Financial Technology

Financial Technology

October 11, 2012

ING Group Deploys the Brainware Distiller

ING Group, one of the world’s largest banks with more than $1.6 trillion in assets, has recently implemented the Brainware Distiller.

The global financial institution offers banking, investments, life insurance and retirement services to meet the needs of a broad customer base. Brainware Distiller is expected to provide the company with efficient capture and validation of header and line-item data from paper-based documents at its Amsterdam headquarters.

“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 at Brainware, in a statement

Brainware Distiller is an intelligent data capture platform that accurately extracts critical information from paper and electronic documents. In addition, it also validates the extracted data and passes it to data management systems (DMS), enterprise resource planning (ERP) and/or financial management systems.

With this offering in place, financial institutions can efficiently process invoices, fulfill customer orders, balance remittances, index documents, process loan applications, automate mailrooms and perform other document-intensive processes.

 “No other data capture offering can match Brainware’s out-of-the-box capabilities for integration with disparate content management platforms, handling numerous languages, addressing different and complex reporting requirements, and straight-through processing of PO-based invoices,” Mergele aded.

It was only last month that the company revealed Distiller 5 achieved SAP (News - Alert)-certified integration with the SAP ERP application.

Edited by Jamie Epstein

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