Omtool will be demonstrating AccuRoute and its productivity
enhancements and cost recovery integrations at the ALA Annual
Conference in Seattle, WA, Booth No. 405/504
SEATTLE--(BUSINESS WIRE)--May 5, 2008--Omtool, Ltd. (OTCBB:OMTL),
a leading provider of document capture and handling solutions,
announced enhancements for the legal vertical market to deliver
productivity improvements and cost savings for legal organizations
using its AccuRoute product line. Specifically, these enhancements are
in conjunction with leading cost recovery systems such as Billback
Systems, Control Systems, Inc. (Copitrak), Equitrac Corporation, and
nQueue INC. Omtool's AccuRoute solution, along with these cost
recovery systems, provides law firms with a single point of access for
document capture and its associated client billing. This allows firms
to efficiently perform document capture (or scanning) initiated from
the user-friendly and readily available cost recovery systems
available throughout a legal firm. Most importantly, users need only
one point of access to perform all their document-related capture,
routing, and associated billing functions.
Increasingly, law firms have come to realize that
business-critical document scanning is a core business function in
order to make document content immediately accessible throughout their
firm or department. Document scanning is also a client-related task
whose cost should be allocated to its respective client much like fax
and courier services. Omtool has seen this corporate mandate increase
as firms continue to expand their document infrastructure to integrate
the electronic imaging of original paper documents and the easier,
more cost effective distribution of those documents.
Included in this announcement are statements of support from
Omtool's cost recovery partners.
Billback Systems
"Billbacks' clients count on us to find innovative ways to manage
their document related expenses and we're very pleased to partner with
Omtool to do just that," said Andrew Moon, CEO of the global expense
management leader, Billback Systems. "Their exceptional scanning
software, AccuRoute, integrates seamlessly with our systems and allows
optimal document distribution flexibility and data capturing for
expense management and cost recovery."
Control Systems, Inc. (Copitrak)
"The goal with any partnership is to combine solutions so that the
resulting system is greater than the sum of its parts. The Copitrak
and Omtool partnership has certainly surpassed this goal," said Graham
Allen, president of Control Systems. "Customers not only get all the
benefits of the AccuRoute scanning solution with full and accurate
cost recovery, but they receive a consistent, intuitive and
easy-to-use scan interface directly accessible from each Copitrak
Device."
Equitrac Corporation
"Equitrac is pleased to support Omtool's enhanced AccuRoute
product line, providing users of our Equitrac Professional(R) print
tracking and cost recovery solutions with personalized access to the
rich features of AccuRoute document capture solutions," said Michael
Rich, CEO of Equitrac. "AccuRoute's integration with the
latest-generation Equitrac Professional 5.2.2 solution now provides
MFP users with direct scanning capability to document management
solutions on any Equitrac TouchPoint Console(R) equipped device in the
law office environment."
nQueue INC.
"Our Embedded(TM) software solution works with AccuRoute to
provide law firms with cost recovery, information accountability, and
improved productivity," said Richard P. Hellers, president and COO of
nQueue. "Omtool has become an increasingly valuable partner as we work
together to help our mutual clients perform complex document
management tasks more efficiently."
Commenting on the advancements in this marketplace Jon Reardon
from InfoTrends said, "The Document Capture market is one of the
hottest growth segments within the networked document solutions
industry. We estimate a compound annual growth rate of 28% through
2011. This double-digit growth is being fueled by companies that are
able to deliver turnkey solutions that fit the delicately balanced
ecosystems of vertical business industries. These solutions make it
easier for customers to understand benefits and value because they are
tailored towards their specific business environment."
AccuRoute document capture and handling solutions integrated with
the systems from each of the cost recovery providers above will be in
demonstration at ALA's Annual Conference in Seattle, WA this week in
booth 405/504. As Omtool continues to deliver solutions specific to
the legal market with over 250 legal customers and almost 50% of the
top US law firms, technology advances such as full integration with
cost recovery providers will be delivered to further the specific
document workflows required by innovative law firms and legal
departments.
About AccuRoute
Omtool's acclaimed AccuRoute streamlines the capture, conversion,
communication, and archiving of paper and electronic documents for
organizations of all sizes. This server-based document capture and
handling platform provides fast, secure, and simultaneous document
distribution to multiple destinations in multiple formats enabling
organizations to perform complex document management tasks more
efficiently. Designed for distributed enterprise document routing and
accessible from any desktop computer or network-enabled scanning
device (including digital MFP devices), AccuRoute makes documents
immediately accessible where and when they are needed. The result:
organizations enjoy faster, more efficient document workflows, while
reducing associated costs, complexity, and risk.
About Omtool, Ltd.
Omtool, Ltd. is a leading provider of document capture and
handling solutions that simplify the integration of paper and
electronic documents into enterprise information management systems.
Our flagship product, AccuRoute, streamlines the capture, conversion
and communication of paper and electronic documents, enabling fast,
secure, simultaneous distribution to multiple destinations in multiple
formats. Available at any network-enabled scan device or from a user's
desktop computer, AccuRoute provides faster, more efficient workflows,
while reducing cost, complexity and risk. Omtool solutions are used
worldwide by businesses in document-intensive industries that demand
secure handling, integration and tracking of documents in full
compliance with a range of regulatory requirements. Based in Andover,
Massachusetts with offices in the United Kingdom, Omtool can be
contacted at 1-800-886-7845 or www.omtool.com.
This press release may contain forward-looking statements,
including statements regarding Omtool's future financial and operating
performance; customer interest in and acceptance of Omtool's products;
long-term sales strategy; distribution channels; and the future plans
of Omtool's management. These forward-looking statements are neither
promises nor guarantees, and are subject to risk and uncertainties
that could cause actual results to differ materially from the
expectations set forth in these forward-looking statements, including
but not limited to, risks associated with Omtool's business, including
introduction of new product offerings, concentration of all products
in the electronic document exchange market, focus on specific vertical
markets; Omtool's strategic focus on new vertical markets; and those
other risk factors described in Omtool's periodic reports and
registration statements as filed with the Securities and Exchange
Commission. Reported results should not be considered an indication of
future performance. Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the date
hereof. Omtool undertakes no responsibility to update any such
forward-looking statements.
CONTACT: Omtool, Ltd.
Karen Cummings, 978-327-5707
kcummings@omtool.com
or
Brandon Keough, 617-451-7353
bkeough@blancandotus.com
SOURCE: Omtool, Ltd.
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