CUNA Mutual Expands Use of Captiva's InputAccel and Adds Digital Mailroom Capabilities.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- Leading Credit Union Services Provider Bolsters Input Management System to Meet Growing Document Processing Processing text documents, which includes indexing methods for text retrieval based on content. See document imaging. Needs 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. Corporation (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 :CPTV CPTV Connecticut Public Television ), a leading provider of input management solutions, today announced that CUNA Cuna Chibchan-speaking Indian people who once occupied the central region of what is now Panama and the neighbouring San Blas Islands and who still survive in marginal areas. In the 16th century they lived in federated villages under chiefs who wielded considerable power. Mutual, a leading provider of 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. to credit unions and their members, has expanded its use of InputAccel(R) and added Digital Mailroom mail·room n. A room in which ingoing and outgoing mail is handled for a company or other organization. (TM) capabilities to capture and process approximately 25 million pages of mail, faxes and other documents it receives annually. Captiva expects the value of the contract will eventually total approximately $1 million. CUNA Mutual will initially utilize the Digital Mailroom, Captiva's automated classification and routing system for digitized images of inbound mail and electronic communications, to capture, extract and perfect information from incoming proof of insurance and other declaration documents, representing approximately 6 million pages annually from more than 800 insurance companies nationwide. CUNA Mutual investigated several technologies for its growing input management needs, but chose the Digital Mailroom due in part to its full auditing and tracking capabilities that allow CUNA Mutual managers to monitor and control workflow as documents move throughout the enterprise. CUNA Mutual utilizes a central services model for processing documents and managing their receipt and distribution to the appropriate business unit. While the initial project will focus on capturing data from a diverse set of collateral declarations, other business processes and document types are being planned for future expansion. The agreement extends Captiva's relationship with CUNA Mutual, which has utilized InputAccel, Captiva's award-winning document capture software, since 1999 to capture mail, faxes, human resource documents and medical claim forms. Through its use of InputAccel, CUNA Mutual went from scanning and capturing 7,000 pages to 100,000 pages per day without increasing its staff size, cut its document capture expenses by approximately 50% and decreased document processing times from days to hours. As part of the new agreement, CUNA Mutual will use InputAccel in a newly acquired business unit to streamline business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets and reduce costs. "We're pleased CUNA Mutual has been so successful with InputAccel and is once again turning to Captiva to meet its growing needs," said Howard Dratler, Captiva's Executive Vice President of Field Operations. "In addition to the robust document capture, classification and routing capabilities of Digital Mailroom and InputAccel, one of the main reasons CUNA Mutual decided to expand its input management system with Captiva was the excellent technical support the company received from our professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. group in the past." About CUNA Mutual The CUNA Mutual Group is the leading provider of financial services to credit unions and their members worldwide, offering lending, protection, financial, employee and member solutions through strategic partnerships, technological innovations and multiple services channels. To learn more about CUNA Mutual, please visit www.cunamutual.com. About Captiva Software Corporation Captiva Software Corporation (NASDAQ:CPTV) is a leading provider of 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 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. 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, 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 , manufacturing and other markets. For more information, visit www.captivasoftware.com. Digital Mailroom is a trademark, and InputAccel is a registered trademark of Captiva Software Corporation. All other trademarks or registered trademarks are the property of their respective owners. This press release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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; and the difficulty of keeping expense growth at modest levels while increasing revenues. Announcements of contract awards should not be interpreted as reflecting revenue in any particular period and may relate to revenue recorded in prior or future periods (in some cases subject to cancellation) or revenue recorded in multiple periods. 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 our 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. |
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