Canada’s Largest Credit Union Replaces Aging Document Capture Solution with EMC Captiva

Canada’s Largest Credit Union Replaces Aging Document Capture
Solution with EMC Captiva

Vancity Combines EMC Captiva and Microsoft SharePoint to Accelerate
Processing Time 50 Per cent

TORONTO – September 1, 2011 – EMC Corporation (NYSE: EMC) today
announced that Vancity, Canada’s largest credit union, is achieving
significant productivity gains – speeding processing time by 50 per
cent – and cost savings since deploying EMC® Captiva®, an
enterprise-class capture solution for automatic classification,
indexing, extraction and routing of business content.

Vancity was founded in 1946, and manages more than $14 billion in
assets for greater than 415,000 members throughout Metro Vancouver,
Fraser Valley, Squamish and Victoria in Canada. Looking to replace its
aging FileNet document management system, Vancity required a capture
solution that complemented Microsoft SharePoint ECM, which is its
repository for content. EMC Captiva was the best solution enabling
Vancity to significantly reduce manual data entry and document
preparation time without adding staff or resources.

Using Captiva, Vancity personnel can scan mixed batches of structured,
semi-structured and unstructured documents within a single flow. By
leveraging automated document recognition technologies, Vancity has been
able to speed up pre-scanning, document preparation times by up to 50
per cent. Additionally, intelligent data extraction has reduced manual
data entry for all documents, even the semi-structured and unstructured
documents. The company processes more than 500,000 documents,
representing more than one million pages annually.

Denise Lau, Manager, Workplace Technologies Inventure Solutions Inc | A
Vancity Company, said, “We saw significant productivity benefits right
away. Over time, the system has enabled us to establish best practices
that have helped raise processing efficiencies across the company. With
EMC’s enterprise-class solution we are achieving levels of operational
efficiency and gaining cost savings with an anticipated return on our
investment within two years.”

“We continue to see a large number of customers update and
consolidate aging capture systems with EMC Captiva. Customers are able
to reduce their operational costs and extend their capture capabilities
throughout their entire organization, while moving capture closer to the
front office to further reduce operating costs and streamline business
processes,” said Paul O’Brien, Vice President of Information Access,
Information Intelligence Group at EMC. “EMC is pleased to work with
Vancity on its enterprise capture environments.”

About EMC Captiva

EMC Captiva intelligent enterprise capture solutions enable
organizations to transform paper from a liability into business
advantage by converting documents into application-ready information.
Captiva consists of: Captiva InputAccel, a highly configurable
enterprise capture solution that captures documents from scanners and
other sources, transforms these documents into business information, and
delivers the images and information to line-of-business and content
management systems. Captiva InputAccel for Invoices turns paper invoices
into digital images, automatically capturing invoice data, validating
it, and delivering it into workflow processes and content management and
Enterprise Resource Planning (ERP) systems. Captiva Dispatcher provides
intelligent document recognition technology that automatically
identifies incoming documents, routes them based on pre-defined business
rules, and extracts business data from a wide variety of document types.
Captiva eInput provides a Web-based, thin-client environment for
scanning, importing, and indexing images and electronic files, enabling
ad hoc and distributed scanning throughout – and beyond – the
enterprise.

About EMC

EMC Corporation is a global leader in enabling businesses and s
ervice
providers to transform their operations and deliver IT as a service.
Fundamental to this transformation is cloud computing. Through
innovative products and services, EMC accelerates the journey to cloud
computing, helping IT departments to store, manage, protect and analyze
their most valuable asset – information – in a more agile, trusted
and cost-efficient way. Additional information about EMC can be found at
www.EMC.com ( http://www.emc.com/ ).

EMC Canada (www.EMC2.ca ( http://www.emc2.ca/ )), headquartered in
Toronto with nine offices from coast to coast, is a wholly owned
subsidiary of EMC Corporation.

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For more information contact:
Mike Martin/Michelle Chang
StrategicAmpersand
416-961-5595
mike@stratamp.com
michelle@stratamp.com