Budgeting, Planning & Forecasting

Budgeting, Planning & Forecasting

October 11, 2012

ING Group Selects Brainware Distiller

Recently, Brainware announced that ING Group selected Brainware Distiller to capture and validate header and line-item data from paper-based documents.

Brainware Distiller from Brainware extracts important data from paper and electronic documents. It then validates the extracted data and passes it to the data management system (DMS), enterprise resource planning (ERP) and/or financial management systems.

This allows companies to efficiently process invoices, fulfill customer orders, balance remittances, index the documents, process loan applications, and perform various other functions.

The company gets the system up and running in the users’ environment in as little as 48 hours with the help of Distiller's template-free, human-like learning approach to data capture.

Users can begin realizing a return on investment (ROI) with page one on day one.

Apart from improved insight into the overall payables process, and apart from showcasing compliance with regulations such as Sarbanes-Oxley and others, Brainware Visibility offers a complete audit trail, such improved transparency, allowing a company to better enforce controls and protocols.

“As a Forbes Global 50 company, ING is in a position to adopt literally any technology that offers a compelling ROI, and we believe this contract demonstrates that Brainware offers the most powerful, scalable application for efficiency and visibility in document-based process automation,” said Carl E. Mergele, general manager and executive vice president of Brainware. “No other data capture offering can match Brainware’s out-of-the-box capabilities for integration with disparate content management platforms.”

In 2011, the company exhibited at Procure to Pay 2011. Sponsored by the International Quality & Productivity Center, this event is a yearly conference. The company announced that Andre Hale, director of Accounts Payable for Disney (News - Alert) Worldwide Shared Services (The Walt Disney Company), delivered the International Keynote, “Setting Up a Shared Services Organisation to Achieve a Centralised Approach,” at the event.

Edited by Braden Becker

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