwindling, the person who can best reconcile their operations with the needs of their prospect will find themself a survivor.

Major American Health System Automates Accounts Payable with Brainware Distiller

2010-08-27T11:29:00.000-07:00

Intelligent Data Capture Helps Deliver on the Goals of Modernization and Efficiency Improvement

Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions,
announced today that a Midwest-based healthcare system has chosen Brainware Distiller™ for the automation of hundreds of thousands of invoices annually in a McKesson ERP environment. This client will be automating a completely manual A/P environment and joins the growing number of healthcare providers, payers, researchers and suppliers who have selected intelligent data capture technology to drive efficiency in their accounts payable process. This contract includes Brainware’s Visibility™ module for real-time financial metrics and analytics.

The automation of back end processes dovetails with the federal government’s efforts to introduce paperless processing throughout the healthcare space. According to a recent White House memorandum, “the Recovery Act (a.k.a. ‘the stimulus bill’) is investing approximately $20 billion in health information technology to boost significantly advancements in electronic health records, e-prescribing, e-care, and community health initiatives.” By leveraging Brainware Distiller to automate A/P, healthcare providers are taking a further step to modernize costly, outdated processes for the benefit of more purpose-driven functions. One of this client’s key objectives is the reassignment of data entry personnel to other units within the organization, a key value driver in an environment where revenues are better spent on patient care and clinical research.

“Some of the most advanced medical institutions in the world continue to operate with labor-intensive data entry,” said Carl Mergele, Chief Executive Officer at Brainware. “Our technology drives substantial return on investment within the ERP and document management systems that are common within the healthcare industry, allowing more providers to cut the cost of processing invoices and devote more funds to saving lives and developing treatments.”

Reflecting the company’s continued commitment to the healthcare industry, Brainware will be participating in the Healthcare Payments Automation Summit, September 19-21 at the Sheraton Boston Hotel. In addition to demonstrating Distiller’s applications for esteemed members of the healthcare community, Brainware’s Vice President of Marketing, Charles Kaplan, will be participating in a panel discussion about the benefits of A/P automation within a healthcare-oriented operation.

Sometimes you find new benefits in unusual places...

2010-08-27T10:33:00.000-07:00

This afternoon, I encountered an article in Healthcare IT News that explores how one doctor is using text messaging as a means of effectively keeping diabetic teenagers attentive to their medication needs:

Recognizing that text messaging was the primary mode of communication for her patients, Jennifer Dyer, MD, MPH, an endocrinologist at Nationwide Children's Hospital, developed the idea for the pilot as a way to help remind her teenage patients to take their insulin treatments.

Studies have shown that adolescent patients have a greater difficulty adhering to treatment and medication activities than adults. Thus, there is a significant correlation between increased independence and decreased treatment adherence in adolescents. The rate of medication non-adherence among adolescent recipients is approximately four times higher than that among adult recipients.

What struck me was the manner in which a device that is often cited as a symbol of today's youth becoming more addicted to technology and less engaged in traditional social interaction--the text message--was in this case being exploited for decidedly beneficial, even protective, means.

Perhaps ideas such as these are to be anticipated in a world where the very nature of our communications have been and continue to be revolutionized. Where some people see a decline in social etiquette and a hyperactive focus on trivial events in one's daily routine, someone else sees an opportunity to promote healthy living. This doctor saw the text message as a tool, and in the right hands that tool could be used for noble means.

In the presence of intelligent data capture technology, one could say the same thing about Accounts Payable. For most organizations, A/P represents a necessary evil, a source of extensive labor costs, costly processing errors and potential liability in the face of government auditors and regulators. Furthermore, their job exists for the sole purpose of transferring revenues away from the business.

And yet, when that A/P department adopts an IDC solution to speed the process, reduce errors and increase operational visibility, that department becomes a source of profit potential. Faster processing allows the company to take advantage of more early payment discounts. (If these discounts can provide more savings than the cost to process every invoice, you've already turned A/P into a profit center!) Increased efficiency means fewer people can handle greater workloads, allowing for the transfer or dismissal of headcount. Increased visibility can be leveraged for greater cash flow and cash management, allowing managers to implement the policies that are most advantageous to the company.

New technologies can be a source of great opportunity for those willing to think in new ways.

Well...not all new technologies...

"There is too much data."

2010-08-25T08:39:00.000-07:00

In a recent interview with Forbes, Herman Epstain, CIO of Baltika Breweries in St. Petersburg, the largest brewery in Eastern Europe, discussed the difficulties and opportunities posed by IT around the globe. I found this bit quite telling:

So what's your biggest challenge as CIO?

There is too much data. We have a huge information system with about
10,000 users. We have a huge database, and it's growing. The size of
our database is 100 terabytes. All this information is available, but no
one can summarize it. For decision-making, we don't have the ability to
analyze this information on a just-in-time basis.

When dealing with a vast organizational network--according to this article, Baltika employs 4,500 sales representatives to service more than 200,000 points of sales throughout Russia--there are an awful lot of cracks through which something can slip. An error here or there may not mean much, but a trend of errors on a large scale could add up to a lot of Rubles going down the drain.

One cannot underestimate the importance of utilizing the right data management applications, and maintaining visibility over one's valuable business intelligence. Shareholders tend to frown upon waste, and when problems go undetected internally, the consequences of regulators or auditors finding them for you can be quite costly--in revenue, yes, but also in terms of legal issues, public relations issues, and more.

Does your business suffer from "too much data?" If so, how do you plan on corralling that data into being a tool that works for you, and not against you?