Ephesoft completes sale to leading financial services firm

Leading insurance firm selects Ephesoft to automate mailroom for insurance documents.

Ephesoft Inc., the leader in providing advanced cloud-ready capture solutions, today announced the sale of an enterprise class system to one of the top life insurance, annuity, and retirement savings firms in the US. The sale followed an exhaustive proof-of-concept exercise in which Ephesoft bested several competitors.

The insurer has $50B in assets, over 3000 employees, and 50 offices throughout the country. The company deals with many incoming documents and needed specific processing for certain forms. Specifically, the primary objective was to isolate client application forms from millions of different pages and then automatically redact confidential information on the applications. The seamless process speeds the delivery of documents for further processing while lowering labor costs. The solution accommodates emails with attachments through the same process as scanned documents. A custom redaction feature was developed by Ephesoft to shield confidential data. The customer selected Ephesoft for its architecture, scalability, and cost effectiveness. The solution is 100% browser-based and provides for load balancing, high availability, and disaster recovery.

The sale was orchestrated by Twinstar Inc. in Westminster, Colorado. Twinstar is a Platinum Ephesoft partner and very active throughout the Rockies. Gail Gaumond, VP of Sales and Marketing, saw the value of Ephesoft for her customers and commented “Our customers are more discriminating than in the past. They want true value for their money while still insisting on high quality software. We saw that Ephesoft was a perfect fit here and this successful project reinforced our sales efforts with Ephesoft.”

Don Field, CEO of Ephesoft, commented “This sale further solidifies Ephesoft’s position in the insurance sector of the financial services vertical. As this industry tightens its belt and examines its ongoing costs, we feel our business model and state-of-the-art software are well positioned to win new business.”

About Ephesoft: Ephesoft, Inc., based in Irvine, CA, has developed an intelligent document capture system designed to improve the automation of ‘electronic mailroom’ processes through classifying, sorting and separating incoming documents, and extracting pertinent information from these business documents for distribution and processing. Our mission is to have this technology available to enterprises of all sizes and enable them to process business documents efficiently and effectively in an integrated fashion. To learn more about Ephesoft, visit: http://www.ephesoft.com.

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