Stellar wins accounts payable automation deal with Australian Red Cross Blood Service
Released on = April 22, 2007, 5:46 pm
Press Release Author = Stellar
Industry = Financial
Press Release Summary = Stellar, a leading business process outsourcing provider, today announced that the Australian Red Cross Blood Service (ARCBS) has appointed Stellar Business Process Solutions to implement an automated data capture technology solution to support their invoice processing requirements.
Press Release Body = SYDNEY, Australia - Stellar, a leading business process outsourcing provider, today announced that the Australian Red Cross Blood Service (ARCBS) has appointed Stellar Business Process Solutions to implement an automated data capture technology solution to support their invoice processing requirements.
Stellar's solution includes the latest version of Ascent Capture, which delivers powerful production-level document and data capture capabilities. Ascent Capture enables Barcode recognition, Optical Character Recognition (OCR) for machine print, Intelligent Character Recognition (ICR) for handwriting and Optical Mark Recognition (OMR) for check marks.
Ascent Xtrata Professional, a sophisticated add-on module for Ascent Capture, is also part of the solution, and is designed to automate the reading of semi-structured documents, such as invoices. This will dramatically reduce the need to perform any manual indexing. Stellar's total solution also includes high-volume scanning hardware.
"We are delighted to have the opportunity to implement a solution that will reduce costs and increase processing efficiency for this valued not-for-profit client" said Geoff Charters, Chief Executive Officer of Stellar Business Process Solutions. "This new agreement marks the beginning of another successful long-term relationship for Stellar, and adds to the portfolio of technology and outsourcing solutions we have delivered".
Recent results for other high-profile clients have been extremely impressive, with one major client slashing their invoice processing time down from 2 days to 15 minutes and cutting their end-of-month reporting from 10 days to 2 days after implementing Stellar's Purchase-to-Pay automation solution. Many other clients have found that they can reduce the cost to process documents by up to 60% or more through the implementation of Stellar's fileWiseŽ system.
Stellar Business Process Solutions, a pioneer in the field of document management and workflow automation, combines advanced technology and labour management expertise to automate manually intensive processes and significantly reduce operational costs.
By offering a unique transactional pricing approach for both their in-house technology implementations and their fully outsourced shared services solutions, Stellar eliminates the need for companies to make large upfront capital investments. This results in an immediate return on investment, rather than having to wait months or years.
ENDS
About Australian Red Cross Blood Services (ARCBS) The ARCBS plays a significant role in the quality and safety of the Australian health system. The vision of the ARCBS is to share life's best gift by the provision of quality blood products, tissues and related services for the benefit of the community. Every year, thousands of people benefit from blood transfusions or blood products, resulting in many lives being saved and a significant improvement in the quality of life of others. The ARCBS is funded jointly by the governments of Australia. It is an operating division of the Australian Red Cross Society, part of the International Federation of Red Cross and Red Crescent Societies (IFRCS), and adheres to the international humanitarian principles of the IFRCS. For more information, visit www.donateblood.com.au
About Stellar Stellar is a leading global business process outsourcing provider, with over 6,000 employees across 19 outsourcing centres in Australia, Philippines, UK and North America. In addition to contact centre outsourcing, Stellar also specialises in document management, workflow automation technology and outsourcing solutions under the name Stellar Business Process Solutions. The company serves a range of clients in the telecommunications, utilities, transport, finance, government and manufacturing industries. For more information about Stellar Business Process Solutions, visit www.stellarbps.com
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