TDX Group formed ?The Insolvency Exchange? (TIX) 17 months ago and, with BancTec supplying the Mailroom processing systems and services, is now providing a full end-to-end insolvency management platform that processes Individual Voluntary Arrangement (IVA) proposals on behalf of creditors, analytically decides which proposals to accept, optimises the lifetime return and manages each IVA through the 5 year term of the arrangement.

BancTec’s experience in mailroom business process outsourcing (BPO) in the financial sector and ability to automate and streamline document and labour intensive transactional processes, brings the latest technologies and a business process infrastructure capable of efficiently processing all IVA cases and debtor payments. This significantly reduces the time taken for all IVAs handled through TIX, ensuring each IVA is properly considered.

Says Carol Hine, Head of TIX Operations, ?By employing BancTec’s payment and document processing competences, which greatly improves our processing timelines, TDX Group is left to focus on its own core competences of analytics-based debt management.?

Processing IVA proposals is labour-intensive as they tend to be non-standard, with pertinent information scattered throughout the document. Without appropriate management systems this can lead to duplication, delays, and lost paperwork. ?However?, says Carol Hine, ?outsourcing has dramatically improved the average time for each proposal to be appropriately processed. One of our clients is now seeing savings of between 10% – 20% of the total value of debt being written off. The total of debt write-offs in 2006 was over €10 billion (?8 billion) and the TIX programme is leading to some considerable savings for a major High Street bank.?

?TIX offers a ?win-win? situation to all parties?, Carol Hine comments. ?By using advanced analytics and technology to ensure all of the circumstances of the debtor are considered appropriately, our service enables improved validation that an IVA is the most appropriate solution for the debtor. This ensures that clients’ shareholders interests are well considered and its customers get the best impartial advice from Insolvency Practitioners and are not ushered into insolvency without understanding its full implications.?

The outsource service was launched within 6 weeks of the contract agreement between TDX Group and BancTec and, within the first 2 months, TIX had managed over 4,800 IVA proposals through the new service. In addition, the IVA data became more accurate and reliable enabling TIX to provide stronger analytics to perform a higher standard of accurate voting for its creditor clients.

The process itself is now a highly intelligent and flexible service. Each pack has to be analysed by specially trained operators to extract the necessary data required for each voting application. Technology also plays its part with BancTec providing the back end processing infrastructure and TDX Group providing the front end voting analysis and managing the decisioning and voting activities for the creditor meetings. The technology used includes a highly tailored analysis software application, a specialist high volume scanning system, a state of the art workflow solution developed specifically for the TIX platform and a hosted archive providing immediate, secure access to all proposals for TDX Group staff to analyse.

TIX, assisted by BancTec are now working with the major practitioners and the Insolvency Service to formulate common standards to apply across the IVA process throughout the industry. The TIX platform now handles approximately 80% of all IVAs completed within the UK. Many new customers have come on-board the TIX platform to share similar benefits including some of the largest creditor organisations in the country.

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About BancTec
BancTec helps clients around the world simplify the process of managing their information. Founded in 1972, the company provides a wide range of solutions for automating complex, high-volume and data-intensive business processes for clients in the financial services, healthcare, manufacturing, government, services and utilities industries. BancTec’s offerings include business solutions, business process outsourcing, and infrastructure services. With headquarters in Dallas, BancTec is privately owned and serves clients in 50 countries. For more information on how BancTec can help you optimize information management, see contact details below.

Contact:

James Silcock
BancTec Ltd
Tel: +44 (0)1753 778888
james.silcock@banctec.co.uk

IntelliScan SDS has one of the smallest footprints of open track scanners in the market, which makes it the perfect scanning system for mid-volume and/or distributed environments. Featuring many of the same benefits that have made the IntelliScan® XDS a leader in the industry, the IntelliScan SDS delivers rapid performance for multi-purpose page scanning applications in either centralized or distributed environments. The IntelliScan SDS operates at speeds up to 200 pages per minute (ppm) and supports optical resolution of 300 dpi.

Mark Fairchild, senior vice president and chief technology officer for BancTec, said, ?The IntelliScan SDS is an important addition to our information processing platform. It has many of the same productivity- and efficiency-generating features for which our IntelliScan XDS has become known, and is a smaller, cost-effective entry point for customers still needing a high-volume production scanner. We believe there is no other scanner on the market that has all of the features of IntelliScan SDS at the same price point. With its completely open, flat track design, advanced 500-page document feeder, and ease in error recovery, IntelliScan SDS will help organizations process more documents faster and at a higher resolution, delivering an exceptional return on investment.?

Mark Schneider, director of business solutions for CRI Solutions, added, ?The IntelliScan SDS creates a significant new opportunity for BancTec to serve customers who want to leverage the company’s longtime expertise in document processing, but who have lower volume requirements or a distributed environment that is tight on space. IntelliScan SDS is a perfect complement to the rest of the IntelliScan solution suite, and will help serve a wide variety of business processes, including healthcare claims, mortgage loan applications, credit card processing, order fulfillment and more.?

Key features of IntelliScan SDS include:

• A completely open, flat track that handles mixed document processing for sizes up to 12?x14?


• Document skew detection and correction


• Advanced 500-page document feeder


• Image capture of color, bitonal and grayscale in a single pass


• Real-time OCR recognition technology


• 1D and 2D barcode recognition


• Pre- and post-scan ink jet imprinting


• Double-feed detection


• Easy hand-feed access for quick error recovery


• JPEG 2000 image output


• Configurations with one or two document sorting pockets

Paired with BancTec’s IntelliScan® USC (Universal Scanner Control) software, the IntelliScan SDS creates an extremely easy-to-use, flexible high-speed document scanning and processing solution. The system’s open environment also makes it compatible with other capture software.

Planned for general availability by June 2008, the IntelliScan SDS is priced at $83,000 in a typical configuration. The IntelliScan SDS has been designed to meet the European Union RoHS directive.

About BancTec
BancTec helps clients around the world simplify the process of managing their information. Founded in 1972, the company provides a wide range of solutions for automating complex, high-volume and data-intensive business processes for clients in the financial services, healthcare, manufacturing, government, services and utilities industries. BancTec’s offerings include business solutions, business process outsourcing, and infrastructure services. With headquarters in Dallas, BancTec is privately owned and serves clients in 50 countries. For more information on how BancTec can help you optimize information management, see contact details below.

Contact:

James Silcock
BancTec Ltd
Tel: +44 (0)1753 778888
james.silcock@banctec.co.uk

The eFIRST Origin solution will enable Bank of Scotland International to optimize the performance of its multi-currency mortgage application processing operations, as well as significantly decrease the time it takes to process mortgage applications. The implementation of eFIRST Origin provides Bank of Scotland International with a fully integrated web-based solution that will manage applications for offshore mortgage products, from customer enquiry all the way to completion and drawdown.

James Gairdner, Managing Director, Bank of Scotland International said, ?We look forward to working closely with BancTec to ensure customers continue to receive the high quality service they have come to expect from Bank of Scotland International.?

James Silcock, Business Development Director – EMEA at BancTec said, ?We are pleased to have been selected by Bank of Scotland International to provide their next-generation mortgage system. This will be the first time eFIRST Origin will be used within a multi-currency loans environment, and we are looking forward to working closely with Bank of Scotland International to ensure all mortgage illustrations will be accurately generated, controlled and documented as part of their rigorous approach to compliance.?

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About Bank of Scotland International:

Bank of Scotland International offers a range of services to suit the needs of customers all over the globe. This includes everything from offshore banking and savings accounts, offshore mortgages and financial planning.
For further information please visit: www.bankofscotland-international.co.uk or call 01534 848500.

About BancTec
BancTec helps clients around the world simplify the process of managing their information. Founded in 1972, the company provides a wide range of solutions for automating complex, high-volume and data-intensive business processes for clients in the financial services, healthcare, manufacturing, government, services and utilities industries. BancTec’s offerings include business solutions, business process outsourcing, and infrastructure services. With headquarters in Dallas, BancTec is privately owned and serves clients in 50 countries. For more information on how BancTec can help you optimize information management, see contact details below.

Contact:

James Silcock
BancTec Ltd
Tel: +44 (0)1753 778888
james.silcock@banctec.co.uk

Extend Accounting used AP Master and eCap from BancTec to automate invoice processing. […]

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?We are excited that eXtend has successfully launched the first accounts payable automation solution under this partnership,? said Jerry Brown, vice president, Worldwide Alliances, BancTec. ?This project should serve as a springboard to many other successful engagements in which eXtend uses our solutions as the technical backbone for services it delivers to its clients.?
eXtend, a full-service accounting outsourcing provider, has provided back office accounting functions for PRC for more than five years. After an assessment of PRC’s accounts payable operation, eXtend determined that the automation capabilities provided by its eXtend AP service could enhance PRC’s accounting functionality, primarily by making its business processes more seamless and freeing up PRC management to focus on more value-added business objectives.

Achieving PRC’s objectives was made possible through eXtend’s agreement to leverage BancTec’s AP Master solution. By automating the entire AP process, BancTec’s AP Master solution enables PRC to improve accuracy rates, speed up invoice authorisation and reduce process cycle times, thus eliminating many of the costs associated with manual invoice handling. Other capabilities built into BancTec’s AP Master solution, such as electronic routing, notifications and escalations, also streamline PRC’s approval process and help increase overall efficiency of its AP operations.

?eXtend is pleased to be the first BancTec partner in the U.S. to go live with this joint offering,? said Keri Bittner, managing director, eXtend Accounting and Business Solutions. ?We look forward to leveraging our partnership to serve other industries with a truly best-practice accounts payable automation solution.?

BancTec will feature its AP Master® accounts payable automation solution at the show. The AP Master solution provides comprehensive, fully automated, out-of-the-box functionality for electronic processing of supplier invoices. Combining a variety of sophisticated management tools that improve the invoice management process from receipt to payment, the AP Master solution is easily integrated with existing accounting and procurement systems. BancTec’s AP Master solution also offers the flexibility of being run as an internal application, or as a fully outsourced business process, either of which will save time, manpower and money.

For banks that offer value-added services to healthcare providers, BancTec will demonstrate RemitCycle 360, a HIPAA-compliant revenue management solution that automates and unifies the administrative and financial events between providers, payers and banks. This comprehensive information exchange platform enables providers to greatly improve claims processing and posting efficiency, thus reducing administrative costs, shortening cycle times and minimising write-offs.

In order to address the needs of organizations seeking to enhance how they perform critical functions, BancTec will also showcase its industry-leading business process management (BPM) capabilities. A powerful suite of tools that enables the rapid development, deployment and management of scalable process management solutions for the enterprise, BancTec’s eFIRST Process is particularly suited to large, high transaction business environments.

Finally, BancTec will illustrate how it helps organisations manage the paper component of their business processes through its IntelliScan® solution, a next-generation document processing suite that has set new industry benchmarks for speed and resolution. Forming the core of the IntelliScan solution set are IntelliScan® XDS (eXtreme Document Scanner) and IntelliScan® USC (Universal Scanner Control). IntelliScan XDS is a multi-application, high-speed, mixed document scanner that offers image-capturing capabilities up to 600 dpi optical resolution and burst mode speeds up to 550 pages per minute. IntelliScan USC is a fully integrated capture and transport control application that enables real-time identification and processing of documents by type.

?BancTec’s robust and flexible business solutions can handle most any requirement, from process management to document scanning,? said Michael D. Fallin, senior vice president and president, Americas and emerging markets, for BancTec. ?The AFP Annual Conference will provide us with a great opportunity to showcase for thousands of corporate treasury and financial management professionals how BancTec is working with some of the world’s largest organisations to enhance their operations and make real, bottom-line improvements in their internal costs.?

The Systems Delivery Manager is responsible for the management and financial control of the entire system delivery process for all contracts awarded to BancTec BV.

Resource planning and cost control are important elements of this position which has P&L responsibilities. The candidate will be expected to have a firm grasp of both management accounting and project accounting. A good working knowledge of the software development and project delivery process is also a firm requirement.

The candidate will be required to be involved in the review and input to Contracts with clients and suppliers. Client contact is a part of this role on an occasional basis.

The candidate must provide demonstrable leadership skills to ensure staff are highly motivated through continual mentoring, training and recruitment. Ensuring that staff conform to project delivery methodologies is essential to ensure a good and consistent quality for project deliverables. This is a challenging position that demands a high level of commitment and motivation.

The candidate will report directly to the country manager of BancTec BV.

CipherLab, a leading manufacturer of Automated Identification and Data Capture (AIDC) hardware, has appointed BancTec, one of the UK’s largest distributors of mobile data capture devices, as a new distribution partner.

CipherLab’s range of handheld data capture terminals will be added to BancTec’s portfolio of Auto ID solutions currently available through its nationwide channel of resellers. The Berkshire-based company’s Auto ID division provides mobile data capture devices and software applications for resellers operating in the retail, manufacturing and warehousing sectors.

Among the products to be added will be the new Windows® CE and Pocket PC-based rugged 9500 mobile computer with its UHF, HF and LF RFID capabilities, large colour display and Bluetooth?, 802.11b and GSM/GPRS wireless networking capacity. Loaded with the multi-platform MCL Rapid Development Tool and an Intel XScale processor, the features and functionality of the 9500 make it the ideal product for BancTec to use as a platform onto which to add its software programs including RFeasyServ.

RFeasyServ allows developers to create powerful RF client-server applications by managing the data flow between the mobile units and the host application via a standard WiFi Connection. Designed for the quick and easy creation of RF client-server applications, the software allows for the co-existence of mixed terminals on the same network.

Altaf Sadique, Managing Director of CipherLab UK comments: ?This partnership marks a huge milestone in our development. BancTec’s range of Auto ID data management software applications for the reseller community and the end user has an excellent reputation. Partnering with the company enables CipherLab to reach BancTec’s customer base in our key industries from retail to logistics and I am delighted to embark on this mutually beneficial partnership.?

Mark Worrall, Customer Services Director at BancTec believes that the strategic partnership is an excellent move. He comments: “Our new partnership with CipherLab provides an exceptional opportunity to work with a market leader and extends the availability of robust mobility devices and proven application solutions to our UK customer base. BancTec will be able to provide the CipherLab range of handheld data capture terminals coupled with our software development capability. This will enable us to add significant value to the Cipherlab products by providing a variety of Auto ID solutions that reduce operational costs and streamline business processes for our clients.?

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About CipherLab

CipherLab is a global leader in the design, manufacture and marketing of AIDC (Automatic Identification and Data Capture/Collection) products and systems. The company’s mobile computers and scanners are integrated into the networks of some of the world’s best known logistics, retail, distribution, government installations and healthcare companies, helping them run more efficiently and effectively onsite and on the road. Headquartered in Taipei, Taiwan with North American offices in Plano, TX and operations in EMEA, the Americas, Asia Pacific and China, CipherLab is publicly traded on the Taiwan stock exchange (Taiwan OTC: 6160).

About BancTec

BancTec is a global business process outsourcing, applications and services company delivering high volume, mission-critical solutions to automate and streamline data and transactional business processes. Founded over 30 years ago, BancTec strives to improve customer operations, enhance productivity and reduce operating costs within the supply chain and retail channel. The company represents some of the most prominent manufacturers of Auto ID products in the UK and its range of value added solutions provides its clients with significant benefits in managing, tracking and streamlining logistical and retail operations. The company has over 3,000 employees serving over 5,000 customers in 50 countries around the world.

Imaging Business Machines, LLC (IBML) and BancTec are announcing the settlement and resolution of litigation originally filed in 2004. The case had been awaiting trial in U.S. District Court.

?Litigation is never the preferred path. We are pleased to have this matter behind us and look forward to focusing our efforts on delivery of our state-of-the-art products, services and solutions to the marketplace,? said Derrick Murphy, chief executive officer and president, IBML.

?We appreciate the efforts of the executives from both companies in bringing this litigation to closure,? said J. Coley Clark, chairman and chief executive officer, BancTec. ?Final resolution enables us to more fully devote our attention to the exciting opportunities we foresee for BancTec.?

By agreement, IBML, BancTec and their counsel will have no further comment on the litigation or the terms of the settlement agreement.

About BancTec

BancTec helps clients around the world simplify the process of managing their information. Founded in 1972, the company provides a wide range of solutions for automating complex, high-volume and data-intensive business processes for clients in the financial services, healthcare, manufacturing, government, services and utilities industries. BancTec’s offerings include business solutions, business process outsourcing, and infrastructure services. With headquarters in Dallas, BancTec is privately owned and serves clients in 50 countries.

BancTec, Inc., a leading global provider of payment processing, document and content processing and information technology services, announced today that it has completed a recapitalization of the company. The private placement of 46,575,000 shares of common stock will strengthen BancTec’s financial position and enhance its ability to invest in and pursue strategic growth opportunities.

BancTec intends to use the net proceeds of approximately $345,000,000 from the stock sale to prepay all principal and interest on its outstanding senior notes and its sponsor note, as well as to purchase or redeem all outstanding capital stock of the company. The remainder of the amounts received will be used to reduce borrowings under its existing revolving credit facility, and to otherwise fund working capital and general corporate operations.

?Today is an exciting turning point for BancTec. As a result of this transaction, our long-term debt has been eliminated and we are now positioned to make the investments necessary to take our business to the next level,? said J. Coley Clark, BancTec Chairman and CEO. ?We have transitioned from a private company with a single major investor to multiple owners, many of which are institutions focused on companies such as BancTec with growth potential in our industry.?

About BancTec

About BancTec BancTec helps clients around the world simplify the process of managing their information. Founded in 1972, the company provides a wide range of solutions for automating complex, high-volume and data-intensive business processes for clients in the financial services, healthcare, manufacturing, government, services and utilities industries. BancTec’s offerings include business solutions, business process outsourcing, and infrastructure services. With headquarters in Dallas, BancTec is privately owned and serves clients in 50 countries.

Contact:

James Silcock
BancTec Ltd Tel: +44 (0)1753 778888
james.silcock@banctec.co.uk