Fully-Integrated Workflow, Imaging and OCR Solution Leads Market in Transaction and Process Management
CAMBRIDGE, England and SAN FRANCISCO , September 26 /PRNewswire-FirstCall/ -- Cardiff , a division of Autonomy Corporation plc (LSE: AU. or AU.L) and leading provider of intelligent document solutions, today announced further momentum of its automation solution for accounts payable. Its strength in the Transaction and Process Management segment of the Software Capture market is shown in its ranking in the top five vendors of the independent worldwide study of the Capture Software industry conducted by leading market analyst firm, Harvey Spencer Associates (HSA).
"The document and information capture markets continue their rapid growth and accounts payable automation is currently one of the leading applications driving the growth in the transaction and process management sector," said Harvey Spencer , principal of Harvey Spencer Associates Inc. " Cardiff continues to be a market leader in transaction and process management with its unique capabilities to combine paper and electronic processes seamlessly. Cardiff is proving how it can apply this strength in a breadth of markets."
HSA published this information in the latest Software Document Capture
Vendor report and presented the findings at the Capture 2007 Conference this
month. Also included in this study is the anticipated growth of the Software
Capture market to nearly
By providing the only seamless solution for handling the on-ramping and processÄ‚â€šÂing of both electronic and paper-originated invoices into the same accounts payable workflow, the Cardiff Intelligent Document Solution for Accounts Payable allows organizations to reduce operating costs and accelerate processes. For paper-originated invoices, this solution autoÄ‚â€šÂmatically captures, identifies, extracts - using OCR - and validates key data elements from invoices. Once effectively digitized, these images and their data follow the same workflows as their electronically-originated counterÄ‚â€šÂparts, providing maximum throughput and efficiency.
" Cardiff was founded as a company dedicated to transactional information capture and business process management. Accounts payable automation is a highly process-oriented problem where workflow automation is as important as information capture," says Mark Seamans , CEO of Cardiff . "In order to provide the right solution for customers, a vendor must have equally strong business process management and information capture capabilities. Cardiff's Intelligent Document solution melds paper invoice processing with electronic invoice and workflow automation in a way that does not disrupt existing systems, but rather complements and extends them to provide substantial time, resource and cost savings."
The cornerstone of the Cardiff Intelligent Document solution is its comprehensive Business Process Management (BPM) capabilities which include workflow, modeling, reporting, rules, auditing and management. With Cardiff , customers can easily automate the workflow of difficult to solve problems such as non-PO invoices. In addition, Cardiff includes a full eForm and portal solution that enables the creation of secure portals where vendors can input and view order and invoice related information directly, completely bypassing paper stages and reducing vendor support overhead.
The Cardiff Intelligent Document suite automates all aspects of both paper-based and Web-based document-centric business processes. Cardiff delivers significant cost reduction, accelerated processes and an improved customer experience by taking formerly static documents and enabling them to 'process themselves' through the introduction of embedded intelligence.