Automatic document processing - 50 times faster than manual processing
Bucharest, 8th of May 2008 – EvoSoftware announces the availability on the Romanian market of an innovative software product that automates data collecting, scanning and processing, and makes the whole cycle 50 times more efficient than manual data processing.
Most of the companies involve a significant amount of resources in manually processing information from documents, which leads to a significant decrease of productivity, a high error rate and high costs for maintaining and integrating those resources.
The Fusion product automates data collecting processes, through scanning documents or directly, when forms are being completed electronically.
Formic Fusion is broadly used in almost any industry that needs rapid data processing – both in the public sector (education, healthcare) and in the commercial one (finance, insurance, sales and distribution, utilities). In the healthcare industry, Formic can be used for processing prescriptions, medical balance sheets or complaints. In education, it is used for testing evaluation, students’ registration etc; in local government – renting or pension applications, activity analysis, public access to documents etc.
There are various methods of automatic document processing, each of them requiring a certain technology that delivers different automation levels. Formic guarantees a success rate of 95% in document processing.
EvoSoftware is the unique partner in Romania for Formic, one of the leaders on the European market for digital data processing.
“We’ve used our 15-years experience in developing software solutions and services to individually address the needs of each client. Formic Fusion is famous and used for it’s user-friendliness and increased capabilities , and also because it immediately raises productivity and efficiency of business. It’s important for us to provide such a product, in the whole suite of solutions for business processes efficiency and automation. It saves a lot of resources and also improves the results of data collecting processes. Formic guarantees scale economies in document processing”, declared a Formic representative.
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About Formic
Formic is one of the top 5 software vendors on the European data collection market, and part of the Stockford Group formed of more than 40 top companies in the US and UK and owned by Sir Peter Michael CBE.
With more than 600 customers and over 2000 installations worldwide, Formic understands the challenges of automatic data processing and successfully addresses the needs in the field.
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