Automatic Classification Significantly Reduces Data Input Costs; Important Findings in New White Paper Sponsored by Oce.Business Editors BETHESDA, Md.--(BUSINESS WIRE)--April 4, 2003 Oce (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : OCENY) announces the availability of a new white paper, which analyzes the costs of classification in most high-performance batch scanning solutions and proposes an alternative. The white paper is entitled - Automatic Classification Improves Processes and Yields Major Reductions in Scanning Costs and is authored by Harvey Spencer, President of Harvey Spencer Associates, industry expert in electronic information capture technologies. "Cost savings are at the top of everyone's list of 'Things To Do', but we frequently accept the costs of established procedures until something comes along to make us take a second look", said Michael Beithaupt, Technical Director of the Oce Document Technologies business group in the U.S. "Batch scanning substantially improved the capture process a few years ago, but Automatic Classification, which builds on new recognition technologies, should make everyone take another look at their capture process. Auto Classification eliminates the need for separator sheets, color coding, patch cards, barcodes and all the other mechanisms that are used to inform a document management system what type of document it is dealing with. Auto Classification eliminates the need to sort the documents, to insert, and withdraw separator sheets, and it can also eliminate the need to key in index fields, which saves thousands of repetitive steps a day. The cost savings are immediate and tangible." "The ability to locate the correct document in a timely manner is the key to all business processes," said the white paper's author, Harvey Spencer. " Batch scanning is an efficient way to capture documents and has reduced the time and costs involved while increasing accuracy rates. However, the white paper shows that batch processing (1) Performing a particular operation automatically on a group of files all at once rather than manually opening, editing and saving one file at a time. For example, graphics software that converts a selection of images from one format to another would be a batch processing utility. has a substantial cost that can be eliminated. Automatic classification gives new cost savings by removing the need for batch separation and sorting. Batches of mixed documents are automatically identified and classified - much as a data prep person does when identifying and separating the documents into batches. When you eliminate the costs of time spent on document separation and subsequent re-assembly, the potential savings mount up quickly." The white paper is available for download from: www.dokustar.com - click on Overview, then on Automatic Classification in the last paragraph to download PDF (Portable Document Format) The de facto standard for document publishing from Adobe. On the Web, there are countless brochures, data sheets, white papers and technical manuals in the PDF format. , or by e-mail to: jimtauber@odt-oce.com About ODT See SCO Open Desktop. ODT - Open Desktop The Oce Document Technologies business group (www.odt-oce.com) is responsible for the sales and marketing of Oce RecoStar, Oce RecoStar Professional, and Oce AEG AEG Aeger (Latin: Sick) AEG Allgemeine Elektrizitäts-Gesellschaft (Common Electricity Company) AEG Aircraft Evaluation Group AEG Association of Engineering Geologists AEG Air Expeditionary Group Recognition software products; and Oce DOKuStar, an Intelligent Document Recognition (IDR IDR In currencies, this is the abbreviation for the Indonesian Rupiah. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) product suite. Oce RecoStar and Oce AEG Recognition software together have market leadership in the document capture software market for business forms. About Oce Oce is a leading supplier of Information Technology for Document Management. The company's solutions are based on Oce's advanced software applications that deliver documents and data over internal networks and the Internet to printing devices and archives -- locally and around the world. Supporting the workflow solutions are Oce digital printers and scanners, considered the most reliable and productive in the world. Oce also offers a wide range of consulting and outsourcing solutions. Netherlands-based Oce N.V. (NASDAQ: OCENY), with a workforce of more than 22,000 people and 2002 revenues of $3.2 billion, maintains research and manufacturing centers in the Netherlands, the Netherlands, The officially Kingdom of The Netherlands byname Holland Country, northwestern Europe. Area: 16,034 sq mi (41,528 sq km). Population (2005 est.): 16,300,000. Capital: Amsterdam. Seat of government: The Hague. Most of the people are Dutch. United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Germany, France, Belgium, the Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. , and Japan. Oce's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. headquarters is located in Chicago with major business units in Chicago; New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. ; Boca Raton, FL; San Jose, CA; Salt Lake City; and Coventry, RI. North American revenues were $1.3 billion for fiscal 2002, and employment is currently 9,600. For more information about Oce, visit www.oceusa.com. Outside the U.S., consult www.oce.com . "Oce DOKuStar", "Oce RecoStar" and "Oce RecoStar Professional" are trademarks of Oce-Technologies B.V. All other product and company names are trademarks or registered trademarks and are the property of their owners and are respectfully acknowledged. |
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