Safety-Kleen Selects BancTec for Accounts Payable Solution.Leading Waste Management Company Outsources Invoice Processing to BancTec to Reduce Cost Per Invoice DALLAS -- BancTec, a leading global provider of document and payment processing solutions, announced today that it has entered a multi-year agreement to provide outsourced accounts payable (AP) services for Safety-Kleen, a North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. leader in waste management. The 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 (BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra ) services performed by BancTec will include the extraction, preparation and scanning of the invoices, as well as the indexing of the images in Safety-Kleen's AP system. Safety-Kleen executives expect the outsourcing agreement to significantly reduce the company's cost per invoice. "BancTec is committed to helping us create the most effective, cost-efficient AP solution for our specific requirements," said Jeff Robertson, Safety-Kleen senior vice president. "BancTec's BPO service offering allowed Safety-Kleen to benefit from BancTec's leading edge technology on a per transaction basis, allowing us to see a true ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). immediately," said Wayne Flake, Safety-Kleen vice president of IT Applications. "In selecting BancTec for this important role, we were particularly impressed by the fact that BancTec brought forth a true 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. . BancTec manufactures its own hardware, develops its own software, and performs its own service." "We are delighted to begin this engagement with Safety-Kleen," said Jeff Brown
BancTec offers BPO services for a wide variety of business applications, including document imaging and archive, correspondence, application forms, invoices, mobile capture, and remittance. BancTec's BPO services are delivered through a common technology platform that makes it easy for customers to add additional services. BancTec operates outsourcing service centers in Totowa, N.J.; Chicago, IL; Charlotte, N.C.; Dallas, TX; Berkshire, United Kingdom; Essex, United Kingdom; Middlesex, United Kingdom; Dublin, Ireland; Tallin, Estonia; Utrecht, Netherlands; and Bielefeld, Germany. About Safety-Kleen Safety-Kleen, a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , is North America's premier provider of industrial oil collection and re-refining, parts cleaner services, and industrial waste management. Safety-Kleen offers its customers a complete set of responsible re-refining, cleaning, and environmental solutions through its fully integrated branch network designed to collect, process, recycle, re-refine, and dispose of a wide range of both hazardous and non-hazardous waste streams. The company has approximately 4,500 employees serving hundreds of thousands of customers 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. , Canada and Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. . About BancTec BancTec helps companies around the world simplify the process of managing their information through a versatile portfolio of automation and outsourcing solutions. The company provides document and content processing, payment processing and IT service management solutions for clients in the 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. , manufacturing, government, services and utilities industries. With headquarters in Dallas and London, BancTec is privately owned with annual revenues of $345 million and serves more than 50 countries. For more information on how BancTec can help you optimize information management, visit www.banctec.com or call 1-800-BANCTEC. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion