ABN AMRO Chooses Captiva's InputAccel for Document Capture Needs; North American Services Center Doubles Mortgage Processing to 75,000 Files Per Month, 600,000 Pages Per Day.Business Editors/High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--Nov. 12, 2002 Captiva Software Captiva Software is now part of EMC Software Group, a division of EMC Corporation.[1] Captiva makes software solutions for document information processing and data capture from paper and electronic documents and provides related services. Corp. (Nasdaq:CPTV CPTV Connecticut Public Television ), the leading provider of enterprise input management solutions, today announced that ABN AMRO ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) Services Company Inc., a subsidiary of ABN AMRO Bank (NYSE NYSE See: New York Stock Exchange :ABN), one of the world's largest banking groups, has implemented InputAccel(R), Captiva's premier document capture software solution, to capture and process mortgage documents and files. ABN AMRO is now using InputAccel to process the 75,000 mortgage files it receives every month in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , amounting to over 600,000 pages of information per day. Due to its ever-increasing mortgage processing volumes, executives at ABN AMRO's Mortgage Group decided to replace its previous document capture system with a robust, best-practice solution. After an extensive evaluation of leading information capture systems available on the market, the company selected InputAccel. "From our perspective, no other solution matched InputAccel for its document capture ability, speed and versatility," said William Brinkman, assistant vice president at ABN AMRO Services Company. "InputAccel has empowered us to capture significantly more mortgage file documents. Whereas previously we had to stop scanning when we encountered unusual mortgage applications known as 'capture exceptions,' with InputAccel, these exceptions are no longer a bottleneck in our process pipeline. We have also eliminated the need to outsource certain elements of our mortgage application process, which has created a considerable cost savings." Brinkman added that in addition to the mortgage processing improvements and operational cost savings, InputAccel empowers ABN AMRO to process mortgages faster, leading to improved customer service. "We're pleased ABN AMRO has been so successful with InputAccel, and that they've been able to considerably increase their mortgage document capture capacity and meet their growing functionality needs," said Blaine Owens, Captiva's vice president of worldwide sales. "We're excited about potential system developments at ABN AMRO, which include adding optical character recognition optical character recognition (OCR), method for the machine-reading of typeset, typed, and, in some cases, hand-printed letters, numbers, and symbols using optical sensing and a computer. (OCR OCR in full optical character recognition Scanning and comparison technique intended to identify printed text or numerical data. It avoids the need to retype already printed material for data entry. ) capture capabilities and expanding their use of the solution to additional business areas within the bank and to other geographical locations. These advances through additional Captiva input management solutions should further increase ABN AMRO's document processing Processing text documents, which includes indexing methods for text retrieval based on content. See document imaging. efficiencies." InputAccel is a comprehensive, award-winning document capture system that transforms mission-critical data from paper and faxes into business-ready content. InputAccel ensures the integrity of incoming data and converts it into formats usable in back-end systems, including XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. , image files and custom transaction formats. By delivering accurate, timely and usable data to enterprise systems, InputAccel creates unparalleled efficiencies for the many customers the solution serves. About AMRO AMRO Regional Office for the Americas (WHO, Washington DC) AMRO American Robin (species) AMRO Amsterdam-Rotterdam Bank (now ABN AMRO) AMRO Association Maladie de Rendu-Osler Services Company ABN AMRO Services Company supports the information technology needs of its affiliates and subsidiaries in North America. ABN AMRO Services Company is a subsidiary of ABN AMRO North America Inc., which is headquartered in Chicago and has $101 billion in assets and more than 19,000 employees. ABN AMRO North America subsidiaries include LaSalle Bank LaSalle Bank Corporation is the holding company for LaSalle Bank N.A. and LaSalle Bank Midwest N.A. With $116 billion in assets, it is headquartered at 135 South LaSalle Street in Chicago, Illinois. in Chicago and Standard Federal Bank based in Troy, Mich. About Captiva Captiva Software Corp. (Nasdaq:CPTV) is a leading provider of enterprise input management software solutions. Since 1989, the company's award-winning products have been used to manage business critical information from paper, faxed and scanned forms and documents, Internet forms and XML data streams into the enterprise in a more accurate, timely and cost-effective manner. These products automate the processing of billions of forms and documents annually, converting their contents into information that is usable in database, document, content and other information management systems. Captiva's technology serves thousands of users in insurance, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , government, business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in , direct marketing and other markets. For more information, visit www.captivasoftware.com. InputAccel and its logo are registered trademarks of Captiva Software Corp. All other trademarks or registered trademarks are the property of their respective owners. This press release may contain forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including, among other things, any projections of earnings, revenues (including where the underlying contract has already been signed), or other financial items; any statements of the plans, strategies, and objectives of management for future operations; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief and any statement of assumptions underlying any of the foregoing. The risks, uncertainties and assumptions referred to above include, among other things, performance of contracts by customers and partners; employee management issues; the timely development, production and acceptance of products and services and their feature sets; the challenge of managing asset levels, including inventory; the flow of products into third-party distribution channels; the difficulty of keeping expense growth at modest levels while increasing revenues. These and other risks and factors that could cause events or our results to differ from those expressed or implied by such forward-looking statements are described in Captiva Software Corporation's most recent annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and quarterly reports on Form 10-Q Form 10-Q See 10-Q. , as well as other subsequent filings with the Securities and Exchange Commission. We assume no obligation and do not intend to update these forward-looking statements. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion