05.05.2008 12:00:00

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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