Tuesday, September 25, 2007

Procure-to-pay, order-to cash

For the past couple weeks, I've been trying to get my arms around the whole concept of procure-to-pay and order-to-cash and understand how capture, document imaging, and workflow can be used to increase efficiencies across the board and tie all these things together.

Had a great conversation recently with Mark Fairchild, a senior VP at BancTec, who explained how these elements can be employed in a shared services-type environment to maximize a user's investments in document imaging technology.

Indicative of the potential of this type of deployment for capture vendors are three recent deals announced by Top Image Systems (TIS) through its partnership with J&B Software. TIS is an Israel-based forms processing specialist and J&B is a Philly-area remittance/payments specialist. The impressive thing about these deals from the TIS perspective is their size, which averages $300,000 per installation. These are not just payment processing customers adding a little bit of forms technology to round out their solutions. These guys are obviously doing some pretty heavy duty capture.

We will continue to provide you with coverage on this emerging market for document imaging technology.

Ralph

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