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CPTV Captiva Software (MM)

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Share Name Share Symbol Market Type
Captiva Software (MM) NASDAQ:CPTV NASDAQ Common Stock
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Novartis UK Selects Captiva's InputAccel for Invoices; Company to Streamline Invoice Processing, Speed Payments to Suppliers

14/06/2005 12:30pm

Business Wire


Captiva (NASDAQ:CPTV)
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Captiva Software Corporation (NASDAQ:CPTV), a leading provider of input management solutions, today announced that Novartis UK, the British affiliate of Novartis AG, a world leader in the research and development of products to protect and improve health and well being, has selected Captiva's InputAccel for Invoices(TM) to capture and process invoices more efficiently and speed payment to suppliers. InputAccel for Invoices' intelligent document recognition and line-item capture capabilities enable Novartis to accurately and efficiently process its often complex invoices without the need to create templates for each supplier. After capturing the pertinent data, InputAccel for Invoices exports invoice information and images into the company's SAP financial system for streamlined processing, storage and retrieval. Novartis selected InputAccel for Invoices in part because of its SAP certification, ensuring seamless integration with the company's legacy accounting system. In addition, Novartis chose the solution because it is built on InputAccel(R), Captiva's award-winning document capture software, which Novartis is considering for use in other departments throughout the company to capture clinical trial, customer service and human resources documents. "Novartis desired an automated invoice capture solution that is flexible enough to grow with the company's future needs," said Daniel Vaniche, Captiva's Vice President of Field Sales and Operations in Europe, Middle East and Africa (EMEA). "We're pleased to provide a solution that not only meets Novartis' current needs, but is also scalable enough to meet the company's future needs as it expands document capture to its other business units." Built on InputAccel and utilizing capabilities from FormWare(R), InputAccel for Invoices enables companies to process invoices more efficiently and accurately, reduce turnaround times for payment, take advantage of early payment discounts and to easily access captured invoice images and electronic data. About Novartis UK Novartis UK is the British affiliate of Novartis AG. Headquartered in Basel, Switzerland, Novartis AG is a world leader in pharmaceuticals and consumer health. Last year, the Group's businesses achieved sales of $28.2 billion (US), net income of $5.8 billion (US) and invested approximately $4.2 billion (US) in research and development. Novartis Group companies employ more than 80,000 people and operate in over 140 countries around the world. Further information about Novartis UK is available at www.novartis.co.uk. About Captiva Software Corporation Captiva Software Corporation (NASDAQ:CPTV) is a leading provider of input management software solutions. Since 1989, the company's award-winning products have been used to manage business critical information from paper, faxed and scanned forms and documents, Internet forms and XML data streams into the enterprise in a more accurate, timely and cost-effective manner. These products automate the processing of billions of forms and documents annually, converting their contents into information that is usable in database, document, content and other information management systems. Captiva's technology serves thousands of users in insurance, financial services, government, business process outsourcing, direct marketing and other markets. For more information, visit www.captivasoftware.com. InputAccel for Invoices is a trademark, and InputAccel and FormWare are registered trademarks of Captiva Software Corporation. All other trademarks or registered trademarks are the property of their respective owners. This press release may contain forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including, among other things, any projections of earnings, revenues (including where the underlying contract has already been signed), or other financial items; any statements of the plans, strategies, and objectives of management for future operations; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief and any statement of assumptions underlying any of the foregoing. The risks, uncertainties and assumptions referred to above include, among other things, performance of contracts by customers and partners; employee management issues; the timely development, production and acceptance of products and services and their feature sets; the challenge of managing asset levels, including inventory; the flow of products into third-party distribution channels; and the difficulty of keeping expense growth at modest levels while increasing revenues. Announcements of contract awards should not be interpreted as reflecting revenue in any particular period and may relate to revenue recorded in prior periods. These and other risks and factors that could cause events or our results to differ from those expressed or implied by such forward-looking statements are described in our most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as well as other subsequent filings with the Securities and Exchange Commission. We assume no obligation and do not intend to update these forward-looking statements.

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