Version One and Specsavers Focus on Data Capture Technology at Softworld 2006

Document management and imaging software author, Version One (www.versionone.co.uk), is exhibiting its automated data capture solution, DbCapture, on stand AF233 at Softworld Accounting and Finance 2006 (18th - 19th October 2006 at NEC, Birmingham). During a Masterclass session at 2:00pm on 18th October 2006, The Director of Finance from Specsavers is also presenting a case study that clearly demonstrates the benefits of using DbCapture.

DbCapture, the latest addition to Version One's portfolio of 'paperless office' solutions, enables automated data capture by using advanced Optical Character Recognition (OCR) technology. DbCapture tightly integrates into all major accounting and ERP systems, enabling organisations to automate the processing of financial documents such as supplier invoices, purchase orders and remittance advices.

By scanning-in a batch of documents, such as invoices, DbCapture automatically recognises document type and supplier by each document's unique characteristics. DbCapture then highlights and extracts the relevant references and amounts and validates the extracted data against the accounting system. The validated data can then be automatically uploaded into the core financial system.

Benefits of using DbCapture include reduced manual data entry and labour costs, and by getting invoices processed more efficiently, late payment penalties are dramatically reduced.

Leading UK optician, Specsavers, has implemented DbCapture to streamline its 'procure-to-pay' functions and provide greater efficiency for its finance operation. During the Softworld Masterclass session 2:00pm on 18th October, Specsavers' Director of Finance, Karen Dicks, will explain how Version One's DbCapture is dramatically improving Specsavers' financial processes, reducing its data entry effort by up to 80% and significantly reducing time and money.

To find out more about DbCapture as well as other Version One modules, visit stand AF233 at Softworld (af.softworld.co.uk), call +44 (0)1625 856500 or visit www.versionone.co.uk

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Notes to Editor

About Version One www.versionone.co.uk

Version One Ltd is the author of electronic document management and imaging software. These solutions enable the automated electronic storage, retrieval, management, enhancement and delivery of business documents such as invoices, purchase orders and statements. This 'paperless office' technology is seamlessly integrated into all major ERP and accounting systems and with a typical ROI of less than six months, Version One's solutions are enabling thousands of organisations to save dramatic amounts of time and money.

Contacts:

Liz Ebbrell, Version One
[email protected]
+44 (0)1625 856500 or 07917 634 705