Innovative Provider of Advanced Freight Audit, Accounting and Payment Services Recognized for Excellence in Enterprise Content Management
ABBYY, a leading provider of recognition, data capture and linguistic technologies, today announced its customer Trendset, Inc. received top honors in the AIIM annual "Best Practice" awards for having the best enterprise content management (ECM) implementation in the small business category. AIIM presented Trendset and ABBYY with the awards on Tuesday, April 17th at the annual AIIM awards celebration in conjunction with the AIIM Conference and Exposition currently taking place in Boston, MA.
The Carl E. Nelson Best Practices Award recognizes excellence in the Enterprise Content Management (ECM) field. This award provides an exciting and unique way for end user organizations to share their ECM project implementations with their peers and for ECM solution providers to showcase the ROI that their solutions can achieve.
“From the many quality submissions we received, the AIIM Emerging Technology Advisory Group (EmTAG) selected nine finalists, and AIIM members made the final determination of the award winners,” said John Mancini, president of AIIM. “The winners chosen have clearly demonstrated best practices from which our membership can learn valuable lessons.”
Trendset, a provider of advanced freight audit, accounting and payment services previously processed invoices, bills of lading and delivery receipts manually. This process required 35 full-time employees, and it took approximately five days to turn around each document.
“When I carefully examined our previous operational workflow, I discovered obvious bottlenecks, particularly in separating and sorting paper documents and manually keying in data,” said Jay Johnson, CTO at Trendset. “ABBYY FlexiCapture Studio automatically differentiates invoices from supporting documents, completely eliminating the need for manual pre-sorting. We work with approximately 1,200 different carriers at any given time, and FlexiCapture accurately extracts the required data from the wide variety of forms we deal with.”
When Trendset implemented ABBYY FlexiCapture Studio, it successfully reduced the processing turnaround time per document by 40 percent, and reduced its data processing headcount from 35 to 21. By eliminating physical separator pages from the process, the company saves $60,000 annually in these paper costs alone. FlexiCapture automatically extracts the data, checks to see if an invoice has been prepaid, and finds duplicate invoices by comparing the data on newly arriving invoices with the data on carrier invoices already processed. Moreover, by aging payments of billing documents against its clients’ preferences, Trendset guarantees that each customer pays its freight carriers the minimum required by existing contracts.
“It is certainly a pleasure to have our customer recognized for its successful implementation of ABBYY technology,” said Dean Tang, chief executive officer at ABBYY USA. “Trendset is a great example of how companies can improve business processes, achieve greater ROI and streamline efficiencies with automated document processing implementations, and we congratulate them on this achievement.”
AIIM (http://www.aiim.org/) – The Enterprise Content Management Association. For over 60 years, AIIM has been the leading non-profit organization focused on helping users to understand the challenges associated with managing documents, content, records, and business processes. With 70,000 industry professionals as members, the association is international in scope, independent, implementation-focused, and, as the representative of the entire ECM industry - including users, suppliers, and the channel - acts as the industry's intermediary.
As a neutral and unbiased source of information, AIIM serves the needs of its members and the industry by providing educational opportunities, professional development, reference and knowledge resources, networking events, and industry advocacy. Visit the ECM Industry Watch Blog at http://aiim.typepad.com/aiim_blog/.