GHX and BancTec Partner to Streamline Accounts Payable Process for Healthcare Providers

    DALLAS and LOUISVILLE, Colo., Aug. 14 /EMWNews/ -- BancTec, a global

provider of advanced, high-volume document and payment processing solutions

and services, and GHX, LLC, which operates the largest electronic trading

exchange and invoicing network in healthcare, have partnered to provide

hospitals with OnDemand AP(TM), an innovative software-as-a-service (SaaS)

solution that speeds the entire invoice-to-payment process.



    With OnDemand AP, hospitals can receive 100 percent of their invoices

electronically, even from suppliers who still submit invoices via fax or

mail -- a significant step forward in automating the healthcare supply

chain. The solution streamlines the complete accounts payable (AP) process,

helping reduce invoice processing costs and cycle time, improve internal

controls and productivity, and optimize cash flow. Customers can leverage

OnDemand AP across the entire AP value chain, including invoice receipt,

document image and data capture, purchase order matching, general ledger

coding, archive and workflow management.



    OnDemand AP meets several of the biggest challenges in the healthcare

supply chain today. Despite advances in automation, a recent survey of

hospitals by PayStream Advisors found that a majority of institutions are

receiving more than 75 percent of their invoices on paper, indicating a

heavy reliance on paper in the healthcare industry. In addition, more than

two-thirds of hospitals offered that they are unable to capture all early

payment discounts due to the volume of discrepancies and exceptions.



    "The timing for the OnDemand AP solution couldn't be better," said

Henry Ijams, managing director of PayStream Advisors, which provides

independent research and automation assessments for financial automation

technology. "While there is a strong demand for invoice solutions that

empower healthcare finance professionals to fix broken AP processes, the

combination of the AP automation services from these two heavyweights is

impressive."



    The offering is the latest innovation for GHX, which enables hospitals

and suppliers to do business electronically. GHX has consistently delivered

significant advances in automating the entire purchasing process. Now, with

the BancTec partnership, GHX increases the value delivered to AP

organizations, making it possible to receive invoices electronically from

all of their suppliers, including those who do not participate in the GHX

exchange.



    "BancTec solutions are already being successfully used by thousands of

companies on a global basis," said Rammi Gill, general manager for GHX

Finance Solutions. "By leveraging the GHX exchange infrastructure and

connectivity, we can easily and efficiently make them available for

healthcare."



    OnDemand AP's SaaS model provides an easy-to-deploy solution that's

immediately ready to use, helping deliver positive ROI within as little as

six months. Hospitals can quickly capture significant cost savings,

including up to a 50 to 75 percent gain in productivity and up to 25

percent less time spent reconciling invoices. In addition, the reduction in

cycle time greatly improves the ability of hospitals to take advantage of

early pay discounts.



    BancTec's accounts payable solution and business process outsourcing

(BPO) services will be integrated into the GHX solution architecture,

providing hospitals with a comprehensive, fully automated, processing

solution.



    "Our customers rely on our solutions to improve internal processes and

reduce costs," said Michael D. Fallin, senior vice president and president,

Americas and Emerging Markets, BancTec. "This partnership will enable

hospitals to receive and manage all of their invoices electronically,

resulting in improved payment accuracy, increased productivity and

shortened invoice processing cycle times."



    In 2007, more than 12 million electronic invoices were transacted via

GHX -- double the 2006 rate and driven primarily by growing awareness of

the value of AP automation in reducing operational cost in healthcare.

    About GHX



    GHX enables healthcare providers and suppliers in North America and

Europe to reduce costs and improve margins by automating processes,

reducing operating expenses and increasing knowledge-based decision making.

Products and services include trading partner connectivity, order and

contract management and validation, data synchronization, sales force

automation and business intelligence. Equity owners of GHX are Abbott

Exchange, Inc.; AmerisourceBergen Corp.; Baxter Healthcare Corp.; B Braun

Medical Inc.; Becton, Dickinson & Co.; Boston Scientific Corp.; Cardinal

Health, Inc.; Covidien; C.R. Bard, Inc.; Fisher Scientific International,

Inc.; GE Healthcare; HCA; Johnson & Johnson Health Care Systems Inc.;

McKesson Corp.; Medtronic USA, Inc.; Owens & Minor; Premier, Inc.; Siemens;

University HealthSystem Consortium; and VHA Inc. For more information,

visit http://www.ghx.com



    About BancTec



    BancTec helps clients around the world simplify the process of managing

their information. Founded in 1972, the company provides a wide range of

solutions for automating complex, high-volume and data-intensive business

processes for clients in the financial services, healthcare, manufacturing,

government, services and utilities industries. BancTec's offerings include

business solutions, business process outsourcing, and infrastructure

services. The company's AP Master(TM) solution, which is powered by

Contempus, provides advanced AP automation and processing capabilities.

With headquarters in Dallas, BancTec serves clients in 50 countries. For

more information on how BancTec can help you optimize information

management, visit http://www.banctec.com or call 1-800-BANCTEC.



    Forward-Looking Statements All statements in this press release that do

not directly and exclusively relate to historical facts are

"forward-looking statements" describing BancTec's objectives, targets,

plans, strategies, costs, anticipated capital expenditures and expected

cost savings. These statements represent BancTec's intentions, plans,

expectations and beliefs, and are subject to risks, uncertainties and other

factors, many of which are outside the Company's control. These factors

could cause actual results to differ materially from such forward-looking

statements. For a written description of these factors, see the section

titled "Risk Factors" in the Company's Registration Statement on Form S-1,

as amended, initially filed with the Securities and Exchange Commission on

August 8, 2007. The Company disclaims any intention or obligation to update

these forward-looking statements whether as a result of subsequent events

or otherwise except as required by law.