PRESS RELEASE I.R.I.S. installs an invoice processing ... - IRIS ECM
PRESS RELEASE I.R.I.S. installs an invoice processing ... - IRIS ECM
PRESS RELEASE I.R.I.S. installs an invoice processing ... - IRIS ECM
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>PRESS</strong> <strong>RELEASE</strong><br />
I.R.I.S. <strong>installs</strong> <strong>an</strong> <strong>invoice</strong> <strong>processing</strong> solution at Gemini Corporation<br />
Louvain-la-Neuve, 24 August 2010 – The stock exch<strong>an</strong>ge listed comp<strong>an</strong>y I.R.I.S., (EURONEXT<br />
Brussels: IRI), specialized in Intelligent Document Recognition (IDR) 1 , Enterprise Content<br />
M<strong>an</strong>agement (<strong>ECM</strong>) 2 <strong>an</strong>d complex infrastructure for Information <strong>an</strong>d Communication Technology<br />
(ICT) 3 , is pleased to <strong>an</strong>nounce that it has been contracted by Gemini Corporation to provide <strong>an</strong><br />
<strong>invoice</strong> procession solution, based on <strong>IRIS</strong>Powersc<strong>an</strong> <strong>an</strong>d <strong>IRIS</strong>Xtract for Documents.<br />
Gemini Corporation NV is a multi-country commodity specialist with its head office in Belgium <strong>an</strong>d<br />
associate offices all over the world. The comp<strong>an</strong>y has more th<strong>an</strong> 100 people available to add value to<br />
its worldwide raw material operations. Like so m<strong>an</strong>y other comp<strong>an</strong>ies, Gemini was <strong>processing</strong><br />
incoming <strong>invoice</strong>s in a m<strong>an</strong>ual way but was also very much aware that this is time consuming <strong>an</strong>d<br />
very cost inefficient. That’s why they started the search for the best solution provider for digital<br />
mailrooms.<br />
Gothal Shailesh, CTO of Gemini Corporation NV: “We w<strong>an</strong>ted to improve the incoming <strong>invoice</strong><br />
process by automating it. The purpose is to reduce costs by setting up a centralised shared service,<br />
decreasing h<strong>an</strong>dling <strong>an</strong>d <strong>processing</strong> time, <strong>an</strong>d improving the search <strong>an</strong>d consultation of <strong>invoice</strong>s<br />
afterwards. Key aspects for us are digitisation, automatic data extraction <strong>an</strong>d integration with<br />
SharePoint with approval workflows <strong>an</strong>d all of this in a secure <strong>an</strong>d fast way.”<br />
And he adds: “Furthermore we w<strong>an</strong>t to extract all container numbers from the <strong>invoice</strong>s, besides the<br />
normal data, this makes tracking of those containers much easier. Also, because of the mobility of<br />
our staff, the approval process has to enable remote access. Finally, we w<strong>an</strong>t the solution to be<br />
centralised, unifying the different payment processes from all Gemini offices around the world.”<br />
1 IDR (Intelligent Document Recognition): automatic recognition of the content of structured (forms) or nonstructured<br />
documents (incoming post, <strong>invoice</strong>s etc.)<br />
2 <strong>ECM</strong> (Enterprise Content M<strong>an</strong>agement): acronym for the technologies relating to electronic content<br />
m<strong>an</strong>agement.<br />
3 Optimized IT infrastructure: “best-in-class” architecture for servers <strong>an</strong>d digital storage, including<br />
consolidation <strong>an</strong>d virtualization
I.R.I.S. proposed to deploy a fully-integrated solution based on I.R.I.S. technologies: <strong>IRIS</strong>Powersc<strong>an</strong><br />
for digitization of paper <strong>invoice</strong>s, <strong>an</strong>d <strong>IRIS</strong>Xtract for Documents for data extraction, control <strong>an</strong>d<br />
validation.<br />
The project includes pl<strong>an</strong>ning, execution <strong>an</strong>d control of the different functional <strong>an</strong>d org<strong>an</strong>isational<br />
perform<strong>an</strong>ces. A number of m<strong>an</strong>agement processes were identified as key to success, including the<br />
<strong>an</strong>alysis of the existing system architecture, development of the new solution <strong>an</strong>d data migration,<br />
training of the Gemini staff, etc.<br />
Tom Denhaene, Country M<strong>an</strong>ager at I.R.I.S. <strong>ECM</strong> in Belgium says: “This is <strong>an</strong> exciting project for us as<br />
it shows our capability to respond to the needs of International Trading comp<strong>an</strong>ies because we<br />
underst<strong>an</strong>d their business. It also demonstrates that the <strong>invoice</strong> <strong>processing</strong> solutions c<strong>an</strong> improve<br />
signific<strong>an</strong>tly the business efficiency of org<strong>an</strong>izations with decentralized locations.”<br />
About I.R.I.S.<br />
The mission of I.R.I.S. to increase the productivity <strong>an</strong>d know-how of its clients by helping them<br />
better m<strong>an</strong>age their documents, data <strong>an</strong>d information.<br />
I.R.I.S. Products & Technologies develop technologies <strong>an</strong>d products within the field of Intelligent<br />
Document Recognition <strong>an</strong>d commercialize the product portfolio worldwide through strong<br />
partnerships.<br />
I.R.I.S. Professional Solutions offer comp<strong>an</strong>ies <strong>an</strong>d governments the ch<strong>an</strong>ce of finding in one single<br />
comp<strong>an</strong>y innovating know-how <strong>an</strong>d cutting-edge technology for the effective m<strong>an</strong>agement of their<br />
documents, data flows <strong>an</strong>d information infrastructure.<br />
I.R.I.S. employs more th<strong>an</strong> 600 people, spread over br<strong>an</strong>ches in Louvain-la-Neuve, Vilvoorde <strong>an</strong>d<br />
Antwerp (Belgium), Orly (Fr<strong>an</strong>ce), Windhof (Luxembourg), Amstelveen <strong>an</strong>d Maastricht (Netherl<strong>an</strong>ds),<br />
Aachen (Germ<strong>an</strong>y), Delray Beach (Florida, United States), Hong Kong (China), Oslo (Norway) <strong>an</strong>d<br />
Copenhagen (Denmark).<br />
For more information, please visit www.iriscorporate.com – www.ecm.irislink.com<br />
Press contact:<br />
Frederik Welslau<br />
Marketing & Communications M<strong>an</strong>ager <strong>ECM</strong><br />
I.R.I.S. Europe Headquarters<br />
Tel.: +32 (0) 10 832 409<br />
frederik.welslau@iriscorporate.com