WAUSAU and Peladon Software to partner in delivering
advanced document imaging products
SAN DIEGO, Calif., November 10, 2006
–
Peladon Software, a pioneering developer of automated
capture and document imaging solutions, today announced the
completion of a partnership agreement with WAUSAU, a leading
provider of distributed payment and document processing
solutions for the payments and remittance industries.
With the agreement, WAUSAU will integrate, market and resell
Peladon’s advanced document processing systems for complex
financial applications, such as wholesale lockbox remittance
and explanation of benefits (EOB) processing to new and
existing customers. As part of the partnership agreement,
WAUSAU will offer the complete line of
Peladon Software’s
DocXP™ suite of advanced data capture software including
Peladon’s unique Document Classification and Data Extraction
technology.
“The enhancement of WAUSAU’s existing line of payment
processing solutions with Peladon’s
DocXP™ suite
significantly contributes to further automation of very
labor intensive tasks involved in the processing of complex
financial documents, such as invoices, purchase orders and EOBs,”
said Noel Flynn,
Peladon Software
COO. “The financial document markets are seeking greater and
greater streamlining of processing for intricate financial
documents, and
DocXP™, with its rich functionality and
utmost attention to efficiency, can deliver tremendous cost
savings to the end users,” continued Mr. Flynn.
“After an extensive search to find a full forms recognition
partner that could fully and seamlessly integrate with our
ImageRPS remittance solution, we chose to partner with
Peladon, because they demonstrated innovative forms
processing functionality and packaged this technology as
both an API and a complete solution. The automated
document classification and real-time rules definition
technology that Peladon provides us is especially important
to the healthcare industry, where more customers are looking
to automate and enhance EOB processing capabilities,” said
Patrick Brzezinski, Remittance Product Line Manager for
WAUSAU. “This tightly integrated solution will allow
us to address all types of documents, including structured
forms and semi-structured documents of unknown format.
We are confident that this integration will allow our
customers to obtain a greater return on their investment
through our remittance solutions and save valuable time and
resources.”
About Peladon Software
Peladon Software, a wholly owned division of Data & Research
Services PLC, provides automated data capture solutions for
the Banking, Insurance, Financial and Government markets.
Peladon’s products, combined with expert services, allow
companies across the globe to reduce operating costs, obtain
higher information accuracy and speed processing times.
Using Peladon’s solutions, clients become more efficient and
competitive, allowing better, faster decision making. With
the depth and strength of a parent company such as DRS, a
market leader in the data capture arena for more than 35
years, Peladon offers the finest automated data capture
technology, combined with world class customer support.
For more information about Peladon Software, contact the
company at 9444 Balboa Avenue, Suite 215, San Diego, CA
92123;
858-634-5405 or visit
www.peladonsoftware.com.
About WAUSAU
WAUSAU is a premier provider of payment and remittance
processing solutions, serving businesses of all types to
develop strategies that move money faster. With its
products, services and consulting, WAUSAU works with
customers to speed check processing, electronic presentment,
ACH payments, transaction processing, distributed capture
and enterprise content management. WAUSAU’s innovative
solutions provide results for a wide range of organizations
including financial institutions, insurance companies,
utilities, retail businesses and governmental agencies. Find
more information about WAUSAU at
www.wausaufs.com.
Press Contact:
Noel Flynn
Peladon Software
858-634-5405
nflynn@peladonsoftware.com