FOR IMMEDIATE RELEASE:
Web-based, Hosted Imaging Solution Significantly Reduces Cost of Document Processing
Fairfield, NJ (February 2, 2004) - Archive Systems,
Inc., a leading provider of web-based hosted imaging and document storage services, has
expanded its Archive DocuLogic imaging solution to support Countrywide Home Loan's Image
Data Import Specification. Archive Systems provides web-based, hosted imaging services to
a growing number of mortgage companies, converting paper-based loan files into electronic
images that authorized users can access via a web browser.
"By providing support for Countrywide's Import Specification, our
mortgage clients can transmit loan files and trailing documents to Countrywide in
electronic format, directly from within their Archive DocuLogic imaging application"
states Hank Boggio, Director of Sales at Archive Systems. "This automated process enables
sellers of loans to eliminate significant fees in overnight delivery charges, delivering
purchase-ready files electronically, eliminating shipping time. Additionally, by
transmitting loan files electronically as opposed to delivering hard copy documents,
mortgage companies will realize increased flexibility and cost savings in managing
their internal processes and personnel."
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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