Captiva and BasWare Partner to Automate Accounts Payable Processes; Captiva's InputAccel for Invoices to Transfer Captured Images and Data into BasWare's Enterprise Purchase to Pay Solution.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. -- 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 a new cooperative marketing alliance with BasWare Corporation (HEX:BAS BAS abbr. 1. Bachelor of Agricultural Science 2. Bachelor of Applied Science ), a leading provider of financial automation software. Through the alliance, Captiva and BasWare will collaborate on accounts payable (A/P A/P Airport A/P Accounts Payable A/P Advanced Placement (education) A/P Anterior/Posterior A/P Active/Passive A/P Assessment & Plan (medical) A/P Automatic Pilot A/P Aircrew Personnel ) and invoice process automation opportunities. The partnership will include the integration of Captiva's InputAccel for Invoices(TM) automated invoice capture solution with BasWare's Enterprise Purchase to Pay solution. The integration will allow for the seamless transfer of captured images and data from InputAccel for Invoices into BasWare's invoice processing systems for advanced matching, approval routing and ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. connectivity. Customers will benefit by having a complete, end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. able to rapidly capture supplier invoices, process them for payment more quickly and accurately and reduce costs and manual processes. "A robust invoice capture system is a crucial component of a successful automated accounts payable application, and we look forward to leveraging the capabilities of InputAccel for Invoices for our customers," said Mike Cichy, Director of BasWare's Channel Operations. "Partnering with Captiva enables our customers and prospects to benefit from an advanced invoice capture solution that complements our leading financial automation software." InputAccel for Invoices is a fully customizable invoice capture solution that dramatically reduces the amount of manual intervention typically required to process invoices. It transforms a paper invoice into a digital image from which invoice data is automatically extracted, validated and delivered into enterprise content management (ECM (1) (Enterprise Change Management) See version control and configuration management. (2) (Error Correcting Mode) A Group 3 fax capability that can test for errors within a row of pixels and request retransmission. ), enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. (ERP), accounts payable (AP) and other back-end systems. BasWare's Enterprise Purchase to Pay is a suite of off-the-shelf invoice automation and procurement solutions that work together to meet an organization's specific requirements. Instead of non-integrated point solutions for scanning, invoice processing and purchasing, BasWare clients benefit from a total, unified solution that is integrated with over 115 ERP, accounting and financial systems. "We're pleased to bring best-practice input management functionality to BasWare's Enterprise Purchase to Pay product suite. Together, our solutions provide users the benefits of streamlining accounts payable processes, and being able to share such information with whoever needs it," said Wayne Ford Wayne W. Ford is the Iowa State Representative from the 65th District. He has served in the Iowa House of Representatives since 1997. He received his BSE from Drake University. , Captiva's Vice President of Strategic Alliances and Channel Development. "We look forward to collaborating on joint sales opportunities with BasWare, which is widely respected around the world for its financial process automation solutions, its broad array of technology partnerships and its integration with leading ERP vendors A list of Enterprise resource planning (ERP) vendors. ERP vendors by revenue The largest vendors worldwide in 2005 according to Gartner Dataquest: Market share 2005 according to Gartner Dataquest[1] # Vendor Revenue (million $) Market share ." Together, BasWare's and Captiva's solutions will enable users to streamline and accelerate the processing of invoices, take advantage of early payment discounts, eliminate late payments, reduce errors, increase financial reporting accuracy and re-deploy A/P staff to other functions. About BasWare BasWare Corporation (HEX:BAS) is the global leader in Enterprise Purchase to Pay and financial management solutions. More than 350,000 end-users in over 20 countries use its software to automate back-office financial operations to enhance efficiency, gain process control and transparency and meet compliance requirements. BasWare's net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight in 2004 were $42 million and the company currently has almost 400 employees. Headquartered in Helsinki, Finland, BasWare has subsidiaries located in Sweden, Denmark, Norway, Germany, the Netherlands, the United Kingdom, France and the US. For more information, visit www.basware.com. About Captiva Captiva Software Corporation (NASDAQ:CPTV) is a leading provider of input management solutions. Since 1989, the company's award-winning products have been used to manage business critical information from paper, faxed and electronic forms, documents and transactions into the enterprise in a more accurate, timely and cost-effective manner. These products automate the processing of billions of forms, documents and transactions 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. InputAccel for Invoices is a 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 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 the benefits of new products or market trends, 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. |
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