SOURCE: NEAT Receipts

March 03, 2008 09:00 ET

NEAT Receipts Brings Award-Winning Scanning Technology to the Enterprise

NEAT Connect Offers a Custom Solution for Businesses

PHILADELPHIA, PA--(Marketwire - March 3, 2008) -


NEWS FACTS

NEAT Receipts, a Philadelphia-based company committed to developing user-friendly scanning solutions, today announced the release of NEAT Connect: a highly flexible scanning solution that adds NEAT Receipts' patented scanning capabilities to existing applications. Small-to-mid size businesses and enterprises alike can now use the NEAT Connect scanner and software solution to scan documents and export text, images and data to their customized, third-party applications.

NEAT Receipts will partner with leading online expense reporting and document management companies to build this feature set into their existing product -- individual seat licenses and scanners are provided to deploy the program.

Key features include:

--  Scan to Web: Uploads an image with Intelligent Text Recognition to Web-
    based applications and services.
--  Intelligent Text Recognition: Reads information off of scanned
    documents and converts it to editable text.
--  Image Enhancement: Optimizes scanned images; crops, rotates and
    adjusts brightness.
--  Keyword Search: Allows users to find information on scanned documents
    quickly and easily.
    

NEAT Connect currently works with two third-party solutions:

Online Expense Reports: NEAT Connect reads data from receipts such as date, vendor, amount and payment type, and captures high resolution images of the original receipts. The online expense reporting system will allow users to prepare and submit expense reports for approval.

Online Document Database: NEAT Connect offers a Web-based document management system to help users track and organize papers quickly, easily and securely. Users can scan important paperwork and upload to the Web to store, share and access documents from any location.

QUOTE

"NEAT Connect will bring our scanning technology to a new group of users who already have customized applications in place, but need a reliable and accurate way to capture information. With NEAT Connect, we're helping everyone from the SMB to the 5,000 person enterprise to get the essence of NEAT Receipts -- taking critical information out of paper documents and into digital applications -- then delivering that through a system which plugs into their existing solutions." - Les Spero, Founder of NEAT Receipts.

ABOUT NEAT RECEIPTS

Founded in 2002 as a scanning solution for streamlining the expense reporting system, NEAT Receipts now offers a full range of products and complete system for managing all the paper clutter in your life.

Much more than just creating digital copies of important papers, NEAT Receipts' combined software and hardware solutions transform data trapped on the paper into information that can be organized, stored, secured and activated. NEAT Receipts is a privately-owned company headquartered in Philadelphia. For more information please visit www.neatreceipts.com.

COMPANY HIGHLIGHTS

--  October 2002: Founded by Rafi Spero and Les Spero
--  November 2003: NEAT Receipts launched at Philadelphia Airport kiosk
--  November 2005: NEAT Receipts launched at Staples, Amazon, Fry's;
    additional kiosks opened
--  August 2006: Awarded Best Product honors at Retail Vision
--  October 2006: Named #1 Fastest Growing Private Company by Philadelphia
    Business Journal
--  December 2006: Named Startup Company of the Year by Eastern Technology
    Council
--  April 2007: NEAT Receipts named NAPO's Organizer's Choice Award for Best
    Technology Product
--  June 2007: Rafi Spero recognized as a top 40 Under 40 by Dealerscope
    magazine
--  June 2007: Les and Rafi Spero named Ernst & Young Entrepreneur of the
    Year 2007 Award Winner in Greater Philadelphia
--  October 2007: NEAT Receipts named A Rising Star Company for Deloitte Fast
    50
--  October 2007: NEAT Receipts named #4 Fastest Growing Company by
    Philadelphia 100
--  October 2007: NEAT Receipts named Best Small Company To Work For by
    Philadelphia Magazine
    

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