FOR IMMEDIATE RELEASE:
Software as a Service Allows Phoenix-based Thermo Fluids to Focus on Business, Not Paper
Fairfield, NJ (October 11, 2005) - Archive Systems, the
premier provider of Document Process Outsourcing (DPO) services, today announced an agreement
with Thermo Fluids Inc., a fluid recycling and collection services provider, to provide a
comprehensive Web-based image hosting solution.
Archive Systems has been providing Thermo Fluids with off-site business
records storage services to support their records management requirements. With the expanded
relationship Archive Systems now provides Thermo Fluids with Web-based image hosting and
high-volume, off-site document conversion for accounts receivable documentation.
In addition, Thermo Fluids will take advantage of Archive Systems’
Scan-on-Demand service, which delivers requests for previously housed hard copy documentation
electronically for staff to view instantly.
"Now authorized personnel in our various locations have 24x7 Web-based
document access," stated Gary Hatch, Controller of Thermo Fluids. "This has eliminated manually
storing and retrieving files."
"Previously, a copy of each accounts receivable document was stored at
one of the regional locations and in Thermo Fluids’ corporate headquarters for at least one
year," stated Rick Kushel, President & CEO of Archive Systems. "Now all locations have secure
access to critical accounting documentation on-demand, resulting in improved process efficiencies
and increased customer service. Through our comprehensive offering, Thermo Fluids is better
equipped to focus on core business functions rather than the storage and retrieval of office
paperwork."
About Thermo Fluids
Thermo Fluids is a closely-held portfolio company of HIG Capital, one of the pre-eminent private
equity firms in the United States. The company has a long-standing presence in the industry and
a reputation for excellence in service, compliance and quality. The combination of broad geographical
coverage, experience, and dedication to customers makes Thermo Fluids the clear choice for managing
a business’s automotive fluid recycling materials.
About Archive Systems, Inc.
Archive Systems, Inc. flagship solution, ASPEN 360 Accounts Payable Edition, combines best practices AP Automation with ZeroTouch AP imaging and workflow. The product increases efficiencies and reduces costs with features such as straight through processing, which uses automated three-way matching to auto match invoices to PO and receipt line items without AP processor intervention. It includes the ASPEN 360 Invoice Virtualization Center, which removes from the client all tasks associated with document imaging, data capture, document classification, indexing, and OCR. The company also provides physical records management services such as business records storage, document shredding, and offsite data storage, through a number of Record Center locations. For more information, please visit www.archivesystems.com.
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