BILLERICA, Mass., March 7, 2011 /PRNewswire/ -- Orbograph today announced that its innovative Automation Services™ recognition solution, now including the industry's first-ever Managed Recognition™ Performance Guarantee, is achieving unprecedented levels of efficiency and operational cost-savings at leading financial institutions nationwide.
By combining a cost-effective, software-as-a-service business model with the very latest in recognition functionality, Automation Services™ provides a ground-breaking approach to managing operational costs and eliminating upfront capital investment in the evolving check image processing market.
Managed Recognition™ integrates the know-how of Orbograph's top recognition experts with advanced monitoring capabilities, business intelligence tools and customized reports and alerts to ensure continually optimized performance at guaranteed levels.
"The forward-thinking approach of Automation Services™ with Managed Recognition™ is well received by the industry. It is already implemented in many leading financial institutions nationwide with outstanding results," said Mr. Barry Cohen, Co-General Manager of Orbograph. "By going one step farther in adding the performance guarantee which is defined per customer according to their specific targets, we are able to further enrich the value proposition of the Orbograph recognition solution by ensuring our users achieve a constant, high performance rate that is pro-actively managed by Orbograph's client services professionals."
The increasing market adoption over the past year of Orbograph as the recognition solution of choice is demonstrated by successful implementations at several large financial institutions including:
- A Top 5 bank using Orbograph recognition and IQUA for remote deposit and mobile capture.
- A Top 15 bank selecting Orbograph recognition and IQUA for teller capture.
- A Top 20 bank implementing Orbograph recognition and IQUA for centralized processing.
- Two Top 30 banks deploying Orbograph Enterprise Recognition for branch and teller capture.
As a supplemental offering to Orbograph's Automation Services™, Managed Recognition™ is designed to deliver guaranteed performance levels according to a pre-determined target via a customer-specific Service Level Agreement (SLA).
Orbograph (www.orbograph.com), a subsidiary of Orbotech, is a leading provider of recognition-centric software and services for the check processing and forms processing markets. Orbograph's innovative technologies are in use in over 1,000 financial institutions and service bureaus, processing billions of checks and forms annually. Through check processing automation, fraud prevention, data mining for marketing and forms processing automation solutions, Orbograph enables clients to envision more for their organization by reducing costs, managing risk and driving revenue growth, while ensuring that achieving more is a reality.