Data Capture Solutions: Fastenal Company Recognized As I-Cubed Award Finalist For Implementation Of The AnyDoc Software Solution For Accounting
AnyDoc Software, one of the leading provider of automated document and data capture solutions, announced recently that their client, Fastenal Company, was selected as a finalist for the Integrated Solutions magazine's I-Cubed Award. The awards were presented at the recent AIIM Expo, on April 17 in Boston, MA.
The I-Cubed award, which stands for Innovate, Integrate and Inspire, honors end-users that have implemented outstanding document and content management technology solutions in their organization. Fastenal was recognized for its implementation of a complete document capture and processing solution for accounting utilizing AnyDocINVOICE and AnyDocREMIT.
Fastenal's implementation of the AnyDoc solution is significant because it automates the two manual processes that can create the largest bottlenecks in an accounting department ¬– the processing of accounts payable (AP) invoices and the processing of accounts receivables (AR) remittances. With the AnyDoc solution in place, the number of valid invoices, checks and remittances being processed has increased 60 percent to 16,000 documents per day, without adding additional staff. Prior to the implementation, Fastenal was manually processing approximately 10,000 documents per day.
Bob Stone, lead developer of accounts payable at Fastenal was in Boston to accept the I-Cubed Finalist award. Stone said, "It's gratifying to receive recognition for our implementation of the AnyDoc solution. Its intelligent integration with our existing PeopleSoft accounting system has allowed us to increase our productivity and data accuracy without adding additional employees, even as our company continues to grow."
About Fastenal
Fastenal is the largest fastener distributor in the United States with more than 2,000 stores in all 50 states, Canada, Mexico, the Dominican Republic, Puerto Rico, Singapore, Europe and China. Headquartered in Winona, MN, Fastenal's 2006 revenue was $1.8B.
About AnyDoc Software
AnyDoc Software offers innovative document and data capture and classification solutions that have been the industry standard since 1991. Thousands of companies worldwide rely on AnyDoc solutions to eliminate millions of hours of manual data entry while improving productivity and accuracy. Any paper form, invoice and document can be automatically processed with full data extraction without the need for manual keying. Clients include: U.S. Airways, Circuit City, BlueCross BlueShield, the U.S. Census, LeasePlan, Zürcher Kantonalbank, MS200 and more. For more information, please visit www.AnyDocSoftware.com.
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