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PRESS RELEASE Houston, TX August, 2009 INSYTE
Partners with V1 Document Management DATE
2009 - Houston-based document management specialist, INSYTE Information
Corporation (www.nsyt.com), has formed a strategic partnership with V1 Document
Management (www.v1documentmanagement.com).
This partnership enables INSYTE to re-sell V1 Document Management’s full
portfolio of solutions including document imaging, workflow, electronic document
delivery and automated data capture. V1
Document management’s solutions provide INSYTE customers with end-to-end
document management and imaging functionality to fully-automate their business
processes including their purchase-to-pay and order-to-cash processes. V1
Document Management’s solutions can also be tightly integrated into
organizations’ existing accounting, enterprise resource planning (ERP), human
resource (HR) and customer relationship management (CRM) software systems to
provide further process automation where required. Jerry
Easterly, President of INSYTE, says, “V1 Document Management provides the
breadth and quality of solutions businesses are demanding. There are very few
document management authors with end-to-end solutions that can also integrate
into organizations’ existing software systems and so the decision to partner
with V1 Document Management was a no brainer.” V1
Document Management’s portfolio includes a data capture solution which uses
the latest optical character recognition (OCR) technology for the automated
capture of data from inbound documents such as vendor invoices. This technology
reduces manual data entry by up to 90%. V1 Document Management’s product suite
also includes an imaging system for the electronic storage and retrieval of
documents and a workflow system for the automated authorization and circulation
of business documents. Lynne
Munns, Vice President of V1 Document Management, says, “We’re delighted to
be partnering with INSYTE as the company has considerable knowledge of the USA
document management industry as well as over 30 years’ experience of providing
businesses with document management solutions.” Munns
adds, “This partnership will enable even more businesses to enjoy the numerous
benefits of using our document management solutions including considerable cost
and efficiency savings. Our solutions also free-up document storage space,
support companies’ environmental policies and aid compliance.” About
INSYTE www.nsyt.com Since
1991, INSYTE has provided expertise in the proper application of multiple tools
to accelerate business processes and make them more reliable. These tools
include paper and electronic forms, data capture systems, document imaging,
print and electronic output management, custom programming and workflow
management. The results are increased productivity and profitability for
your operations. INSYTE
has decades of experience in electronic forms, data capture, document
management, and software development, with the workflow analysis skills gained
through 31 years in business forms management. Focusing
on efficient and effective document management through document imaging,
workflow and automated data capture, INSYTE has become a leading provider of
document automation to private businesses and government agencies alike. About
V1 Document Management www.v1documentmanagement.com V1
Document Management is the American-based sister company to Version One (www.versionone.co.uk),
a successful UK-based global provider of document management and imaging
software. V1 Document Management’s systems enable the electronic creation,
scanning, delivery, authorization and management of
financial documents. Tightly integrated into all major accounting and enterprise
resource planning (ERP) systems, V1 Document Management’s solutions eliminate
the paper-based storage, duplication and circulation of all types of finance
document including invoices, statements and purchase orders. Using these
solutions, mid-sized organizations can significantly cut costs, reduce staff
time spent on administration, free-up document storage space and enjoy a
return-on-investment within just six months. For press information, contact: For
INSYTE Information please contact: Jerry
Easterly, President jerry.easterly@nsyt.com 281-894-1100 In
the UK please contact: Liz
Ebbrell, PR Manager V1
Document Management Liz.ebbrell@v1documentmanagement.com
Outside
of UK office hours please contact: Lynne
Munns Vice
President V1
Document Management Lynne.munns@v1documentmanagement.com
617
470 8510
PRESS RELEASE Houston,
TX January 22, 2009 Sheridan Production enhances Oracle E-Business Suite with automated invoice processing from INSYTE & ReadSoft ReadSoft’s
Oracle E-Business Suite-certified invoice processing solution has been
implemented at Sheridan Production Co., a Houston-based oil and gas production
company, to automate its accounts payable operations. ReadSoft and partner
INSYTE Information Corporation assisted the Sheridan team with the accounts
payable enhancements. With a strategy focused on acquiring mature producing oil
and gas properties in the U.S., Sheridan Production faces an ever increasing
number of paper-based invoices. Along with basic invoice information, employees
were manually typing in line item information from every incoming invoice into
the accounts payable application. In addition, approvals were obtained from
various district offices causing the invoice flow to be costly and inefficient.
Sheridan turned to ReadSoft to alleviate the manual focus of their accounts
payable department and help automate the approval process for operating
personnel. “Having implemented Oracle E-Business Suite at other
larger corporations, working with the ReadSoft team has been terrific,” said
Anne Oglesby, Accounts Payable Supervisor at Sheridan Production. “Not only
did ReadSoft’s solution simplify a complex business process, but its staff
maintained first-rate customer focus during the entire process.” The ReadSoft solution has been installed with Sheridan’s
Oracle E-Business Suite system to not only automatically capture information
from paper invoices but also to utilize ReadSoft’s automated workflow and
approval procedures. ReadSoft’s solution has achieved the highest possible
product certification with Oracle E-Business Suite which gave Sheridan
confidence to partner with ReadSoft. “With Sheridan’s expected future growth, we needed to
have the infrastructure in place to process invoices as timely and efficiently
as possible to help minimize costly manual procedures and maximize efficiency of
vendor pay,” said Tim Blaine, Sheridan Production CFO. “ReadSoft’s
solution allows us to better utilize our current staffing with only modest
planned increases as we continue to grow.” “When growing companies like Sheridan Production handle
accounts payable inside the Oracle E-Business Suite system, they will experience
improved control of cash flow and invoices,” said Bob Fresneda, President of
ReadSoft North America. “The ReadSoft and INSYTE teams are both pleased that
the solution is successfully in production with Sheridan already experiencing
the benefits promised.” About INSYTE: INSYTE is a technology company that helps businesses
automate from paper based to electronic systems and is a certified partner with
ReadSoft. Focusing on efficient and effective document management through
document imaging, workflow and automated data capture, INSYTE applies multiple
tools to accelerate business processes and make them more reliable. As a leading provider of document automation to private
businesses and government agencies, INSYTE, with offices in Houston, Texas
assists organizations nationwide in automating paper-based processes through the
use of industry leading document imaging, workflow and data capture products.
For more information, please visit www.nsyt.com.
About ReadSoft: ReadSoft is the global leader in the development and sales
of a complete product platform for Document Process Automation. With thousands
of customers on a global basis, ReadSoft supports customers and partners in
North America with offices in 7 locations, including the corporate headquarters
in New Orleans, LA. Established in 1991, ReadSoft was first to bring free form
technology for invoice processing to market and first to achieve certifications
to enterprise resource planning systems such as SAP and Oracle. ReadSoft has
become the global technology leader, with operations in 16 countries and
partners in an additional 70. We are proud to have the largest and most
innovative development department in the industry, with professional services to
assist customers and partners on a global basis. ReadSoft’s vision is to free
businesses everywhere from manual document handling. For more information please
visit www.readsoft.com. # # # For more information, please contact: Alayne Pregeant, Marketing Manager, ReadSoft. 504.841.0119 alayne.pregeant@readsoft.com Bob Fresneda,
President, ReadSoft. 504.841.0111 bob.fresneda@readsoft.com Jerry
Easterly, President, INSYTE. 281.894.1100 jerry.easterly@nsyt.com This press release contains forward-looking statements within the
meaning of the federal Private Securities Litigation Reform Act of 1995.
Statements contained herein that are not statements of historical fact may be
deemed to be forward-looking information. Without limiting the foregoing,
references to future growth or expansion are forward-looking, and words such as
"anticipates," "believes," "could,"
"estimate," "expect," "intend," "may,"
"might," "should," "will," and "would"
and other forms of these words or similar words are intended to identify
forward-looking information. You should read statements that contain these words
carefully because they discuss our future expectations contain projections of
our future results of operations or of our financial position or state other
forward-looking information. There may be events in the future that we are not
able to predict or control accurately, and any forward-looking statements are
subject to risks and uncertainties that could cause our actual results to differ
materially. These risks and uncertainties include: (i) the ability to recruit
and retain qualified technical and other personnel in a highly competitive
market, (ii) market acceptance of our new and future products, (iii) the growth
and adoption rate of Windows NT and Windows 2000, (iv) growing competition and
(v) our ability to maintain and manage our growth. For additional information
regarding risk factors that could affect our future results, please refer to the
discussions of "Risk Factors" in our Form 10-Q for the quarter ended
June 30, 2000, filed with the SEC on August 8, 2000, and our Form S-1/A
Registration Statement Amendment filed on March 9, 2000. INSYTE
INFORMATION CORPORATION NAMED 2006 AGGIE 100 HONOREE COLLEGE STATION, TX. (Friday, October 13, 2006)
– INSYTE Information Corporation of Houston, Texas is among the firms selected
for the 2nd annual “Aggie 100” list of the fastest-growing
companies owned or operated by Texas A&M University former students. INSYTE
was recognized as number twenty-seven on the list. <see
more>
JERRY EASTERLY INTERVIEW ON THE BUSINESS MAKER RADIO SHOW HOUSTON, TX (Saturday December 9, 20060 Today, Jerry Easterly, President of INSYTE Information Corporation, was interviewed on The Business Maker Radio Show. The interview highlighted INSYTE’s and two other Houston area companies’ selection in the prestigious Aggie 100. <see more> Listen to the podcast here.
LSU HEALTH SCIENCE CENTER CHOOSES INSYTE & READSOFT HOUSTON, TX (Monday September 17, 2006. LSU Health Science Center has chosen INSYTE Information Corporation to update their aging data capture system for patient surveys. The mission of the Louisiana State University Health Sciences Center is to provide education, research, and public service through direct patient care and community outreach. LSUHSC comprises the Schools of Allied Health Professions, Dentistry, Graduate Studies, Medicine, Nursing, Public Health, and hospitals and clinics throughout Louisiana. LSUHSC will use the DOCUMENTS for Forms data capture software to automate the scanning and data entry of patient surveys to evaluate patient care performance and to highlight areas for improvements in the patient care systems.
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