BancTec's CenterVision(R) Document Transaction Solution Raises the Bar With New Capabilities

DALLAS, March 29 /PRNewswire/ -- BancTec Inc., a global provider of advanced, high-volume, document and payment processing solutions and services, has enhanced its CenterVision transactional content management platform.  The new functionality extends processing capabilities to invoicing and accounts payable operations, speeds up content capture for any new document that enters the business, and provides tighter control over the physical paper process prior to scanning.  As a result, large organizations can reduce the cost—and increase the efficiency—of processing document-based transactions, while also better meeting customer and operational service level agreements (SLAs).

"With its robust capabilities and business process management backbone, CenterVision provides the flexibility to manage multiple document processing operations and mailrooms across a global business enterprise," said Simon Fisher, program director for CenterVision, BancTec.  "Many of the enhancements in this latest release improve upon these enterprise-level capabilities.  We have also added or refined specific functionality that improves the operator interface and makes the solution even easier to use and manage.  As a result, CenterVision improves business performance by monitoring user and operational productivity from receipt of the physical document, through the scanning and data capture process, to validation and completion of the transaction."

Specific improvements to CenterVision include:

• A fully integrated invoice recognition engine that provides the ability to process line items commonly found on invoices and other similar documents.  As a result, organizations can now automatically capture and validate any semi-structured document without having to invest in a separate, dedicated, invoice capture application.
• More intuitive and flexible keying screens, which increase keying performance and enable easier and quicker setup of new document workstreams, such as applications for new business services, new tax or benefit claims, or customer information that falls outside of a defined capture process.  This capability helps eliminate delays in manual document processing when automated capture is not immediately possible, or the required data is contained within unstructured, multi-page documents.  As a result, any new document received by an organization for the first time can now be processed more easily, and at lower total cost.  
• Improved capabilities for managing the thousands of paper documents received by organizations every day.  CenterVision allows the pre-registration of all mail deliveries in order to consolidate and match virtually every document that is expected to be received by an organization.  In addition, the multilevel container concept for inbound mail - which maintains the document hierarchy for mail arriving in boxes, trays, folders and document sets – helps ensure full compliance, improves document integrity, and reduces document indexing tasks.

In addition to specific functionality, the new release of CenterVision improves out-of-the-box configuration for faster deployment and reduced development tasks.

About BancTec

BancTec helps clients around the world simplify the process of managing their information.  Founded in 1972, the company provides a wide range of solutions for automating complex, high-volume and data-intensive business processes for clients in the financial services, healthcare, manufacturing, government, services and utilities industries.  BancTec's offerings include business solutions, business process outsourcing, and infrastructure services.  With headquarters in Dallas, BancTec serves clients in 50 countries.  For more information on how BancTec can help you optimize information management, visit www.banctec.com or call 1-800-BANCTEC.

Forward-Looking Statements: All statements in this press release that do not directly and exclusively relate to historical facts are "forward-looking statements" describing BancTec's objectives, targets, plans, strategies, costs, anticipated capital expenditures and expected cost savings.  These statements represent BancTec's intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside the Company's control. These factors could cause actual results to differ materially from such forward-looking statements.  For a written description of these factors, see the section titled "Risk Factors" in the Company's Registration Statement on Form S-1, as amended, initially filed with the Securities and Exchange Commission on August 8, 2007.  The Company disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent events or otherwise except as required by law.  

SOURCE BancTec Inc.