Brainware and Taulia Partner to Deliver Integrated Accounts Payable and Discount Management Solutions for SAP Customers Worldwide

November 29, 2010 Taulia Corporate

brainwareBrainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, and Taulia, creator of the Taulia Dynamic Payment Platform for optimized dynamic discounting, optimized buyer-supplier collaboration and data analysis in accounts payable, have entered into a partnership to deliver an advanced solution that maximizes the return on investment on accounts payable automation within the SAP market space.“Brainware’s intelligent capture technology is unparalleled in its ability to streamline the accounts payable process, creating opportunities for organizations to focus fewer resources on paying bills while bolstering their bottom lines and optimizing their vendor relationships,” said Markus Ament, Vice President of Products and Solutions at Taulia. “Taulia’s innovative dynamic discounting platform and vendor portal allow for leveraging these efficiency gains financially, saving large buying organizations additional millions annually.”

According to a 2010 PayStream Advisors study, one third of businesses currently aware of dynamic discounting plan to utilize this method within their operations. Furthermore, Aberdeen Group research demonstrates that the lack of visibility into invoices presents the single greatest pressure—cited by 57% of respondents to a 2010 benchmarking study—for improvements in accounts payable.

“Our joint solutions allow users complete visibility into the accounts payable process, giving them the power to manage and allocate cash for maximum financial benefit,” said Colin Kaye, Vice President of Strategic Alliances at Brainware. “Supplementing Taulia’s innovative discount and portal solutions with Brainware’s data extraction agility will introduce new frontiers in financial and operational efficiency for payer and supplier alike.”

ABOUT BRAINWARE, INC.

Brainware, Inc. is an innovative provider of intelligent data capture and enterprise search solutions that help Global 2000 companies eliminate costly manual data entry, rapidly process large volumes of documents and retrieve data from across the enterprise. Its solutions were built from the ground up to manage unstructured data without templates, exact definitions, taxonomies or indexing. Headquartered in Ashburn, Virginia, Brainware maintains global sales and support operations through its North American, U.K. and European offices. Brainware customers include Airbus, Alcon, Alltel (now Verizon Wireless), Amgen, Anadarko, BB&T, British American Tobacco, Continental Airlines, CORT, Gardner Denver, Halliburton, Her Majesty’s Prison Service, Johns Manville, Kimberly-Clark, KPMG, NHS/Steria, Newell Rubbermaid, Phillip Morris International Service Center Europe, Reynolds & Reynolds, Rockwell Automation, Shell, Southern Company, Sun Chemical, The Bank of New York Mellon/SourceNet, TriZetto, and many others.

For more information, please visit www.brainware.com.

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