Document capture and handling solution provider expands product capabilities to streamline vendor invoice scanning, processing, and distribution directly into financial systems
ANDOVER, Mass. - August 25, 2009 - Omtool™ (OMTL.PK), a leading provider of document capture and handling solutions, today announced the release of a new suite of products for vendor invoice processing and disbursement management based on the company's AccuRoute® document capture and routing product family. The new Vendor Invoice Processing (VIP) product suite provides legal organizations with a streamlined electronic workflow to move invoices and related information quickly through approval cycles and into standard financial systems. This comprehensive solution-based suite includes these Omtool products:
- AccuRoute Document Capture and Handling Platform
- Image-In™ Queue Document Processing
- AccuRoute Web Client for Image Viewing and Approval
- ObjectArchive™ Electronic Archive
- Integration Kit for Financial Systems
With Omtool's extensive knowledge and expertise in the legal industry, this product suite is designed to help the finance and accounting departments within law firms with the daily, manual processing of vendor invoices. This VIP Suite captures invoices through Omtool's AccuRoute document capture and handling solution at the point of processing, directly by the attorney or through the accounting department. Using Image-In Queue, the scanned invoice can be routed through the approval process including the collection of pertinent client and billing information. Subsequently, the AccuRoute Web Client lets attorneys review and approve these invoices, remotely or at the office with an unprecedented immediacy and accessibility. The invoice images are then archived in Omtool's ObjectArchive once the process is complete, while also maintaining a direct connection from the billing system for continuous and immediate access to these invoices for the life of the client.
As an early adopter of this product suite, Ron Yano, chief financial officer with Loeb & Loeb LLP, said, "When we learned that Omtool was expanding its AccuRoute product line to address our manual vendor invoice workflow in our accounting department, we knew that we wanted to be one of the first firms to take advantage of it. Now that we are integrating it with our Elite financial system, we are thrilled with the growing potential of cost and time savings it has and will continue to provide."
"Through our experience in the legal market, we discovered that managing vendor invoices and the disbursement of these expenses is a labor-intensive process that can be streamlined to increase cost recovery, accelerate billing cycles and corresponding time to revenue, and ultimately improve firm-wide access to disbursement information," said Thaddeus Bouchard, chief technology officer with Omtool. "Our new VIP Suite addresses this issue and provides a cost-effective, simple solution."
Bret Chapman, chief information officer with Husch Blackwell Sanders LLP, noted, "Our existing AccuRoute system is integrated into many of our firm's document workflows, records management system, and with our multi-function printers (MFPs). The natural progression for us is to continue expanding the use of Omtool for legal and administrative teams in efforts to streamline manual and time-consuming processes. Whether it's the distribution of important files to case teams and clients or streamlining our vendor invoice processing in our accounts payable department, we feel that Omtool provides us with a valuable solution to address our specific needs."
For more information about Omtool's new product suite for vendor invoice processing and disbursement management, contact Omtool at (800) 886-7845 or visit www.omtool.com.
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 a digital MFP), 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. Its flagship product family, AccuRoute, streamlines the capture, conversion, communication, and archiving of paper and electronic documents, enabling fast, secure, and 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 costs, 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, Mass., with offices in the United Kingdom, Omtool can be contacted at 1-800-886-7845 or www.omtool.com.
CONTACT: Omtool, Ltd.
Karen Cummings, EVP, Sales & Marketing
Tel: 978-327-5707
kcummings@omtool.com
For Omtool, Ltd.
Erica Burns, PAN Communications
Tel: 978-474-1900
omtool@pancomm.com
|