05.05.2008 12:00:00
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Omtool's AccuRoute(R) Solution Leverages Leading Cost Recovery Terminals to Streamline Legal Document Capture and Handling
Omtool, Ltd. (OTCBB:OMTL), a leading provider of document capture and
handling solutions, announced enhancements for the legal vertical market
to deliver productivity improvements and cost savings for legal
organizations using its AccuRoute product line. Specifically, these
enhancements are in conjunction with leading cost recovery systems such
as Billback Systems, Control Systems, Inc. (Copitrak), Equitrac
Corporation, and nQueue INC. Omtool’s
AccuRoute solution, along with these cost recovery systems, provides law
firms with a single point of access for document capture and its
associated client billing. This allows firms to efficiently perform
document capture (or scanning) initiated from the user-friendly and
readily available cost recovery systems available throughout a legal
firm. Most importantly, users need only one point of access to perform
all their document-related capture, routing, and associated billing
functions.
Increasingly, law firms have come to realize that business-critical
document scanning is a core business function in order to make document
content immediately accessible throughout their firm or department.
Document scanning is also a client-related task whose cost should be
allocated to its respective client much like fax and courier services.
Omtool has seen this corporate mandate increase as firms continue to
expand their document infrastructure to integrate the electronic imaging
of original paper documents and the easier, more cost effective
distribution of those documents.
Included in this announcement are statements of support from Omtool’s
cost recovery partners.
Billback Systems "Billbacks’ clients
count on us to find innovative ways to manage their document related
expenses and we’re very pleased to partner
with Omtool to do just that,” said Andrew
Moon, CEO of the global expense management leader, Billback Systems. "Their
exceptional scanning software, AccuRoute, integrates seamlessly with our
systems and allows optimal document distribution flexibility and data
capturing for expense management and cost recovery.” Control Systems, Inc. (Copitrak) "The goal with any partnership is to combine
solutions so that the resulting system is greater than the sum of its
parts. The Copitrak and Omtool partnership has certainly surpassed this
goal,” said Graham Allen, president of
Control Systems. "Customers not only get all
the benefits of the AccuRoute scanning solution with full and accurate
cost recovery, but they receive a consistent, intuitive and easy-to-use
scan interface directly accessible from each Copitrak Device.” Equitrac Corporation "Equitrac is pleased to support Omtool’s
enhanced AccuRoute product line, providing users of our Equitrac
Professional® print tracking and cost
recovery solutions with personalized access to the rich features of
AccuRoute document capture solutions,” said
Michael Rich, CEO of Equitrac. "AccuRoute’s
integration with the latest-generation Equitrac Professional 5.2.2
solution now provides MFP users with direct scanning capability to
document management solutions on any Equitrac TouchPoint Console®
equipped device in the law office environment.” nQueue INC.
"Our Embedded™ software solution works
with AccuRoute to provide law firms with cost recovery, information
accountability, and improved productivity," said Richard P. Hellers,
president and COO of nQueue. "Omtool has become an increasingly valuable
partner as we work together to help our mutual clients perform complex
document management tasks more efficiently."
Commenting on the advancements in this marketplace Jon Reardon from
InfoTrends said, "The Document Capture market
is one of the hottest growth segments within the networked document
solutions industry. We estimate a compound annual growth rate of 28%
through 2011. This double-digit growth is being fueled by companies that
are able to deliver turnkey solutions that fit the delicately balanced
ecosystems of vertical business industries. These solutions make it
easier for customers to understand benefits and value because they are
tailored towards their specific business environment.”
AccuRoute document capture and handling solutions integrated with the
systems from each of the cost recovery providers above will be in
demonstration at ALA’s Annual Conference in
Seattle, WA this week in booth 405/504. As Omtool continues to deliver
solutions specific to the legal market with over 250 legal customers and
almost 50% of the top US law firms, technology advances such as full
integration with cost recovery providers will be delivered to further
the specific document workflows required by innovative law firms and
legal departments.
About AccuRoute
Omtool’s acclaimed AccuRoute streamlines the
capture, conversion, communication, and archiving of paper and
electronic documents for organizations of all sizes. This server-based
document capture and handling platform provides fast, secure, and
simultaneous document distribution to multiple destinations in multiple
formats enabling organizations to perform complex document management
tasks more efficiently. Designed for distributed enterprise document
routing and accessible from any desktop computer or network-enabled
scanning device (including digital MFP devices), AccuRoute makes
documents immediately accessible where and when they are needed. The
result: organizations enjoy faster, more efficient document workflows,
while reducing associated costs, complexity, and risk.
About Omtool, Ltd.
Omtool, Ltd. is a leading provider of document capture and handling
solutions that simplify the integration of paper and electronic
documents into enterprise information management systems. Our flagship
product, AccuRoute, streamlines the capture, conversion and
communication of paper and electronic documents, enabling fast, secure,
simultaneous distribution to multiple destinations in multiple formats.
Available at any network-enabled scan device or from a user’s
desktop computer, AccuRoute provides faster, more efficient workflows,
while reducing cost, complexity and risk. Omtool solutions are used
worldwide by businesses in document-intensive industries that demand
secure handling, integration and tracking of documents in full
compliance with a range of regulatory requirements. Based in Andover,
Massachusetts with offices in the United Kingdom, Omtool can be
contacted at 1-800-886-7845 or www.omtool.com.
This press release may contain forward-looking statements, including
statements regarding Omtool's future financial and operating
performance; customer interest in and acceptance of Omtool's products;
long-term sales strategy; distribution channels; and the future plans of
Omtool's management. These forward-looking statements are neither
promises nor guarantees, and are subject to risk and uncertainties that
could cause actual results to differ materially from the expectations
set forth in these forward-looking statements, including but not limited
to, risks associated with Omtool’s business,
including introduction of new product offerings, concentration of
all products in the electronic document exchange market, focus on
specific vertical markets; Omtool’s strategic
focus on new vertical markets; and those other risk factors described in
Omtool's periodic reports and registration statements as filed with the
Securities and Exchange Commission. Reported results should not be
considered an indication of future performance. Readers are cautioned
not to place undue reliance on these forward-looking statements, which
speak only as of the date hereof. Omtool undertakes no responsibility to
update any such forward-looking statements.
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