Microsystems Technology?s automated invoice processing software, AnyForm Technology, has been awarded ?Product of the Year? for 2001 by Transform Magazine.
AnyForm Technology is based on Microsystems? flagship software OCR for Forms?. This is the fourth time Microsystems? OCR for Forms software has received the Product of the Year award.
To be considered for this award, a product must solve real-world business problems with long-term strategic advantages and have unique and innovative technology qualities not seen before.
AnyForm is packed with business logic, search algorithms, keywords and lookups to decipher document types and extract data without requiring a template for each and every document. Once users configure the system and fine-tune the results, AnyForm runs virtually without human intervention.
Transform Magazine states, ?this technology not only applies to specific applications such as invoices, true to its name it may become the basis for future, template-free forms processing systems.?
?We?ve always known AnyForm Technology was the industry-leading invoice processing software, so it's an honor to be recognized with such a prestigious award," said Charles W. Jackson, president and CEO of Microsystems Technology.
AnyForm Technology extracts data from virtually any invoice. The software is also ideal for processing so-called ?formless? forms such as faxes, mortgage bills, title applications and vehicle registrations, etc. To find the correct data, AnyForm uses keywords, filters, retainers, specific terminology and the unique topography of the form. AnyForm applies logic to recognize various data formats (e.g., 11-14-98 and Nov. 14th 1998 are recognized as identical) and reports the data in a consistent format for databases.
Microsystems Technology is a pioneer in automating the process to extract data from forms, whether machine print, handprint, one- or two-dimensional bar codes or check boxes. Microsystems offers a full suite of information-capture solutions from form design to document storage and retrieval with its products OCR for Forms?, AnyForm Technology, Uni-Form? and Information Broker?. Microsystems also offers specific vertical solutions for the accounts payable and healthcare market. Microsystems Technology has thousands of customers and tens of thousands of licenses on six continents. For more information on Microsystems Technology's complete line of software, visit the company's web site at http://www.mti-info.com.
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