Business Services Industry
U.S. Foodservice, Inc. is an OPEN SCAN® Client
Business Wire, April 30, 2008
DENVER -- U.S. Foodservice, Inc., one of the largest broadline foodservice distributors in the United States, is a user of Open Scan Technologies, Inc.'s RedCap[TM] Corporate Accounts Receivable Processing software. U.S. Foodservice is a full-service distributor with more than 70 locations nationwide. The company distributes food and related products to 250,000 customers across the United States, including restaurants, hospitals, hotels, schools, government institutions, and other establishments where food is prepared outside of the home.
The thin margins and high transactional volume that typify wholesale distribution make operational cost control extremely important. Faced with a slow-down in orders and rising transport costs, distribution companies are leveraging technology to not only improve operating margins but enhance their customer's experience as well. Streamlining the receivables process is a prime area for achieving bottom-line efficiencies.
"In the wholesale business-to-business payments arena, the processing of payment documents tend to be very time and labor intensive. In the past, this left companies only two options: Paying staff or paying a bank to process the documents and checks," said OPEN SCAN[R] President and CEO Nadine Lange. "RedCap[TM] brings a new paradigm to A/R processing, allowing for greater control and accuracy, less cost, and faster cash application."
OPEN SCAN[R] provides the convergence of three key functions that are critical to delivering full wholesale remittance automation for distribution companies: the ability to capture and integrate images from any scanned source including the bank or a remote deposit location; simplified and fully automated data capture from any unstructured payment form; and automated intelligent A/R matching and cash application.
About OPEN SCAN[R]
Open Scan Technologies, Inc. (OPEN SCAN[R]) is a premier provider of modular and highly scalable receivables processing solutions that extend the functionality of remote deposit capture and wholesale lockbox. The company's flagship product, RedCap[TM], delivers the convergence of electronic check deposit, remittance processing, forms processing and cash application at the desktop or in a distributed enterprise environment. Corporations, financial institutions and government agencies of virtually any size realize the highest levels of automation, data accuracy and operational savings for their receivables processing environments. For more information, please visit www.openscantech.com.
OPEN SCAN[R] is a registered trademark of Open Scan Technologies, Inc. Other names may be trademarks of their respective owners.
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