Critical Technologies Awarded Contract to Create Custom Accounts Payable Capture Solution for Clear Channel Communications.OKLAHOMA CITY--(BUSINESS WIRE)--Aug. 18, 1999-- Critical Technologies, in partnership with Optika(R) Inc. (Nasdaq: OPTK), has been awarded a contract to create a custom remote document capture and transmission solution of accounts payable records for Clear Channel Communications Not to be confused with clear channel radio stations, which are AM radio stations with certain technical parameters. Clear Channel Communications (NYSE: CCU) is a media conglomerate company based in the United States. , Inc. (NYSE NYSE See: New York Stock Exchange : CCU CCU abbr. 1. coronary care unit 2. critical care unit CCU critical care unit. CCU Critical care unit, see there ), the number two radio station owner in the U.S. Critical Technologies' (www.criticaltech.com) Image Envoy(R) product will provide batch scanning, customized indexing, and transmission of thousands of invoices received daily by over 430 Clear Channel Communication radio stations and offices nationwide. The component is an addition to a total solution provided by Optika to assist in Clear Channel Communications' strategic initiative to reengineer its financial management processes, which began last fall. The new solution replaces a paper-intensive system where batches of invoices were shipped via mail or courier to a central processing unit See CPU. (architecture, processor) central processing unit - (CPU, processor) The part of a computer which controls all the other parts. Designs vary widely but the CPU generally consists of the control unit, the arithmetic and logic unit (ALU), registers, temporary buffers for manual data entry. Using a customized version of Image Envoy, each remote location will now batch scan invoices then apply custom coding information. The client/server applications will provide image compression and verify transaction integrity before and after transmitting the data through a WAN via FTP FTP in full file transfer protocol Internet protocol that allows a computer to send files to or receive files from another computer. Like many Internet resources, FTP works by means of a client-server architecture; the user runs client software to connect to to the San Antonio office for processing and payment using Optika eMedia(TM). The system will contribute to the company's efforts to increase efficiency, improve accuracy and reduce payment cycles for its vendors. "Critical Technologies offers a proven product and the expertise to customize it in a very short time frame," stated David Wilson, VP and Chief Accounting and Information Officer for Clear Channel Communications. Wilson continued, "The success of our ability to move information within our field operations will be measured to great extent on the ease and accuracy of inputting the originating data. Image Envoy is an excellent solution." "This custom solution is a clear indicator of Critical Technologies' leadership in image capture products and custom integration services," stated Nick Duncan, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Critical Technologies. "Our ability to integrate the Clear Channel Communications document coding interface with Image Envoy shows the flexibility of the product for many business applications. Coupled with our professional services, customers can get the solutions they need for extending production document capture into an entire enterprise." Critical Technologies specializes in document image capture applications and professional integration services, and has partner alliances with industry-leading vendors including Optika, Cardiff and Kodak. Customers include Southwest Airlines, American General Annuities, The Arvest Bank Group, The University of Oklahoma University of Oklahoma, abbreviated OU, is a coeducational public research university located in the U.S. state of Oklahoma. Founded in 1890, it existed in Oklahoma Territory near Indian Territory 17 years before the two became the state of Oklahoma. , Texas Woman's University Texas Woman's University, main campus at Denton; state supported; primarily for women; est. 1901. It is the largest state-supported university for women in the country. , Stewart Enterprises and others. Optika(R) Inc. is a leading provider of Web commerce solutions for intranets and extranets (www.optika.com). Optika eMedia(TM) manages paper and electronic transaction information by integrating imaging, document management, workflow, and COLD applications with a Web-based architecture. DocuLabs and InformationWeek have acclaimed it as "the most impressive approach to the supply-chain extranet we've seen." Image Envoy is a registered trademark of Critical Technologies, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . |
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