Indiana Department of Revenue Chooses Captiva's FormWare to Process State Tax Forms; Streamlined Tax Processing System To Capture Three Million Forms Annually.Business Editors/High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--July 8, 2003 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 ), a leading provider of input management solutions, announced today that the Indiana Department of Revenue has selected FormWare(R), Captiva's award-winning information capture solution, as an integral part of a new tax form processing system to be implemented by Crowe Chizek Crowe Chizek and Company LLC is a professional services firm, with offices throughout the eastern United States, including Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, New Jersey, Ohio, and Tennessee. and Co. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a top 10 U.S. public accounting and consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a and leading provider of innovative business solutions. The value of the contract to Captiva is approximately $300,000. The Indiana Department of Revenue (INDOR INDOR Internal Nuclear Double Resonance ) had several needs in a new tax processing system. Management desired to reduce its dependency on cumbersome paper handling, cut tax processing times, increase information accuracy, improve the security of taxpayer information, integrate data from various sources, add compliance analysis capabilities, and improve the availability and accessibility of information to its staff and state taxpayers. After evaluating numerous systems, INDOR selected a complete data capture and content management solution proposed by Crowe Chizek. The integrated image, data capture and workflow solution provided by Crowe Chizek and Captiva will process approximately three million tax returns and other documents each year for the Department. "We knew that to meet our objectives, it would be essential for us to convert the influx of personal and business paper returns and documents to electronic content quickly and accurately," said Larry Smith
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. ) technology to automatically 'read' the important information and perform data validation In computer science, data validation is the process of ensuring that a program operates on clean, correct and useful data. It uses routines, often called validation rules, that check for correctness or meaningfulness of data that are input to the system. to ensure accuracy. The fact that numerous other states are successfully using FormWare to process their taxes was an added factor in our decision." "We're glad to add the state of Indiana to our growing list of government customers," said Blaine Owens, Captiva's vice president of worldwide sales. "In addition, we look forward to continuing our relationship with Crowe Chizek to provide solutions to their expanding customer base." FormWare is Captiva's flagship information capture software that manages business-critical information from forms, documents and electronic data streams into an enterprise in an accurate, timely and cost-effective manner. This information can then be exported to database, document, content and other information management systems, helping to maximize the accuracy and value of the data, speed the capture process, increase productivity and significantly reduce the cost of manual operations. FormWare is used by companies worldwide to extract information from forms of all types, including medical and other insurance claims, invoices, credit applications, tax returns, order-entry forms and many other documents. About Crowe Chizek and Co. Crowe Chizek and Co. LLC provides innovative business solutions in the areas of assurance, consulting, risk management, tax and technology. Celebrating more than 60 years of "Building Value with Values," Crowe Chizek is one of the top 10 public accounting and consulting firms in the 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. , serving clients worldwide as a leading member of the Horwath International network of public accounting and consulting firms. About Captiva Captiva Software Corp. (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 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 , direct marketing and other markets. For more information, visit www.captivasoftware.com. FormWare is a registered trademark 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 Corp.'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