PayStream Advisors' Report on Business Cost Containment and Productivity Enhancement Highlights Imagitek's Prodagio Solutions

HOUSTON--(BUSINESS WIRE)--Imagitek, Ltd., developer of world-class Prodagio™ Software business applications for accounts payable, case management, contracts management and self-service, today announced its inclusion in a PayStream Advisors’ report on the critical need for improved accounts payable management through automation.

“Moving from paper-based practices to automation is key to improving the bottom line, monitoring and managing spending, strengthening working capital, maintaining compliance and building stronger, more effective organizations,” said Sush Koka, Research Director, PayStream Advisors. “Imagitek’s Prodagio A/P is a robust business application that integrates seamlessly with clients’ ERP, capture and content management systems, enabling them to leverage existing investments in technology. We were really impressed with the solution’s ability to provide a centralized view to users.”

Key to this transition is Imaging and Workflow Automation (IWA), which streamlines the manner in which organizations receive, manage and approve invoices. The process is comprised of converting paper invoices to digital images, storing them in a Web-enabled repository for rapid retrieval, thus allowing extraction of data to greatly enhance approval processing.

“Prodagio A/P allows a rapid transition to an efficient, automated payment solution providing very high levels of security, control, and financial visibility,” said Mara Henderson, President, Imagitek, Ltd. “Our method to ensure integrity in the chain of authority and proper validation of invoices, particularly in situations requiring access to financial data distributed across different systems or applications, clearly distinguishes Prodagio A/P as the top off-the-shelf solution for procure-to-pay systems in business and government.”

Prodagio solutions address the entire procure-to-pay spectrum, and are deployed in all major industries and markets. They offer full lifecycle management of invoices from receipt to payment.

PayStream Advisors estimates the current market for Imaging and Workflow Automation at $1.7 billion, with IWA for accounts payable accounting for almost $780 million. PayStream predicts that the market for accounts payable automation solutions will experience rapid growth over the next five years.

The report may be downloaded at http://www.prodagio.com/products/accounts_payable.aspx.

About Imagitek Ltd.

Imagitek, Ltd., an Altran company, is a provider of off-the-shelf business applications that work seamlessly with content management and ERP systems. Imagitek’s flagship Prodagio Software delivers best-in-class applications for accounts payable, case management, contracts management and self-service. Established in 1982, Altran is publicly trade on the Paris Stock Exchange and is recognized as a global leader in innovation consulting with annual revenues exceeding $2.3 billion. For more information, visit www.prodagio.com.

Roher Public Relations
Phillip Bergman, 914-741-2256, ext. 302
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