Ephesoft Transact Selected by Federal Government Agency for Mailroom Application to Classify and Extract Data from over 60 Million Documents Annually
Washington, DC May 23, 2016 – Ephesoft Inc., announced today that it has received a contract from an Agency within the United States Treasury Department to provide its Smart Capture® solution to process over 60 million documents annually. The multi-year contract is valued at over $3 million.
The five-year project was awarded after an extensive proof of concept and project review conducted by the agency to replace a legacy document capture application. The new system, based on Ephesoft Transact, Ephesoft’s advanced capture solution for document classification and data extraction, will be employed by the agency primarily to process “Offers in Compromise” cases, which are negotiated settlements that involve taxpayer correspondence.
The US Treasury Agency selected the Ephesoft solution based on the following criteria: Ephesoft’s open source platform, performance on the Linux operating system, ease of integration with existing technology investments, and overall system throughput and accuracy.
“We are honored to be selected by the Treasury Department for this important project,” said Don Field, Ephesoft’s Chief Executive Officer. “As with our work with the State Department, Defense Agencies and other public sector agencies, we consider their selection of Ephesoft as validation of our focus on, and innovative approach to advanced capture of unstructured content.”
The US Treasury Agency’s extensive evaluation and comparison for the project included reviewing complete taxpayer case files, receiving feedback from case workers and making a final determination based on efficiencies seen in process automation and reduced paper handling. The project is expected to go into production in the next three months.
Ephesoft, Inc. delivers intelligent capture technology on-premise or in a SaaS model that extracts meaning from unstructured content. With a focus on efficiency and reliability, Ephesoft has crafted the next generation of intelligent document capture technology that allows organizations to automate and streamline mailroom processing and other document-based business processes. Ephesoft is headquartered in Laguna Hills, California, with regional offices throughout the US and EMEA. The company is undergoing rapid growth and has customers in over 30 countries. To learn more, please visit http://www.ephesoft.com.
© 2016 Ephesoft. Smart Capture is a registered trademark.
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