The Walt Disney Company Lauded for Innovation in Accounts Payable

Brainware Distiller Cited as Key to Media Conglomerate's Shared Services Strategy

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May 17, 2012, 08:24 ET

ASHBURN, Va., May 17, 2012 /PRNewswire/ -- Brainware congratulates The Walt Disney Company (Disney) on receiving the 2012 Huntington Innovation Award for their achievement in accounts payable shared services at Fusion 2012.

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According to the announcement by The Institute of Financial Operations, "The goal of the Huntington Innovation Award is to recognize the best of the best, and to showcase the ideas, accomplishments and creativity of the most innovative, progressive and forward-thinking individuals and organizations in the financial operations world." In honoring Disney for their innovations, The Institute notes, "Using Brainware's Distiller application to complement its existing platform, The Walt Disney Company built a comprehensive invoice payment strategy that innovates at their astonishing scale levels (nearly 6 million invoices annually)."

Andre Hale, Disney's Director of Accounts Payable, accepted the award on behalf of his team.

"Disney is one of the world's most widely recognized brands, providing a vast array of entertainment for all ages, and it demands world-class technology to achieve world-class performance in financial operations," said Carl E. Mergele, Executive Vice President and General Manager at Brainware. "Brainware is proud to deliver the tools that support Disney's accounts payable operation in becoming a model of efficiency, and congratulates them on this well-deserved honor."

About Brainware

Brainware, part of Perceptive Software, a Lexmark company (NYSE: LXK), is an innovative provider of intelligent data capture and enterprise search solutions that help Global 2000 companies eliminate costly manual data entry, rapidly process large volumes of documents and retrieve data from across the enterprise. Its solutions were built from the ground up to manage unstructured data without templates, exact definitions, taxonomies or indexing. Headquartered in Ashburn, Virginia, Brainware maintains global sales and support operations through its North American, U.K. and European offices. For more information, please visit www.brainware.com.