BancTec's CenterVision(R) Document Transaction Solution Raises the Bar With New Capabilities
By Banctec Inc., PRNESunday, March 28, 2010
Release adds invoice and line item processing; handles any document type
DALLAS, March 29, 2010 - BancTec Inc., (www.banctec.com/) a global provider of advanced,
high-volume, document and payment processing solutions and services, has
enhanced its CenterVision (www.banctec.com/products/centervision/)
transactional content management platform. The new functionality extends
processing capabilities to invoicing and accounts payable operations, speeds
up content capture for any new document that enters the business, and
provides tighter control over the physical paper process prior to scanning.
As a result, large organizations can reduce the cost-and increase the
efficiency-of processing document-based transactions, while also better
meeting customer and operational service level agreements (SLAs).
"With its robust capabilities and business process management backbone,
CenterVision provides the flexibility to manage multiple document processing
operations and mailrooms across a global business enterprise," said Simon
Fisher, program director for CenterVision, BancTec. "Many of the enhancements
in this latest release improve upon these enterprise-level capabilities. We
have also added or refined specific functionality that improves the operator
interface and makes the solution even easier to use and manage. As a result,
CenterVision improves business performance by monitoring user and operational
productivity from receipt of the physical document, through the scanning and
data capture process, to validation and completion of the transaction."
Specific improvements to CenterVision include: - A fully integrated invoice recognition engine that provides the ability to process line items commonly found on invoices and other similar documents. As a result, organizations can now automatically capture and validate any semi-structured document without having to invest in a separate, dedicated, invoice capture application. - More intuitive and flexible keying screens, which increase keying performance and enable easier and quicker setup of new document workstreams, such as applications for new business services, new tax or benefit claims, or customer information that falls outside of a defined capture process. This capability helps eliminate delays in manual document processing when automated capture is not immediately possible, or the required data is contained within unstructured, multi-page documents. As a result, any new document received by an organization for the first time can now be processed more easily, and at lower total cost. - Improved capabilities for managing the thousands of paper documents received by organizations every day. CenterVision allows the pre-registration of all mail deliveries in order to consolidate and match virtually every document that is expected to be received by an organization. In addition, the multilevel container concept for inbound mail - which maintains the document hierarchy for mail arriving in boxes, trays, folders and document sets - helps ensure full compliance, improves document integrity, and reduces document indexing tasks.
In addition to specific functionality, the new release of CenterVision
improves out-of-the-box configuration for faster deployment and reduced
development tasks.
About BancTec
BancTec helps clients around the world simplify the process of managing
their information. Founded in 1972, the company provides a wide range of
solutions for automating complex, high-volume and data-intensive business
processes for clients in the financial services, healthcare, manufacturing,
government, services and utilities industries. BancTec's offerings include
business solutions, business process outsourcing, and infrastructure
services. With headquarters in Dallas, BancTec serves clients in 50
countries. For more information on how BancTec can help you optimize
information management, visit www.banctec.com or call +1-800-BANCTEC.
Forward-Looking Statements: All statements in this press release that do
not directly and exclusively relate to historical facts are "forward-looking
statements" describing BancTec's objectives, targets, plans, strategies,
costs, anticipated capital expenditures and expected cost savings. These
statements represent BancTec's intentions, plans, expectations and beliefs,
and are subject to risks, uncertainties and other factors, many of which are
outside the Company's control. These factors could cause actual results to
differ materially from such forward-looking statements. For a written
description of these factors, see the section titled "Risk Factors" in the
Company's Registration Statement on Form S-1, as amended, initially filed
with the Securities and Exchange Commission on August 8, 2007. The Company
disclaims any intention or obligation to update these forward-looking
statements whether as a result of subsequent events or otherwise except as
required by law.
Ross Coulter, +1-214-366-0090, ross.coulter at banctec.com, for BancTec Inc.
Tags: Banctec Inc., Dallas, France, Germany, March 29, texas, United Kingdom