SOURCE: LuraTech, Inc

LuraTech, Inc

March 21, 2011 18:03 ET

DOCSOLUTIONS Improves Productivity and Accuracy With LuraTech's DocYard Platform

Mexican Document Management Company Cuts Processing Time by More Than 60 Percent With Innovative Conversion and Capture Software

SAN JOSE, CA--(Marketwire - March 21, 2011) -  LuraTech, a leading provider of production software for document processing and PDF/A and OCR solutions, announced today that DOCSOLUTIONS, a Mexican document management company, has achieved significant improvements in productivity and accuracy by deploying DocYard, LuraTech's flexible, centrally managed software platform to manage the production environment for scan service providers.

DOCSOLUTIONS purchased DocYard initially to assist with a project consisting of more than 1.5 million pages that required data to be extracted from 80 fields per form. The project's service level agreement (SLA) required DOCSOLUTIONS to extract 6.7 million fields per week and maintain accuracy of 99.6 percent to 100 percent for the majority of the fields.

"With our previous data entry solution, it would have taken us about 12 minutes per document, which would have enabled us to only process about 50,000 pages per week," said Fredrik Nilsson, director of Operations at DOCSOLUTIONS. "But with the automation and customization we were able to achieve with DocYard, we cut our processing time by 60 percent. On average, we cut our data entry time to four minutes or less, which enables us to process the required 6.7 million fields per week. And even with the faster processing time, we were able to maintain the high level of accuracy required for this project."

With DocYard, DOCSOLUTIONS was able to introduce optical character recognition (OCR) and intelligent character recognition (ICR) to automate initial data entry from its client's documents, which ultimately improved data accuracy. DocYard also offered centralized management of the entire project, giving DOCSOLUTIONS better reporting capabilities that included visibility into the flow of documents and the productivity of its data entry employees.

"DocYard was very flexible, allowing me to integrate my existing systems with its specialized modules. And it was easy to configure, which is very important as we're starting new projects all the time and need to customize our workflows to meet each one's specific requirements," Nilsson added. "But the results we achieved cannot be attributed to the technology alone. LuraTech provided outstanding customer support and provided us with ideas about how we could structure our workflow to achieve optimal results."

More About DocYard

"Scanning projects are becoming more complex, while SLA demands are more competitive. With the launch of DocYard, LuraTech is providing scan service and business process outsourcing (BPOs) companies with the best possible production software for their operations," said Mark McKinney, president of LuraTech Inc. "Because of our depth of experience in this market, we clearly understand the enormous pressure operations managers feel when trying to meet the SLAs as cost-effectively as possible, and have designed DocYard to help ease that pressure."

DocYard is production software for scan service providers, BPOs and other enterprises that deliver reliable, cost-effective and high quality results. DocYard enables an organization to seamlessly integrate their disparate production tools and resources -- including capacity usage -- into flexibly configured workflows that can be centrally monitored and controlled. Both automatic and manual processes can be included in the DocYard workflows. 

Once workflows are created, users can rely on DocYard to deliver comprehensive production reports that will help them estimate costs for new jobs, conduct production planning, monitor SLA compliance and manage billing. 

With DocYard, users do not sacrifice previous investments in systems and components because these tools can be easily integrated into the platform with little need for customization or programming skills. As a result, DocYard offers users a quick return on investment because of its ease-of-use, and its ability to minimize implementation costs and operating expenses.

About DOCSOLUTIONS
DOCSOLUTIONS offers tailored solutions to best fulfill its customers' needs in document management and information processing. With a state of the art technological platform, infrastructure and world-class applications, DOCSOLUTIONS creates and implements comprehensive outsourcing solutions ranging from information flow design, database generation and imaging, to the archiving and storage of documents, providing efficient access to electronic and physical information. For more information, visit www.docsolutions.com.

About LuraTech
LuraTech delivers production software and document and data conversion solutions, along with bespoke services and outstanding support. Scan Service Providers and other enterprises and organizations get the most out of production methods when working with LuraTech. LuraTech's solutions achieve the same level of automation and integration in document conversion that other industries have successfully demonstrated in their own production methods. LuraTech's solutions require little customization to implement and are easy to manage.

Since its foundation in 1995, LuraTech have been a leading provider of open and ISO-standards-based document and image compression solutions, including widely used PDF, PDF/A and JPEG2000 products.

LuraTech's headquarters are in Berlin, Germany, with additional offices in Remscheid, Germany; San Jose, Calif., U.S.A.; and Swindon, U.K.

Further information can be found at www.luratech.com.

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