|
Workflow, archiving and storage system expected to save firm $750,000
IRVINE, Calif. –August 23, 2005 – iDocs Technologies, a leading provider of document management and workflow software specializing in the legal market, today announced that it has been selected by Ford, Walker, Haggerty & Behar, LLP to help manage document costs and improve service times to clients. Ford, Walker, Haggerty & Behar is a leading law firm with 45 attorneys serving Los Angeles and Orange Counties.
iDocs’ strategy entails designing a complete, enterprise-wide document management solution, including workflow management, imaging and archiving, disaster recovery, and operating systems upgrades to improve the firm’s document production processes and reduce storage costs.
iDocs customizes each opportunity applying a “systems approach,” which seeks to understand the client’s business and all facets related to electronic document management.
For example, faxes can be delivered directly to desktop computers, hard copy files are easily digitized and archived, and documents can be automatically directed around the office to streamline workflow. In addition, law firms can capture fax charges and pass them along to clients. iDOCS estimates that Ford, Walker, Haggerty & Behar could see savings as high as $500,000 in printing and operational costs, and up to $250,000 in off-site storage costs over a five period.
“Prior to working with iDocs, we had multiple leases with multiple vendors, even several maintenance agreements on a single machine. Our costs were too high and just maintaining all of that equipment from so many different vendors was very difficult to control,” said Jon Hawkins, director of finance at Ford, Walker, Haggerty & Behar. “iDocs helped us find a collection of products that automates the entire lifecycle of a document, all bundled in one package from one vendor. They provided a complete enterprise solution, much broader in scope than what we received from others.”
“We’re able to provide one-stop-shopping for our clients, and law firms like Ford, Walker, Haggerty & Behar can implement a comprehensive document solution and know exactly what their monthly cost will be from the outset,” said Frank Mendicina, president of iDocs. “With a lease options from Key Equipment Finance, the cost of the entire solution – hardware, software, networking, service, and even training can be bundled into one convenient package with one low monthly payment, which is an enormous advantage to many of our customers.”
The solution was financed by Key Equipment Finance, an affiliate of Key Bank; (NYSE: KEY) and one of the nation’s largest bank-held equipment leasing companies. By partnering with Key Equipment Finance, iDocs is able to provide flexible financing options to customers like Ford, Walker, Haggerty & Behar. A lease option provides customers with better asset management, tax benefits, and equipment upgrade flexibility, which is likely to result in increased customer satisfaction for iDocs.
About iDocs Technologies
iDocs Technologies is a leading provider of electronic document management solutions, helping customers to streamline documents and workflow while reducing operational costs. From small businesses to large companies, iDocs Technologies, develops designs and installs electronic document management solutions tailored to meet the specific needs of its customers. iDocs has many years of experience and expertise in selected vertical markets including legal, financial, transportation, healthcare, and higher education. Please visit www.idocstech.com.
About Key Equipment Finance
Key Equipment Finance is an affiliate of KeyCorp (NYSE: KEY) and provides business-to-business equipment financing solutions to businesses of many types and sizes. The company focuses on four distinct markets:
- Businesses of all sizes in the U.S. and Canada (from small business to large corporate);
- Equipment manufacturers, distributors and value-added resellers worldwide;
- Federal, provincial, state and local governments as well as other public sector organizations; and
- Lease advisory services for manufacturers’ captive leasing and finance companies.
Headquartered outside Boulder, Colorado, Key Equipment Finance manages a $12.6 billion equipment portfolio with annual originations of approximately $5.7 billion. The company has major management and operations bases in Toronto, Ontario; Albany, New York; Chicago, Illinois; Houston, Texas; London, England; and Sydney, Australia. The company, which operates in 26 countries and employs 1,100 people worldwide, has been in the equipment financing business for more than 30 years. Additional information regarding Key Equipment Finance, its products and services can be obtained online at KEFonline.com.
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $93 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally.
|
