Safety-Kleen Selects BancTec for Accounts Payable Solution

Leading Waste Management Company Outsources Invoice Processing to BancTec to Reduce Cost Per Invoice

12.11.2006 — Dallas, TX

BancTec, a leading global provider of document and payment processing solutions, announced today that it has entered a multi-year agreement to provide outsourced accounts payable (AP) services for Safety-Kleen, a North American leader in waste management.

The Business Process Outsourcing (BPO) services performed by BancTec will include the extraction, preparation and scanning of the invoices, as well as the indexing of the images in Safety-Kleen’s AP system.

Safety-Kleen executives expect the outsourcing agreement to significantly reduce the company’s cost per invoice. “BancTec is committed to helping us create the most effective, cost-efficient AP solution for our specific requirements,” said Jeff Robertson, Safety-Kleen senior vice president. “BancTec’s BPO service offering allowed Safety-Kleen to benefit from BancTec’s leading edge technology on a per transaction basis, allowing us to see a true ROI immediately” said Wayne Flake, Safety-Kleen vice president of IT Applications. “In selecting BancTec for this important role, we were particularly impressed by the fact that BancTec brought forth a true end-to-end solution. BancTec manufactures its own hardware, develops its own software, and performs its own service.”

“We are delighted to begin this engagement with Safety-Kleen,” said Jeff Brown, vice president of business process outsourcing in the Americas for BancTec. “The cost to process paper invoices is high in terms of manual activity required at every stage, high potential for mistakes, missed discounts and late-payment penalties. BancTec’s AP solutions and services enable companies like Safety-Kleen—which handle large invoice volumes—to increase cost-efficiency, simplify regulatory compliance, and improve overall financial management.”

BancTec offers BPO services for a wide variety of business applications, including document imaging and archive, correspondence, application forms, invoices, mobile capture, and remittance. BancTec’s BPO services are delivered through a common technology platform that makes it easy for customers to add additional services. BancTec operates outsourcing service centers in Totowa, N.J.; Chicago, IL; Charlotte, N.C.; Dallas, TX; Berkshire, United Kingdom; Essex, United Kingdom; Middlesex, United Kingdom; Dublin, Ireland; Tallin, Estonia; Utrecht, Netherlands; and Bielefeld, Germany.

Contact:

1-800-BancTec
inquires@banctec.com