Monday, September 24, 2007

Xerox Color; Open Text invoices

Xerox announced its latest color printing products today, which are being advertised as having the same cost over of ownership as comparable black-and-white models. The printers rely on the solid-ink sticks that Xerox has been developing for some five years. As with any first-generation product, we'll keep our fingers crossed as to how well these work out and how fast they are adopted, but we've always said that more affordable color printing will lead to more color scanning and the chance to apply more advanced compression technology to document images. Sounds like fun.

Open Text has introduced an updated version of its Vendor Invoice Management software for managing the workflow of invoices in an SAP environment. We've been doing a lot of coverage on invoice processing lately, and ReadSoft, the leading vendor in the invoice capture space, noted that it find itself most often competing with Open Text, as the companies go toe-to-toe for SAP-related business. ReadSoft bought a team of SAP workflow specialists last year and offers a product that competes directly with Open Text's VIM system. ReadSoft is enjoying great success in the this market, and it sounds like Open Text is doing okay as well. As we noted in our past issue, invoice processing has always been a good market for doucment imaging/workflow systems, and now advanced capture methods appear to be taking it to the next level.

Cheers.

Ralph

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