Accounts Payable Survey Indicates Significant Productivity Gains With Scanning and OCR; Datacap, Fujitsu and IOMA Survey of 400 AP Managers Points to Higher Satisfaction and Improved Process through Automation

Business Wire, Sept 7, 2006

TARRYTOWN, N.Y. -- Datacap Inc., the leading provider of flexible document capture and forms processing software solutions to organizations worldwide, today announced the results of the first significant survey on scanning and OCR in accounts payable. The end-user survey was commissioned by Datacap, Fujitsu Computer Products of America, Inc. and IOMA (Institute of Management Administration). Results were compiled and analyzed by Power Decisions Group of San Francisco.

More than four-hundred AP managers participated in the survey during May-June 2006, which addressed a range of invoice automation issues, including scanning, electronic invoices, OCR for data entry automation and outsourcing.

The survey provides exclusive insight on invoice scanning trends and the bottom-line benefits achieved by organizations that have incorporated scanning into the invoice process. Analysis of the survey results points to broad awareness of the benefits of imaging, OCR and workflow in accounts payable.

Ninety-three percent of survey respondents report they recognize the efficiency and financial benefits of scanning, but often are impeded by the company's chief financial officer (52%). Based on the poll, CFO's are generally the decision makers for AP technology purchases within an organization.

Key findings from the research include:

--32% of respondents scan all their invoices

--Only 12% of all respondents use OCR forms processing technology to automate the processing of invoices

--Average cost to process an invoice manually is $24, ranging from .22 cents to $350

--More than 70% of respondents indicated that less than 9% of their invoices are distributed via electronic (email or EDI)

--More than 50% of respondents said their current invoice processing system is inefficient

--Less than 20% of all respondents outsource invoice scanning

--42% of respondents report scanning high volumes of invoices (between 5000 and 25,000 monthly); while 52% scan between 1000 and 5000 monthly

"An overwhelming percentage of AP professionals acknowledge the impact front end scanning and data capture can have on their organization's bottom-line," said Scott Blau, CEO of Datacap Inc. "But this research also sheds light on the obstacles AP departments face when proposing these solutions and the slow transition AP personnel are making from manual to more efficient, automated processing of invoices. This report should be required reading for CFOs."

The Survey respondents represented a wide range of organization size and industries, with 24% in manufacturing, eleven percent and nine percent of the respondents representing the healthcare and insurance. Participants employed in education and the financial services industries represented eight percent each of the polled audience. AP professionals in business services (6%), utilities (6%) and government (4%) completed the survey sample.

The final survey report is available for free download at http://www.datacap.com/downloads/apsurvey

About Datacap Inc.

Since 1988, Datacap Inc. has provided leading document capture and forms processing software solutions to organizations worldwide. Datacap Taskmaster software efficiently transforms paper into information, reducing data entry costs and improving information accuracy. A client/server, rules-based document capture workflow platform, Taskmaster provides highly flexible solutions for both image indexing and data entry automation. Taskmaster also enables scanning, indexing and administration from a browser and integrates with all leading document management systems.

About Fujitsu Computer Products of America, Inc.

Fujitsu Computer Products of America, Inc. conducts engineering and marketing activities in Sunnyvale, CA and sales operations throughout the United States. Fujitsu Computer Products of America currently offers products and services including scanners and scanner maintenance, hard disk drives, Magneto-Optical drives, palm vein recognition technology and 10Gb Ethernet switches. Fujitsu Computer Products of America is located at 1255 East Arques Avenue, Sunnyvale, CA, 94085. For more information about Fujitsu products and services, call us at 800-626-4686 or 408-746-7000. For more information, please see: http://www.fcpa.fujitsu.com <http://www.fcpa.fujitsu.com/> .

About IOMA

IOMA, the Institute of Management Administration, is the acknowledged leader in providing practical information to the accounts payable profession. From Report on Managing Accounts Payable newsletter and our numerous special reports to our highly-regarded conferences and training seminars, IOMA's contributions to AP education are considered the gold standard around the world. For more information, visit www.ioma.com.