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The 2006 Guide to Imaging & Workflow Automation: Moving Toward a Paperless Organization

Published by: PayStream Advisors, Inc.

Published: Mar. 6, 2006 - 81 Pages


Table of Contents


Introduction

The Case for Accounts Payable Automation


Figure 1: Pain Points in the Invoice Receipt-to-Pay Cycle

Figure 2: Current Interest in Imaging and Workflow Solutions


What is Imaging and Workflow Automation?


Figure 3: The Imaging and Workflow Automation Universe




Current Adoption of IWA Solutions

Imaging Technologies


Figure A: Current Adoption of Imaging in AP


Workflow Automation


Figure B: Use of Workflow Tools for Invoice Processing




The Different Flavors of IWA

Back-End Document Capture and Archival

Front-End Document and Data Capture


Figure 4: A Typical Front-end Document and Data Capture Process

Table 1: Characteristics of Structured and Unstructured Documents


Front-End Document and Data Capture with Workflow


Figure 5: A Typical Workflow Process




Different Forms of Image Recognition

Template-Based Recognition

Free-Form Recognition


Table 2: Different Flavors of Image Recognition


Knowledgebase Recognition




The Benefits of IWA


Table 3: The Benefits of Imaging and Workflow Automation




IWA & Sarbanes-Oxley Compliance




Solution Profiles

Archive Systems

BasWare

EMC Captiva

EMC Corporation


Case Study: Constellation Energy


Hyland Software


Case Study: Lee County


ReadSoft


Case Study: Kellogg Corporation


Soluziona

Stellent, Inc.


Case Study: Weitz Company




Selecting an IWA Solution

Imaging, Workflow or Both?


Table 4: IWA Solutions: Imaging, Workflow or Both?


Software Solution or Outsourced Service?


Table 5: IWA Solutions: Software or Outsourced Service?


Solution Functionality


Table 6: Key Partnerships

Figure 6: IWA Solution Functionality


Web Invoicing as an Alternative

IWA Vision


Table 7: IWA Solutions: Market Traction

Figure 7: Solution Providers: Market Traction vs. IWA Vision




Conclusion


Figure 8: Forecasted Growth of the Worldwide IWA Solution Market




Appendix: Evaluation Methodology




About PayStream Advisors

Abstract

The report is targeted toward individuals who require detailed vendor and product information in order to identify and select an appropriate solution for their imaging and workflow management needs. Beginning with an introduction to IWA, it describes the most common forms that solutions take and highlights the benefits that they deliver. Next, identically structured solution profiles provide specific information about individual IWA vendors and solutions. The report concludes with analytical insights that will help the reader compare and contrast across all of the vendors and solutions.

What we do: PayStream Advisors is a team of dedicated analysts and consultants working to bring fresh insights to our clients' operations and improvement needs. Our team members bring a wealth of experience from banking, accounts payable, receivables, technology consulting and other disciplines.

What we do: We're in the ideas business. PayStream Advisors offers a variety of research products and advisory services to help your company get started with improving its financial operations. We recognize that companies are in different phases with regard to their process improvement strategies. This is why we offer solutions that benefit companies at all stages of improvement.

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