BUSINESS IMAGING SYSTEMS RELEASES NEW SOFTWARE: REMITTANCE
PROCESSING FOR KOFAX ASCENT CAPTURE
BIS, Kofax, A2iA and Seac Banche Partner to Deliver End-to-End Remittance Solution
OKLAHOMA CITY, Dec. 17, 2003 -
Business Imaging Systems, Inc., a provider of document management systems, software and consulting services, today announced the release of MasterScan, a robust check processing application that runs on the industry-leading "operating system of capture," Kofax Ascent Capture®. MasterScan brings the normally proprietary world of check processing into the industry standard platform for information capture, Ascent.
Kofax Ascent enables companies to collect large volumes of forms and documents, transform them into useful, retrievable electronic information, and deliver it all into a variety of workflow and document management systems.
Seac Banche (www.seacbanche.com), an international manufacturer of check processing hardware, provides companies with desktop check scanners and encoders used to capture images and MICR information as the check is scanned. MasterScan allows users to select commonly available MICR fields and associate them with the appropriate Ascent index fields. This functionality provides the ability to capture items directly into Kofax Ascent while automatically inserting indexing values, such as account number, routing number, check number and amount.
"Together, Kofax Ascent and MasterScan provide new functionality for organizations that require a complete end-to-end remittance processing solution. The solution features distributed exception handling, forms processing for structured and unstructured documents, and output to virtually any legacy system," said Dan Rotelli, president of Business Imaging Systems. "The vast collection of release scripts for Ascent will enable us to add this solution as a front end to almost any content management system."
Using A2iA CheckReader™ Custom Module for Ascent Capture (www.a2ia.com) to automatically capture the courtesy and legal amounts on checks, batches can be balanced before and after the check items go through the validation step to ensure accuracy. A2iA CheckReader also recognizes additional fields on checks, including date, payer and payee names, address block and signature presence. A2iA's software is able to automatically read natural, freeform cursive handwritten and machine-printed documents, including business and personal checks, deposit slips, and cash-in and cash-out documents, which reduces the laborious processing time.
"Kofax is pleased to be working with Business Imaging Systems to provide a solution that, for the first time, enables customers to economically and reliably capture and process checks," said Anthony Macciola, Kofax vice president of marketing. "By leveraging Ascent's world-class image processing technology, this new software virtually eliminates the time-consuming procedures involved in manually processing checks. The direct benefit to a company's productivity and bottom line can be significant."
MasterScan Features
- Scans directly into Kofax Ascent.
- Captures entire MICR line, or individual MICR fields.
- Automatically recognizes the amount from items using A2iA CheckReader.
- Low-confidence fields can be validated remotely and corrected.
- Encodes the amounts on the items using the Seac Banche RS 50 reader sorter.
- Invalid items can be manually encoded.
- Data can be released to virtually any data or content management system.
- Standard output includes an ACH transaction file.
- Supports a variety of check scanners and transports.
- A driver-based data import component imports check image files into Ascent Capture.
About Kofax Image Products, Inc.
Kofax Image Products, Inc. (www.kofax.com), a division of DICOM Group plc, is a leading developer of application software and image processing products for the Electronic Data and Document Capture (EDC) market. According to research by Strategy Partners, Kofax is the largest capture software vendor in the world. EDC is essential to helping document-intensive organizations economically, reliably and securely collect, transform and deliver information from all sources into their electronic business processes and archives.
About Business Imaging Systems, Inc.
Business Imaging Systems, Inc. was founded in 1986 as a systems integrations firm supplying specialized micrographics systems. They have grown to be a company that provides complete document management solutions, allowing their customers to work smarter, not harder. The company offers a variety of products and services, including consulting, software development, systems integration, professional services and data conversion services. Headquartered in Oklahoma City, Business Imaging Systems maintains regional sales offices in Dallas and Tulsa, Okla.. For more information, visit www.bisok.com.
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Ascent Capture is a registered trademark of Kofax Image Products.
A2iA CheckReader is a trademark of A2iA Corporation.
