Also, Datacap and FCPA have gotten together with an organization for accounts payable professionals to put together a survey on invoice processing. I coundn’t find a link, so here’s the text:
End-User Survey on Invoice Scanning and Capture Sponsored by Datacap, Fujitsu Computer Products of America, Inc. and IOMA
Analysis and Report to Be Presented By Power Decisions Group
Tarrytown, NY – May 4, 2006 – Datacap Inc. announced today that it has partnered with the Institute of Management Administration (IOMA) to conduct the industry’s first customer data-driven survey exclusively focused on invoice scanning and data capture benefits, success factors and barriers. The survey is being distributed to more than 50,000 accounts payable, financial management and IT professionals worldwide throughout the month of May.
With more than 19,000 members, IOMA provides practical information to the accounts payable profession, including the Report on Managing Accounts Payable newsletter, special reports, conferences, and training seminars. The IOMA/TAPN Accounts Payable Certification Programs have enabled thousands of AP professionals to prove their skills and distinguish themselves by passing a comprehensive exam. “This survey is a great supplement to our own ongoing research,” said Andrew Dzamba, IOMA’s Editor of Accounts Payable publications. “We expect this survey to provide the most detailed information to date on how AP managers are leveraging scanning and capture technology to streamline AP and reduce cost.”
Survey results will be analyzed and interpreted by Power Decisions Group, a marketing research firm, based in San Francisco. The survey results will be presented in a special report, published in May 2006. Datacap, Fujitsu Computer Products of America, Inc. and IOMA will also sponsor a webinar in June to present findings from the report. The finished report will be made available to all survey participants free of charge. “We welcome Fujitsu Computer Products of America, Inc. and IOMA in recognizing the importance of end-user research, particularly in this high growth segment of the capture market” said Arthur Gehring Director of Marketing at Datacap.
Analyst firm Aberdeen Group has benchmarked more than 875 companies and investigated several dozen enterprise-AP strategies and the use of supporting technologies. According to a recent Aberdeen report, “Electronic Invoicing Solution Selection Report: Leading an Accounts Payable Extreme Make Over,” electronic invoicing strategies, including scan and capture, can reduce accounts payable transaction cost between 63% and 67%. Survey data revealed that: “79% of AP managers see ‘automation’ as the key enabler to future success.”
The goal of the Invoice Capture study is to identify current behavior and the key factors driving organizations in their invoice scanning and capture decisions. The survey was designed to encompass those who have already embarked on an invoice capture strategy as well as those who are examining its feasibility.
To participate in this survey and receive a free copy of the survey results when available – visit www.datacap.com/survey.
Since 1988, Datacap Inc. has provided leading document capture and forms processing software solutions to organizations worldwide. Datacap Taskmaster software efficiently transforms paper into information, increasing efficiency and data accuracy while reducing costs and document cycle time. A client/server, rules-based capture workflow platform, Taskmaster provides highly flexible solutions for both document image indexing and data entry automation. Taskmaster also enables scanning and indexing from a browser and integrates with all leading document management solutions, databases and ERP systems. http://www.datacap.com/
IOMA is the acknowledged leader in providing practical information to the accounts payable profession. From Report on Managing Accounts Payable newsletter and our numerous special reports to its highly-regarded conferences and training seminars, IOMA’s contributions to AP education are considered the gold standard around the world. The IOMA/TAPN Accounts Payable Certification Programs have enabled thousands of AP professionals to prove their skills and distinguish themselves by passing a comprehensive exam. All IOMA AP products offer APCP certification CEU credits. http://www.ioma.com
Fujitsu is a leading provider of customer-focused IT and communications solutions for the global marketplace. Pace-setting device technologies, highly reliable computing and communications products, and a worldwide corps of systems and services experts uniquely position Fujitsu to deliver comprehensive solutions that open up infinite possibilities for its customers’ success. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.8 trillion yen (US$40.6 billion) for the fiscal year ended March 31, 2006. For more information, please see: http://www.fujitsu.com
About Fujitsu Computer Products of America, Inc.
Fujitsu Computer Products of America, Inc. conducts engineering and marketing activities in Sunnyvale, CA and sales operations throughout the United States. Fujitsu Computer Products of America currently offers products and services including scanners and scanner maintenance, hard disk drives, Magneto-Optical drives, palm vein recognition technology and 10Gb Ethernet switches. Fujitsu Computer Products of America is located at 1255 East Arques Avenue, Sunnyvale, CA, 94085. For more information about Fujitsu products and services, call us at 800-626-4686 or 408-746-7000. For more information, please see: http://www.fcpa.fujitsu.com
About Power Decisions Group
Power Decisions Group is a market research company focused on marketing strategy. Using market research and decision clarification tools, PDG stays focused on each client’s decision-making agenda. Clients benefit from the right marketing research information for uncovering marketing strategy solutions that work. http://www.powerdecisions.com