Philadelphia, PA, May 17, 2006 – ABBYY USA, a leading provider of document recognition, data capture and linguistic technologies, today proudly announced that it received the quarterly Innovative Leadership Award from Fujitsu Computer Products of America, Inc., a market leader in document imaging scanners and services, for the successful deployment of ABBYY FlexiCapture technology to one of the nation’s largest aerospace companies. The Fujitsu quarterly Innovative Leadership Award recognizes independent software and hardware vendors (ISVs and IHVs) that leverage imaging products to streamline and optimize business processes to positively impact their customers’ bottom line.
“Fujitsu is pleased to present the Innovative Leadership Award to ABBYY USA,” said Tom Loeffler, director, business development, Fujitsu Computer Products of America, Inc. “Working with ABBYY helps us meet the needs of our customers and resolve their document management issues with collaborative hardware and software solutions.”
“ABBYY has enjoyed a long-standing relationship with Fujitsu and is honored to receive this award,” said Joe Budelli, Vice President of Business Development, ABBYY USA. “Winning this award signifies the problem-solving nature of the document management solutions our companies offer to the market at large, and in particular, to this aerospace organization, whose order processing department was previously deluged with thousands of pages of paper.”
“Today, in order to remain competitive, organizations need to continually review business processes to ensure that they maximize organizational efficiency,” said Neal Fischer, president, Hershey Technologies, the San Diego-based ABBYY integrator of document capture solutions that worked on the deployment with the aerospace company. “Order processing and accounts payable processing tasks are typical high value, high transaction, and high labor processing tasks that gain tremendous efficiency from intelligent document recognition technologies.”
Recently, Hershey was commissioned to conduct a study of leading intelligent OCR classification providers by the aerospace company, who sought to streamline its order processing business practice. This business unit processes government contracts, the volume of which can range from 100,000 to 200,000 pages a month, and 50- to 150-page contracts are the norm. The intelligent document recognition solution they sought had to automatically capture the paper contracts, accurately identify (classify) different types of contracts and sections of contracts, then extract specific causes and contract line-item details that often spanned multiple pages. The system also needed the ability to scale and automate other paper-based manual processes such as accounts payable, and employee travel and expense claim payments.
After reviewing several solutions, Hershey proposed an integration with an existing Kofax Ascent Capture distributed capture architecture system, combined with a number of Fujitsu desktop and workgroup scanners, including the fi-5650, fi-5750 and fi-4530 models that will utilize ABBYY Form Reader with Flexicapture Studio. The first phase involving order processing has already been implemented and the next phase with accounts payable is already underway.
About ABBYY USA
ABBYY USA is a member of the ABBYY Software House Group, a world leader in document recognition and linguistic technologies. ABBYY specializes in the development of software for optical character recognition (OCR), intelligent character recognition (ICR), linguistics, semantics, and electronic lexicography. Leading products from ABBYY include the FineReader line of OCR, ICR and barcode software, and FineReader development tools. Companies that license ABBYY OCR/ICR technologies include Banctec, BenQ, C-Technologies, Captiva/SWT, emc/Documentum, EPSON, Freedom Scientific, Fujitsu, Hewlett-Packard, Kurzweil, Kofax, Microtek, NewSoft, Notable Solutions, Neurascript, Panasonic, Samsung Electronics, Saperion, Siemens Nixdorf, Stellent, Sumitomo Electric Systems, Toshiba, and Verity. The ABBYY Group Headquarters are located in Moscow with offices in Ukraine (ABBYY Ukraine), the United States (ABBYY USA, Fremont, CA), the UK (ABBYY UK, Bishops Stratford, England), and Germany (ABBYY Europe, Munich).
For more information about ABBYY, visit: http://www.abbyyusa.com/or contact ABBYY USA, 47221 Fremont Boulevard, Fremont, CA 94538. Phone: (510) 226-6717. Fax: (510) 226-6069. E-mail: firstname.lastname@example.org.
Fujitsu is a leading provider of customer-focused IT and communications solutions for the global marketplace. Pace-setting device technologies, highly reliable computing and communications products, and a worldwide corps of systems and services experts uniquely position Fujitsu to deliver comprehensive solutions that open up infinite possibilities for its customers' success. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.8 trillion yen (US$40.6 billion) for the fiscal year ended March 31, 2006. For more information, please see: http://www.fujitsu.com
About Fujitsu Computer Products of America, Inc.
Fujitsu Computer Products of America, Inc. conducts engineering and marketing activities in Sunnyvale, CA and sales operations throughout the United States. Fujitsu Computer Products of America currently offers products and services including scanners and scanner maintenance, hard disk drives, Magneto-Optical drives, palm vein recognition technology and 10 GB Ethernet switches. Fujitsu Computer Products of America is located at 1255 East Arques Avenue, Sunnyvale, CA, 94085. For more information about Fujitsu products and services, call us at 800-626-4686 or 408-746-7000.
For more information, please see: http://us.fujitsu.com/fcpa
About Hershey Technologies
Hershey Technologies is a leading provider of business process automation solutions leveraging document automation technology. Based in San Diego, California, Hershey has been a leading reseller of Content Capture (Imaging, eForms), Document Management and Business Process Management Workflow solutions since 1991. Hershey’s success is attributable to our expertise in the selecting the proper mix of process automation technology, people, and system lifecycle support services. Today Hershey Technologies provides one of the largest and most comprehensive agile product support teams that is able to provide high quality project implementation support services. For information on digital document capture , OCR and data extraction technologies, Please call us at 800 705 0401 or email us email@example.com or visit us at http://www.hersheytech.com/