Solution Improves Data Accessibility, Improves Turnaround Time and Reduces
Costs
DALLAS, June 8 /PRNewswire-FirstCall/ -- SOURCECORP, Inc. (Nasdaq: SRCP),
a leading provider of consulting and business process outsourcing solutions,
has recently launched an end-to-end outsourced solution to electronically
manage paper tickets for America West Airlines. America West has also
contracted to use SOURCECORP's hosted document repository, FASTRIEVE(TM), to
store and retrieve the tickets.
Under the terms of the three-year arrangement, SOURCECORP collects, scans,
keys, and stores ticket data electronically for retrieval as needed by America
West. The solution involves the monthly processing of hundreds of thousands
of tickets, paper coupons, airway bills, delivery receipts, refund requests,
and miscellaneous correspondence. This electronic workflow solution, enabled
through Optical Character Recognition processes, replaces a paper-based,
manual system.
"After a rapid implementation and ramp phase, we are now
utilizing SOURCECORP and FASTRIEVE at 100 percent and estimate annual cost
savings of 15 percent in processing," said Chris Abbey, senior director of
revenue accounting. "With the added benefit of imaging and online retrieval,
we're operating more efficiently and have easier simultaneous access to data."
"SOURCECORP has invested in people development, business processes and
supporting technology solutions specifically for the transportation industry
and we are pleased to add America West to our client base," said Ed H. Bowman,
Jr., President and CEO of SOURCECORP. "As a leading provider of BPO services
our focus is to provide our clients, like America West, with the right mix of
technology and process expertise to help them achieve their business goals."
About SOURCECORP(R)
SOURCECORP, Incorporated provides business process outsourcing solutions
and specialized high value consulting services to clients throughout the
U.S. SOURCECORP focuses on business processes in information-intensive
industries including healthcare, legal, financial services, government and
transportation & logistics. Headquartered in Dallas, the Company serves
clients throughout the United States through a network of locations in the US,
Mexico and India.
SOURCECORP is a component of both the S&P SmallCap 600 Index and the
Russell 2000 Index. The Company has been cited among the Top 100 Hot Growth
Companies by BusinessWeek magazine. SOURCECORP has also been recognized twice
by Forbes magazine as one of the 200 Best Small Companies, based on return
equity, sales growth, and EPS growth, and by FORTUNE magazine as one of
America's 100 Fastest Growing Public Companies. For more information
about SOURCECORP's solutions, including case-study examples, visit
the SOURCECORP website at http://www.srcp.com
About America West Airlines
America West Airlines is the nation's second largest low-fare airline and
the only carrier formed since deregulation to achieve major airline status.
America West's 13,000 employees serve nearly 55,000 customers a day in 96
destinations in the U.S., Canada, Mexico and Costa Rica.
The statements in this press release, which are not historical fact, are
forward-looking statements that involve risks and uncertainties, which could
cause actual results to differ materially from such forward-looking
statements. These forward-looking statements include, but are not limited to,
any financial estimates, projections, and estimates of future contract values
included in this press release. The aforementioned risks and uncertainties
include, without limitation, the risks of integrating our operating companies
of the timing and magnitude of technological advances, of the occurrences of a
diminution in our existing customers' needs for our services, of a change in
the amount companies outsource business processes, of the impact to margins
resulting from a change in revenue mix as well as the risks detailed
in SOURCECORP's filings with the Securities and Exchange Commission, including
without limitation, those detailed under the heading "Risk Factors" in the
Company's most recent annual report on Form 10-K. SOURCECORP disclaims any
intention or obligation to revise any forward-looking statements, including
financial estimates, whether as a result of new information, future events, or
otherwise, except as required by law.
SOURCE SOURCECORP
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Related links:
http://www.srcp.com
Company News On-Call:
http://www.prnewswire.com/comp/117986.html
CONTACT:
Mary Leos, Director, Corporate Marketing &
Communications of SOURCECORP, +1-214-740-6907, or
maryleos@srcp.com
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