Large European BPO Inks Multi-Million Dollar Deal With Brainware for F&A Automation

ASHBURN, Va., Jan. 4, 2012 /PRNewswire/ -- Brainware, Inc. announced today that a major European provider of business services for finance and accounting has selected Brainware Distiller for the efficient automation of invoice processing, as well as other financial documents.  This contract, which is valued at more than $2 million, will enable the customer to capture and reconcile header and line item data from millions of pages annually.

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The customer selected Distiller on the basis of the unique proposition it offers business process outsourcers (BPOs) and shared service centers.  By minimizing the need for manual data entry of information from complex documents such as invoices and remittances, services can be rendered more quickly and with greater accuracy, ensuring the firm's ability to hit customer SLAs; additionally, streamlining the process enables the BPO to accept more contracts while reducing current staff levels.

"Leading BPOs are turning to automation to help them scale their operations and offer new and higher value-added services to their customers," said Carl E. Mergele, Chief Executive Officer at Brainware. "Brainware's technology is a platform for processing data in any language with minimal human intervention.  By automating transaction processing with new and disruptive technology like Distiller, business services providers can profitably enter new markets and offer new services without continually adding new headcount."

About Brainware, Inc.

Brainware, Inc. 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.  Brainware customers include Airbus, Alcon, Anadarko, BB&T, Baylor Health Care System, British American Tobacco, BSkyB, Clear Channel Communications, Cleveland Clinic, Continental Airlines, CORT, Frontier Communications, Gardner Denver, Halliburton, Her Majesty's Prison Service, Johns Manville, KPMG, NEC, NHS/Steria, Newell Rubbermaid, Old Dominion Freight Line, Philip Morris International, Rabobank, Resurrection Health Care, Reynolds & Reynolds, Shell, Southern Company, Sun Chemical, The Bank of New York Mellon/SourceNet, TriZetto, and many others.  For more information, please visit www.brainware.com.

Contact:
Robert Zoch
Public Relations Specialist
Brainware, Inc.
703-948-5831
[email protected]

SOURCE Brainware, Inc.