The Walt Disney Company Lauded for Innovation in Accounts Payable

Brainware Distiller Cited as Key to Media Conglomerate’s Shared Services Strategy

May 17, 2012, Ashburn, VA—Brainware congratulates The Walt Disney Company(Disney) on receiving the 2012 Huntington Innovation Award for their achievement in accounts payable shared services at Fusion 2012.

According to the announcement by The Institute of Financial Operations, “the goal of the Huntington Innovation Award is to recognize the best of the best, and to showcase the ideas, accomplishments and creativity of the most innovative, progressive and forward-thinking individuals and organizations in the financial operations world.”  In honoring Disney for their innovations, The Institute notes, “using Brainware’s Distiller application to complement its existing platform, The Walt Disney Company built a comprehensive invoice payment strategy that innovates at their astonishing scale levels (nearly 6 million invoices annually).”

Andre Hale, Disney’s Director of Accounts Payable, accepted the award on behalf of his team.

“Disney is one of the world’s most widely recognized brands, providing a vast array of entertainment for all ages, and it demands world-class technology to achieve world-class performance in financial operations,” said Carl E. Mergele, Executive Vice President and General Manager at Brainware.  “Brainware is proud to deliver the tools that support Disney’s accounts payable operation in becoming a model of efficiency, and congratulates them on this well-deserved honor.”

Advocate Health Care Selects Brainware Distiller for Accounts Payable Automation

Distiller Replaces Outdated OCR Technology, Cited as More Comprehensive than E-Invoicing

May 17, 2012, Ashburn, VA—Brainware announced today that Advocate Health Care, a Chicagoland-based healthcare provider that includes several hospitals cited by U.S. News and World Report’s “Best Hospitals 2011-12” report, has selected Brainware Distiller for optimal efficiency and visibility in accounts payable automation.  This implementation will replace another vendor’s OCR application.

“I observed a presentation by Anixter International outlining the success they’d had in using this technology to boost productivity and accountability in their accounts payable routine, and it was a real eye-opener in terms of the possibilities intelligent data capture offered for building efficiency in our accounts payable function,” said Sonia Lewis, Accounts Payable Manager at Advocate Health Care.

“We welcome Advocate Health Care to the growing list of healthcare providers using intelligent data capture,” said Carl E. Mergele, Executive Vice President and General Manager at Brainware.  “Through the efficiencies gained by intelligent data capture, Advocate plans to streamline back end processes to drive resources into their core mission of creating the best place for patients to heal, physicians to practice and associates to work.”

Advocate Health Care, one of the nation’s top 10 health systems, based on clinical performance, is the largest health system in Illinois and one of the largest health care providers in the Midwest.  For more information, please visit www.advocatehealth.com.

Observe a complete case study presentation detailing Resurrection Health Care’s success in using Brainware Distiller to drive efficiency in their accounts payable operation.

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.

Brainware Distiller as a Service (DaaS) Now Available, Boosts Productivity More Than 700%

Distiller on Microsoft Corp.’s Windows Azure Provides Robust, Reliable Delivery for Intelligent Data Capture

May 14, 2012, Ashburn, VA—Brainware announced today the release of Brainware Distiller as a Service (DaaS).  In recent beta testing, SBA Communications, a leading U.S.-based owner and operator of wireless communications towers, boosted productivity in the processing of utility invoices by more than 700% with DaaS.  DaaS is a cloud-based version of the Brainware Distiller platform for template-free classification, extraction and processing of unstructured data, hosted on Microsoft Azure.

Without DaaS, SBA required up to six employees to process roughly 600 utility invoices each day into the company’s Microsoft Dynamics GP ERP system.  The majority of these documents, when scanned, were third generation, poor quality images including stamps, handwriting and other obstructions inherent to the manual processing of paper documents.  Brainware DaaS provided SBA with the ability to process more than 700 such scanned invoices daily, with a single data entry clerk handling exceptions and additional field data entry.

“We were extremely impressed by Distiller’s capabilities and the impact that Distiller had on reducing data entry workload in accounts payable,” said Jorge Grau, CIO at SBA Communications.  “Brainware demonstrated an unprecedented ability to locate and validate invoice data based on the content of the document.  The fact that we don’t need to set up or manage software and IT infrastructure and can use the product as a service made it extremely attractive to us.”

“This technology would allow us to re-purpose most of our end-users away from the data entry process and towards other areas within the organization,” added Grau.

“Automating with Distiller offers remarkable efficiency in terms of processing document-based data, in this case enabling one data processing clerk to do the same amount of work that would have previously required seven or more to complete,” said Carl E. Mergele, Executive Vice President and General Manager at Brainware.  “In bringing Distiller technology to the cloud, we chose to work with Microsoft due to their reputation for product reliability, considerable experience in product development and meeting the needs of enterprise IT, exhaustive partner ecosystem, and available resources for optimizing our products’ functionality for users.” 

“Creating new and diverse ways to bring intelligent data capture to financial operations professionals will enable companies to make slow, error-prone manual data entry routines a thing of the past, and world-class productivity a staple of their future,” added Mergele.

Brian Goldfarb, Director of Windows Azure Product Marketing at Microsoft, said, “By utilizing Windows Azure’s virtually unlimited scalability, elasticity and reliability, Brainware can help its customers become more productive and efficient anywhere in the world.  Distiller is an example of an application that takes advantage of Windows Azure to help customers solve real business problems.”

http://www.brainware.com/docs/press_release/20120514_brainware_distiller_as_a_service_now_available.php

Icelandair Group Selects Brainware Distiller for Invoice Processing Efficiency in Shared Services

Brainware Chosen for Rapid Implementation, Low Cost of Ownership, Scalability

May 8, 2012, Ashburn, VA—Brainware announced today that Icelandair Group (NASDAQ OMX Iceland: ICEAIR), a Reykjavik-based enterprise including airline, freight, hotel, tour and ground services operations, has selected Brainware Distiller for the automation of accounts payable operations in the company’s shared services center—Fjarvakur.  The customer selected Distiller after evaluating competitive offerings from Kofax and ReadSoft.

This project will include the Brainware Visibility module for instant metrics and analytics, supporting greater transparency and accountability in accounts payable.

“In evaluating available solutions for accounts payable automation, it became quickly apparent that Brainware’s technology was most capable for supporting our long-term process improvement strategy,” said Magnús Kr. Ingason, Managing Director of Icelandair Shared Services.  “Distiller did not demand the same commitment of time and labor to implement, which means we should realize a quicker return on the investment.”

“We also liked Brainware’s offering for greater reporting on the status of our invoices, which helps us manage operations on a day-to-day basis,” added Ingason.

“In addition to demonstrating extremely high rates of field data extraction, Distiller’s template-free approach translates to low cost of ownership, as new document formats and increased volumes can be handled effortlessly,” said Carl E. Mergele, Executive Vice President and General Manager at Brainware.  “Intelligent data capture technology builds upon the efficiency of a shared services model to enable faster, more accurate processing, as well as greater insight into the overall process, from receipt to post.  Brainware is proud to serve Icelandair Group’s data capture needs.”

Icelandair Group focuses on the international airline and tourism sectors with Iceland as a cornerstone of an international route network.  The Group consists of nine subsidiaries that are inter-related and support each other, both through revenue generation and in cost-sharing.  Icelandair is the largest subsidiary and the main driver in the Group´s operations.  For more information, visit www.icelandairgroup.com.

http://www.brainware.com/docs/press_release/20120508_icelandair_group_selects_brainware_distiller.php

World Trade Office Solutions Joins Brainware to Deliver Intelligent Data Capture

"No other product offers the business value that Brainware’s Distiller does."

May 1, 2012, Ashburn, VA—Brainware, Inc. announced today that World Trade Office Solutions, a New York-based provider of office equipment, document management, mailroom solutions and IT consulting services, has entered into an agreement with Brainware to distribute the Brainware Distiller application for intelligent data capture.  The contract, which holds a total value of nearly one million dollars for Brainware, reflects World Trade’s commitment to developing document management system (DMS) solutions that offer scalable, highly functional data extraction capabilities to its customers.

“Increasingly, our prospects cite intelligent data capture as an ideal catalyst for efficiency and optimal performance in their document-driven operations,” said Joe Berg, President of World Trade Office Solutions.  “In following a wealth of available products that address the needs and challenges of our customer base, we concluded that no other product offers the business value that Brainware’s Distiller does.  This is a powerful technology for alleviating the pain points of high-volume data processing, and we see great potential in adding it to our portfolio.”

“By delivering a highly-automated mechanism for capturing data the moment it enters the office, reconciling transactional data from key documents such as invoices and remittances, and making vital intelligence accessible throughout the organization, Distiller offers a true mailroom-to-boardroom solution for world-class efficiency,” said Charles Kaplan, Vice President of Marketing at Brainware.  “As a scalable platform for processing data, Distiller frees customers from the tedium of manual data entry, allowing them to devote their resources to operational improvements, strategic cash management and customer service.  Brainware anticipates this contract will create considerable opportunities for World Trade Office Solutions, a company that carries a stellar reputation for offering innovative, comprehensive solutions to a broad range of satisfied clients.”

World Trade Office Solutions, formerly World Trade Copiers, was founded in 1985 as a service and repair shop for copiers, telex machines, typewriters, dot matrix printers and telecopiers, known today simply as fax machines.  The company expanded its leasing in 1992.  World Trade Office Solutions is now situated in Brooklyn, where the company’s showroom, offices, warehouse and service area are located.  Today, the company specializes in office equipment, document management, and IT consulting and support.  For more information, visit www.worldtradecopiers.com.

http://www.brainware.com/docs/press_release/20120501_world_trade_office_solutions_join_brainware.php

Brainware Recruits New Talent, Nearly Doubles Sales Team

Company Broadens Ranks to Handle Breadth of Opportunities Following Recent Acquisition

April 24, 2012, Ashburn, VA—Brainware, Inc. announced today that the company has increased its sales ranks by nearly twofold in April, inclusive of both U.S. and EMEA-based operations.  This expansion reflects Brainware’s continued success in serving Global 2000 enterprises, encompassing industries as diverse as healthcare, manufacturing, energy, government and others. 

As Brainware continues to capitalize on new opportunities in the marketplace, increasing the number of available specialists will be crucial to the company maintaining its high standards of service to customers worldwide.

“Having significantly outpaced industry growth trends, expanded our collaborations with vital partners like Microsoft, diversified our development strategies in EMEA and set our sights on the Asian market, Brainware must be relentless in building a team that will support our mission of putting global enterprise in touch with its data,” said Carl E. Mergele, Executive Vice President and General Manager at Brainware.

Brainware and the Institute of Financial Operations Preview Fusion 2012 Program

Webinar to Showcase Attendee Benefits for AP, AR, P2P, Document Management

April 10, 2012, Ashburn, VA—Brainware, Inc., the market leader for intelligent data capture in accounts payable, and the Institute of Financial Operations, the globally recognized authority on best practices in financial operations, will be co-hosting a webinar on Thursday, April 26, to discuss networking and educational opportunities at Fusion 2012, the Institute’s premier event for peer-driven learning and networking opportunities covering the full spectrum of financial operations. Brainware is title sponsor for Fusion 2012.

Thomas M. Bohn, President and CEO of the Institute of Financial Operations, will outline how Fusion empowers the financial operations professional with personal attention, customized programming, and the ability to connect with other attendees and speakers. Charles Kaplan, Brainware’s Vice President of Marketing, will highlight key Fusion 2012 educational breakout sessions for various financial operations disciplines including accounts payable, accounts receivable, document management and procure-to-pay. Kaplan will also be leading a thought leadership session at the conference.

Breakout sessions to be hosted by Brainware specialists at Fusion 2012 include:

• “Managing the Long Tail: Automating AP Across Your Entire Supply Base”


• “Building the Business Case for AP Automation”


• “Mailroom to Boardroom Efficiency: Turning Physical Mail Into Business Intelligence”


• “How to Boost Your AR Efficiency by 400-500%”

“Fusion 2012 offers financial operations professionals a wealth of knowledge in addressing the challenges posed by day-to-day activities, best practices in achieving world-class efficiency and accountability, and the real-world experiences of peers from all industries,” said Kaplan. “The Institute of Financial Operations excels at providing timely, insightful information to the financial operations community, and Brainware is proud to play a leading role in demonstrating the value of technology in improving vital processes through all parts of the enterprise.”

Register to join this free webinar, "Fusion 2012 Sneak Preview."

Register to attend Fusion 2012, taking place May 13-17 at the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee.

Financial Operations Will Never Be Paperless - But They Can Be More Effective

For decades, financial operations executives and strategists have been cognisant of “the paperless office,” the dream that someday vital business documents—invoices, remittances, orders, claims, health records, legal documents, HR documents and others—will be processed and stored without need for paper, instantly transferrable as electronic data at a moment’s thought. Yet despite ground- breaking technologies that have changed our businesses in a manner that renders them extraordinarily different from what they once were, global enterprise finds itself using more paper than ever before. Notwithstanding the best intentions of software developers devoting untold billions to its creation, the “paperless office” remains as much a myth as it ever was.

If your suppliers, customers, partners, employees and others continue to bury your front and back offices in paper, the key to creating efficiency lies not in tediously converting these documents to electronic media, but by leveraging new technologies to better play the hand (paper) you’ve been dealt.Yes, you can save a great deal of paper through e-invoicing or EDI technology, but good luck converting your vendor master file to 100% e-invoicing/EDI when it consists of thousands upon thousands of unique suppliers. E-invoicing provides a possible solution—even a desirable one—for handling the small number of vendors with whom you conduct the bulk of your business, but that “long tail” of suppliers will remain the source of considerable burden to your resources.

Without some form of automation, the only way to scale for processing greater document volumes is to add headcount. As the business expands and acquires new units, the expense of handling paper increases. Want to capture every early payment discount? The additional labour will consume the savings. Want to reconcile all incoming remittances before the payment deadline, to ensure no disruptions to services (and therefore angry customers)? That’ll cost you. Are your paper documents falling through the cracks? According to the Aberdeen Group, it’ll cost you €165 to replace each of those. The International Office Management Association estimated that 1.6% of all payments areerroneous—adding up to a considerable sum for a multi-billion-dollar operation, not to mention the experience of vendor frustration and complications.

According to a recent survey of accounts payable professionals conducted by the Institute of Financial Operations, businesses globally—especially the largest (Global 2000) enterprises—are coming to embrace intelligent data capture technology as a driver for creating the speed, efficiency and control that has largely eluded financial operations since “paperless office” first became a buzzword. More than 80% of respondents to this survey reported that automation with this technology has decreased their process cycle times. Nearly 60% reported lower error rates. A plurality of respondents who have implemented intelligent data capture reported that the foremost benefit they’ve observed was greater visibility and reporting throughout the process, which translates to greater compliance, an ability to quickly respond to vendor inquiries and a stronger capability for managers to make informed, strategic financial decisions.

World-class productivity can be achieved when large businesses stop chasing the “paperless office” and start using intelligent data capture technology to manage what paper they do have. After implementing such an application, a global media conglomerate was empowered to immediately shift 80% of its accounts payable personnel away from manual data entry and towards more strategic, forward-looking functions within the organization. A shipping company was able to boost its remittance processing productivity by up to 500%, eliminating its weekend backlogs while maintaining the same accounts receivable data entry headcount as a €1.1 billion operation that it had as a €150 million operation. A manufacturer processes 2.5 million invoices annually, issued by 100,000 unique vendors, using only four data entry personnel. An energy provider sorts incoming mailroom (including email, fax, and other media) parcels into 1,000 unique document classes, and leverages the technology to create a completely transparent ECM, providing immediate access to necessary business intelligence from mailroom to boardroom. Countless healthcare providers are spending less time and money on paying the bills, and devoting more of its resources to research and patient care.

While the “paperless office” may remain a pie in the sky, technology exists today that delivers on the promise of efficiency, transparency and productivity unreachable through manual processes alone. Intelligent data capture offers executives the opportunity to streamline financial operations while making them more accurate and accountable, transforming resources spent shuffling paper into resources planning for the future and supporting the company’s core objectives.

Rotech Healthcare and Crouse Hospital Select Brainware Distiller and Ascend SmartTouch

Automation Provides Clear Efficiency and Visibility Benefits in Accounts Payable

April 3, 2012, Ashburn, VA and Brea, CA—Brainware and Ascend Software announced today that Rotech Healthcare (NASDAQ: ROHI), an Orlando, Florida-based provider of medical equipment and services, and Crouse Hospital, a major healthcare provider based in Syracuse, New York, have selected a combined Brainware and Ascend solution for accounts payable (AP) automation. This combined solution provides powerful capabilities for sorting and extracting header and line item invoice data with efficient routing for approval, integration with legacy content management platforms and quick, simplified document retrieval on the back end.

“Recognizing that accounts payable demands are high, Crouse Hospital’s finance team was motivated in finding a proven paperless solution to organize our AP department to meet today’s challenges,” said Deborah Montrond, Accounts Payable Manager for Crouse. “We needed to implement workflow automation to improve efficiency, reduce invoice processing time and assist with month-end accruals. After many months of reviewing other companies’ products and services, we chose Ascend Software—which embeds Brainware’s data capture technology—because we feel their solution will work best for us.”

“Ascend’s ground-up design and deep understanding of Accounts Payable and business processing allow us to identify and implement greater cost-cutting automation, while providing our customers with a solution that adapts to change,” said Larry Robinett, Vice President, Sales at Ascend Software. “Together Ascend and Brainware offer a higher quality solution that translates into unmatched functionality and ROI.”

“Brainware’s growing partner network has delivered a broad range of opportunities, leveraging considerable talent and specialized expertise to addressing the unique needs and challenges of complex enterprises,” said Charles Kaplan, Vice President of Marketing at Brainware. “Combining Brainware’s scalable, out-of-the-box capabilities for intelligent data capture with Ascend’s proven business process management enables organizations like Rotech and Crouse to achieve comprehensive, end-to-end automation of the AP process, eliminating manual data entry for a faster, simpler, more compliant and less costly operation.”

Rotech Healthcare Inc. is one of the largest providers of home medical equipment and related products and services in the United States, with a comprehensive offering of respiratory therapy and durable home medical equipment and related services. Visit www.rotech.com for more information.

Crouse Hospital, located in Syracuse, New York, serves a 15-county area of Central New York and operates one of the longest-running and largest ambulatory surgery programs in the U.S. For more information, visit www.crouse.org.

About Ascend Software

Since 1997, Ascend Software has developed business process management solutions that provide greater cost savings automation and are easy to implement. Ascend’s enterprise information management solution was designed from the ground up to archive all types of information (i.e. reports, documents, images and all file types) to build a centralized archive in order to retain corporate information. Additionally, Ascend developed their advanced workflow solution that provides greater automation and is the foundation for their SmartTouch Solution suite, which features robust automation and business savvy design delivering greater cost savings to customers. Ascend’s advanced automation overcomes challenges typically found in workflow solutions and is the reason for the implementation success. Ascend’s solutions are implemented in all industries and distributed in fourteen countries. Headquartered in Brea, California, the company has branch offices in Tennessee, Maine, Oregon, Illinois, and Northern California. Visit www.ascendsoftware.com for more information.

Brainware and the Institute of Financial Operations to Document Impact of Automation on Process Quality

Findings to Be Presented at Fusion 2012 Conference in May

March 27, 2012, Ashburn, VA—Brainware, Inc., the market leader for intelligent data capture in accounts payable, and the Institute of Financial Operations, the globally recognized authority on best practices in financial operations, are soliciting the input of accounts payable professionals globally for the Process Quality Survey for AP Technology. The findings of this study, which seeks to document the observations of professionals best positioned to judge the realities of accounts payable technology today, will be presented at Fusion 2012, the Institute’s premiere event for peer-driven learning and networking opportunities covering the full spectrum of financial operations. Brainware is title sponsor for Fusion 2012.

Drawing empirical data from those with hands-on experience in accounts payable operations will serve to better align automation technologies with the efficiency, productivity and strategic needs of back offices across a broad range of industrial verticals and geographies.

“The fundamental purpose of business technology is to provide the enterprise with operational control, access to intelligence, reliable processes and other attributes vital to success,” said Charles Kaplan, Vice President of Marketing at Brainware. “Benchmarking the experiences of accounts payable personnel is crucial to maintaining a synergy between applications and their end users. As a partner to the financial operations community, Brainware is pursuing powerful, actionable insights into the effects of automation on those end users, the metrics that separate laggards from top performers, and the opportunities created by game-changing technologies in a real-world setting.”

Take the Process Quality Survey for AP Technology today. The survey requires 5-10 minutes to complete; participants will be automatically entered for a chance to win one of three $100 American Express Gift Cards.

University of Pennsylvania Health System Implements Brainware Distiller and Ascend SmartTouch

Healthcare Provider Reducing Paper, Increasing Process Control Through Automation

March 20, 2012, Ashburn, VA and Brea, CA—Brainware and Ascend Software announced today that University of Pennsylvania (UPenn) Health System, a Philadelphia-based network of renowned healthcare facilities, has successfully implemented a combined Brainware and Ascend solution for accounts payable automation, including real-time integration with Lawson ERP. Furthermore, UPenn Health System will leverage these technologies for the imaging of HR documents.

“We selected Ascend and Brainware for their ability to create a single input channel for paper and electronic invoices, as well as substantial flexibility for routing and managing these documents to serve our needs,” said Stephan W. Kelly, Director of Disbursements for UPenn Health System. “In addition to eliminating a great deal of manual data entry and paper handling, automating our accounts payable operation provides greater visibility and therefore greater accountability throughout the process.”

“With Ascend and Brainware, UPenn Health System can experience the benefits of a complete, end-to-end accounts payable automation solution,” said Larry Robinett, Vice President, Sales at Ascend Software. “Users experience a significant productivity boost through automated capture, validation, routing for approval, document management and integration with Lawson, including drill-down capability for immediate handling of invoice queries. The result is an invoice processing routine that is both faster and more accurate, saving time and money.”

“This combined solution provides unmatched capabilities for header and line-item data extraction, which enables UPenn Health System to process a significant volume of invoices hands-free,” said Charles Kaplan, Vice President of Marketing at Brainware. “Supporting their goal of accommodating growth without increasing headcount in accounts payable, this project delivers greater visibility into accounts payable and, ultimately, an opportunity to direct more resources away from the back office and towards the health services to which the organization is committed.”

The University of Pennsylvania Health System's patient care facilities include: The Hospital of the University of Pennsylvania—recognized as one of the nation's top 10 hospitals by U.S. News & World Report; Penn Presbyterian Medical Center; and Pennsylvania Hospital—the nation's first hospital, founded in 1751. For more information, visit www.pennmedicine.org.

About Ascend Software

Since 1997, Ascend Software has developed business process management solutions that provide greater cost savings automation and are easy to implement. Ascend’s enterprise information management solution was designed from the ground up to archive all types of information (i.e. reports, documents, images and all file types) to build a centralized archive in order to retain corporate information. Additionally, Ascend developed their advanced workflow solution that provides greater automation and is the foundation for their SmartTouch Solution suite, which features robust automation and business savvy design delivering greater cost savings to customers. Ascend’s advanced automation overcomes challenges typically found in workflow solutions and is the reason for the implementation success. Ascend’s solutions are implemented in all industries and distributed in fourteen countries. Headquartered in Brea, California, the company has branch offices in Tennessee, Maine, Oregon, Illinois, and Northern California. Visit www.ascendsoftware.com for more information.

Bupa Implements Brainware Distiller for Efficient Accounts Payable Automation

Global Healthcare Provider Streamlines Invoice Processing with Intelligent Data Capture

March 14, 2012, Ashburn, VA—Brainware, Inc., recipient of the 2011 PayStream Advisors Technology Excellence Award for Healthcare Supply Chain, announced today that Bupa, a UK-based international healthcare group serving more than 10 million customers in 190 countries around the world, has implemented Brainware Distiller to increase efficiency in accounts payable processing at the organization’s UK Invoice Payments Centres. This project, which includes Brainware’s Visibility module for enabling superior cash management through on-demand metrics and analytics, will enable the touchless processing and validation of header and line item data into Bupa’s PeopleSoft ERP system, supporting the group’s goal as a Provident Association of optimising the re-investment of profits for the benefit of its customers.

“Brainware’s record of success in automating document-intensive business processes within the healthcare industry demonstrates our technology’s proposition as a driver of savings and control, helping providers like Bupa to focus their attention on delivering world-class products and services,” said Carl E. Mergele, Chief Executive Officer at Brainware. “Brainware offers unparalleled capabilities for automation without being limited by diverse languages, legacy IT platforms, heavy volumes, auditory regulations or other complexities inherent to a global operation. We are proud to count Bupa among the many customers who rely on Distiller for their extensive automation needs.”

A leading international healthcare group, Bupa offers personal and company health insurance, runs care homes for older people and hospitals, and provides workplace health services, health assessments and chronic disease management services, including health coaching and home healthcare. With no shareholders, Bupa invests its profits to provide more and better healthcare. The company is committed to making quality, patient-centered, affordable healthcare more accessible in the areas of wellness, chronic disease management and aging. Employing over 52,000 people, Bupa has operations around the world, principally in the UK, Australia, Spain, New Zealand and the USA, as well as Hong Kong, Thailand, Saudi Arabia, India, China and across Latin America. For more information, visit www.bupa.com.

Brainware Delivers Automation Efficiency to (SAP) Financials 2012

Brainware to Demonstrate How Accounts Payable Cut 80% of Data Entry Workload in One Week with Distiller

March 12, 2012, Ashburn, VA—Brainware, Inc., a Lexmark company and growing developer of intelligent data capture software, announced today that the company will be exhibiting at Financials 2012, the most important event of the year for teams that use, evaluate, deploy and support SAP functionality for financial management, reporting and planning. This conference, which takes place March 13-16 at the MGM Grand Hotel & Casino in Las Vegas, Nevada, features more than 250 in-depth sessions, a packed agenda of networking events, and hundreds of demos showcasing the latest updates and best practices for SAP financial solutions.

At 10:30 a.m. on Tuesday, March 13, Andre Hale, Director of Accounts Payable for The Walt Disney Company, will be giving a presentation, “How The Walt Disney Company Transformed its Accounts Payable Shared Services with Intelligent Data Capture.” Within 100 days of contracting with Brainware, Disney fully deployed the Distiller application for accounts payable automation at the company’s Orlando shared services center, enabling Hale to reduce manual data entry workload by 80% in a single week and shift resources towards more value added opportunities. A Brainware systems engineer will be supplementing this engagement with a live demonstration of Distiller’s scalable, versatile intelligent data capture capabilities.

“Last week, financial professionals at Shared Services and Outsourcing Week were blown away by Disney’s success in using intelligent data capture to strategically transform shared services for world-class performance,” said Charles Kaplan, Vice President of Marketing at Brainware. “We’re excited to bring this business case to Vegas and show the Global SAP user community that Brainware truly does offer the most effective technology for creating efficiency, visibility and productivity in the enterprise, turning the back office into a profit center while optimizing access to critical business data.”

For a personal demonstration of Brainware Distiller technology, or to enter the company’s daily raffle to win a Sling Box Solo, visit the Brainware booth, #330.

Read the latest Gartner and IDC analysis of Brainware’s acquisition by Lexmark International.

Health Care Webinar: "Drop the Manual Coding" with Data Capture Automation

Live Webinar
Event Date: Tuesday, March 27, 2012
Time: 1:00PM - 2:00PM ET

According to a March 9, 2012 NPR news article, “the opportunities within complex health care ecosystems are in things as mundane as billing.” Former presidential health policy adviser Bob Kocher continues, “there's a half a person per hospital bed on average that sits in the hospital doing coding and collections and trying to get paid.”

The article goes on to say that the solution is to “drop the manual coding and create ‘a software system that learns as it codes and keeps getting better and better.” The key is to “use technology rather than just people to attack the problem.”*

Brainware Distiller is that value-added software system. Brainware Distiller is a comprehensive intelligent data capture software application that offers health care organizations a single data extraction platform for processing and reconciling any document type.

Brainware Distiller is the tried and proven intelligent data capture platform and accounts payable automation solution for a number of major health care providers, payers and vendors, including Baylor Health Care System, Yale New Haven Health System, Mayo Clinic, Cook Children’s Health Care System, Gundersen Lutheran Health System, Abbott Labs, Resurrection Health Care, Cleveland Clinic, and more.

*Source: Forget The Robots: Venture Capitalists Change Their Health Care Investments by Sarah Varney

Lexmark Acquires Brainware

Brainware will Join Perceptive Software, a stand-alone business unit within Lexmark

March 5, 2012, Ashburn, VA—Brainware, Inc., an innovative provider of intelligent data capture software, announced today that it has been acquired by Lexmark International, Inc. (NYSE: LXK). Brainware joins Perceptive Software, a stand-alone business unit within Lexmark, and will continue to invent, sell, and support the world’s most powerful intelligent data capture technology.

Lexmark provides businesses of all sizes with a broad range of printing and imaging products, software, solutions and services that help customers to print less and save more. Perceptive Software is a leading provider of process and content management software that helps organizations fuel greater operational efficiency.

Brainware is an established leader in the intelligent data capture market space. Its flagship Brainware Distiller solution has been deployed into many Global 2000 companies as a platform for invoice automation, remittance processing, mailroom automation, order processing, and other applications.

This solution was recently noted as the market share leader for intelligent data capture in the “2011 Global Trends in Automated Data Capture in Accounts Payable”, conducted by the Institute of Financial Operations.

Intelligent data capture is a high growth market that is closely adjacent to both Lexmark’s distributed capture solutions and Perceptive Software’s enterprise content management (ECM) and business process management (BPM) solutions. By bringing these closely aligned technologies together, Lexmark will further strengthen its unique, industry-leading end-to-end products, solutions and services with a broader range of software that enables customers to capture, manage and access information and business process workflows.

For existing Brainware customers, partners, and prospects, the acquisition by Lexmark signals a strong commitment to not only Brainware’s current products and technologies, but also to the ongoing development of new, transformational technologies that continue to shape the future of document recognition and data extraction to feed enterprise systems.

“With the acquisition of Brainware, Lexmark is further strengthening and differentiating our industry-leading managed print services offerings and our end-to-end business process solutions,” said Paul Rooke, Lexmark’s chairman and chief executive officer. “Brainware’s innovative intelligent data capture technology will be attractive to our customers across the globe.”

“Brainware’s sophisticated technology brings a powerful set of capabilities that further round out our process and content management offerings, and are especially appealing to large enterprises," said Scott Coons, Perceptive Software’s president and chief executive officer and Lexmark vice president. "Many of our customers use our technology to manage very high volumes of content. Brainware’s proven accuracy rate in these environments gives our customers an even greater ability to drive cost out of their business and realize an enhanced return on investment from their core business applications.”

“There are strong synergies between the Lexmark, Perceptive, and Brainware solutions and customers,” said Carl E. Mergele, chief executive officer at Brainware. “Brainware’s mission remains and we will continue to support our valuable business and OEM partners, and will also help our existing customers benefit from end-to-end solutions that include world class enterprise content management and business process management solutions.”

About Lexmark

Lexmark International, Inc. (NYSE: LXK) provides businesses of all sizes with a broad range of printing and imaging products, software, solutions and services that help customers to print less and save more. Perceptive Software, a stand-alone software business within Lexmark, is a leading provider of process and content management software that helps organizations fuel greater operational efficiency. In 2011, Lexmark sold products in more than 170 countries and reported more than $4 billion in revenue.

To learn more about Lexmark, please visit www.lexmark.com. For more information on Perceptive Software, please visit www.perceptivesoftware.com. For more information on Lexmark, see the Lexmark Facebook page and follow us on Twitter.

For more information about Perceptive Software, please visit the company's Facebook and Twitter profiles.

Brainware Coming to 16th Annual North American Shared Services & Outsourcing Week

Session to Discuss Intelligent Data Capture Success at the Happiest Place on Earth!!!

February 29, 2012, Ashburn, VA—Brainware, Inc., an innovative provider of intelligent data capture software, announced today that the company will be exhibiting at the 16th Annual North American Shared Services & Outsourcing Week, taking place March 7-9 at the Hilton Orlando in Orlando, Florida. This conference, sponsored by the International Quality & Productivity Center (IQPC), will provide the most visionary thinking on shared services with a focus on attendees’ priority business outcomes. Presentations will detail how shared services will continue to add value in the current economy and highlight the opportunities for those evaluating, optimizing and re-engineering shared services.

At 1:15 p.m. on Friday, March 9, Andre Hale, Director of Accounts Payable for The Walt Disney Company, will discuss his experience implementing Brainware Distiller technology at the company’s Orlando shared services center. Following an exhaustive evaluation of available technologies for process automation, the global media and entertainment conglomerate selected intelligent data capture technology and had the system up and running in less than 100 days, enabling the organization to focus its manpower away from manual data entry and towards more strategic, value added opportunities.

“We look forward to the annual Shared Services & Outsourcing Week, as an opportunity to engage with financial professionals seeking the latest insights into efficiency-enabling technologies and best practices, as well as to demonstrate the considerable value Brainware Distiller offers for shared services, with real-world testimonials,” said Charles Kaplan, Vice President of Marketing at Brainware.

For a personal demonstration of Brainware Distiller technology, or to enter the company’s daily raffle to win a free Sling Box Solo, visit the Brainware booth, #39.

KMWorld: Brainware Selected to 2012's "100 Companies That Matter in Knowledge Management"

Brainware Recognized for Technology that Delivers Swift Access to Business Data, Eliminates Manual Data Entry

February 23, 2012, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, is pleased to announce that the company has been recognized by KMWorld in the publication’s 12th annual list of “100 Companies That Matter in Knowledge Management,” a list compiled by knowledge management practitioners, theorists, analysts, system integrators, customers and a few select users. This marks Brainware’s fourth appearance on the KMWorld list; the company was named to the KMWorld Hall of Fame in 2010.

“Brainware has demonstrated an unwavering commitment to its customers by helping to harvest an organization’s collective intelligence in order to best serve its entire constituency chain,” said Hugh McKeller, Editor-in-Chief of KMWorld.

“Brainware is committed to developing and delivering the technology that eliminates manual data entry from document-driven business processes, as well as placing needed business data in users’ hands immediately, without fail,” said Brainware President James Zubok. “Brainware Distiller and Globalbrain have enabled Global 2000 companies to reap the benefits of efficiency, process visibility, compliance, strategic cash management, improved supplier and customer relations, and best-in-class productivity. We are proud to be recognized by KMWorld as one of the key players in a market that’s so vital to the success of global enterprise.”

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.

Gundersen Lutheran Health System Shortens Invoice Processing Cycle, Achieves Touchless Pass with Brainware and Ascend

Provider Redeploys Headcount While Onboarding Three Business Units to Shared Services

February 16, 2012, Ashburn, VA and Brea, CA—Brainware and Ascend Software are proud to announce that Gundersen Lutheran Health System, one of the 2011 Thomson Reuters 100 Top Hospitals in the United States, has reduced its invoice processing cycle from more than two weeks to about 48 hours following implementation of the Brainware Distiller and Ascend SmartTouch applications for accounts payable (AP) automation. Additionally, data entry personnel are being redeployed to more strategic, analytical roles, even as three additional business units have been consolidated into the provider’s shared services operation for AP.

“Brainware has enabled considerable touchless processing for our PO-based invoices, turning our manual entry process into an exception handling process while providing a robust search capability for locating previously scanned invoices on the basis of any data field,” said Karen Haville, Financial Systems Analyst at Gundersen Lutheran. “Each incoming document is scanned on the day it is received, all exceptions are addressed by the day’s end and the Ascend platform enables real-time adjustments to Lawson for non-PO invoices. Brainware and Ascend have delivered a clear benefit to our shared services operation, and we foresee continued improvements in terms of straight-through processing, simplified approvals and more.”

“Ascend’s SmartTouch solutions deliver the highest level of automation while leveraging Gundersen Lutheran’s Lawson ERP system in real-time, reducing errors, enforcing corporate policies and providing a greater level of visibility to invoices and payables data for quick decision making,” said Larry Robinett, Vice President, Sales at Ascend Software. “Combining Ascend’s SmartTouch solutions with Brainware’s technology allows our customers to do more with fewer and smarter touches.”

“Brainware’s technology helps providers streamline document-based routines, empowering them to shift their resources away from manual data entry and towards strategic, mission-centric opportunities,” said Charles Kaplan, Vice President of Marketing at Brainware. “Combined with Ascend’s tools for superior data management, this technology has enabled Gundersen Lutheran to achieve superior levels of productivity, increasing workloads while processing documents at more than four times the previous pace.”

Based in La Crosse, Wisconsin, Gundersen Lutheran Health System is a multi-specialty group medical practice with hospitals and clinics throughout western Wisconsin, southeastern Minnesota and northeastern Iowa that provide emergency, specialty and primary care services. The health system has been consistently ranked in the upper 5% of hospitals in the country by independent healthcare ratings organizations.

About Ascend Software

Since 1997, Ascend Software has developed business process management solutions that provide greater cost savings automation and are easy to implement. Ascend’s enterprise information management solution was designed from the ground up to archive all types of information (i.e. reports, documents, images and all file types) to build a centralized archive in order to retain corporate information. Additionally, Ascend developed their advanced workflow solution that provides greater automation and is the foundation for their SmartTouch Solution suite, which features robust automation and business savvy design delivering greater cost savings to customers. Ascend’s advanced automation overcomes challenges typically found in workflow solutions and is the reason for the implementation success. Ascend’s solutions are implemented in all industries and distributed in fourteen countries. Headquartered in Brea, California, the company has branch offices in Tennessee, Maine, Oregon, Illinois, and Northern California. Visit www.ascendsoftware.com for more information.

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

Conference Offers 200+ Sessions in Leading Technology and Best Practices for AP, AR, P2P, Document Management and More

February 9, 2012, Ashburn, VA, and Orlando, FL —The Institute of Financial Operations, the globally recognized authority on best practices in financial operations, has announced Brainware Inc. will be the title sponsor for Fusion 2012, The Institute’s premier event for peer-driven learning and networking opportunities covering the full spectrum of financial operations. Brainware is the market leader for intelligent data capture and the only software vendor to CAPA-certify its entire sales force.

Fusion takes place May 13-17, 2012, at the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee. The program will include more than 200 breakout sessions, presenting attendees with the latest technology and best practices related to accounts payable, accounts receivable, purchase-to-pay, automation, document management, data capture, outsourcing, operational leadership and more. Brainware executives will be presenting on customer success stories and the strategic opportunities created by automating AP, AR and mailroom operations with intelligent data capture technology.

“Partnering with The Institute of Financial Operations has given Brainware an unparalleled ability to keep its hand on the pulse of financial departments that stand to gain the most from technologies that remove manual document sorting and data entry from the equation,” said Charles Kaplan, Vice President of Marketing at Brainware. “Fusion 2012 is an excellent opportunity to engage with the financial operations community and discuss IT-driven strategies that have helped large businesses eliminate paper from their AP process, boost AR productivity by 400 percent to 500 percent, instantly sort and capture actionable data directly from the mailroom and more. We are proud to return as Title Sponsor for this educational event.”

Kaplan’s session, “Managing the Long Tail: Automating AP Across Your Entire Supplier Base,” will present case studies detailing how intelligent data capture technology provides a holistic solution to the challenges of accounts payable automation, without the limitations inherent to adopting electronic data interchange (EDI), e-invoicing and other common applications.

“The annual Fusion conference is a genuine treasure trove of information for the financial operations professional, providing a vast landscape of success, productivity and profitability for every conceivable aspect of the enterprise,” said Thomas M. Bohn, President and CEO of The Institute of Financial Operations. “As an innovative collaborator and advocate for transforming these business processes with technology and practical insight, Brainware is a perfect fit to co-headline Fusion 2012. We’re looking forward to what The Institute believes will be its most successful and memorable conference to date.”

Download a copy of “2011 Global Trends in Automated Data Capture in Accounts Payable,” a report about a study sponsored by Brainware and conducted by The Institute of Financial Operations.

About The Institute, IAPP, IARP, NAPP, and TAWPI

The Institute of Financial Operations is the umbrella association comprising four membership affiliates for finance professionals: International Accounts Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP), the National Association of Purchasing & Payables (NAPP), and The Association for Work Process Improvement (TAWPI). Based in Orlando, Florida, with offices in Boston and London, The Institute serves as a global voice, chief advocate, recognized authority, acknowledged leader, and principal educator for people in financial operations, with a particular focus on accounts payable, accounts receivable, automation, data capture, and procure-to-pay. Combined, the affiliates have more than 6,000 members. For more information, visit www.financialops.org.