10 Dec 2015, Anna Barnett: The PayStream article
Last week, PayStream sat down with Jeff Moore Chief Sales Officer of the data capture and imaging software provider, Artsyl for a review of their product offering and technology stack. The company has been around for over a decade, but until recently they were primarily known for the advanced imaging software they provided for automating back-office processes of small and mid-market organizations.
Over the past several years, they have released many new features that have greatly improved their product’s value—and its competitive standing. With their enhanced offerings, they are now making their way into the market for larger organizations.In preparation for an upcoming report on AP document imaging solutions, we decided to sit down with Artsyl and learn more about their product’s history and strengths. Artsyl’s flagship product is docAlpha, a data and document capture platform that automates document-intensive workflows. docAlpha supports multi-channel capture of documents from many different sources, including desktop scanners, MFPs, email, fax, and electronic file capture. Their focused solution for invoice processing is InvoiceAction. InvoiceAction allows for out-of-the-box processing of invoices including document capture, automated separation, data extraction, rules-based validation, exception handling, GL coding, approvals, and application integration with ERPs.
Because Artsyl has been more focused on the mid-market, they do not regularly compete with some of the bigger names in data capture software. However, the company does claim that many of their product’s features are competitive to or even more advanced than those of many market leaders. Artsyl backed up this claim with an explanation of their general company approach: they are focused on value. They have a very configurable product, with APIs and customizable features, allowing users to build the solution the way they want with little or no extra costs. For example, many of the features that leading imaging providers charge for come as standard offerings with Artsyl’s solution. Artsyl also spends a substantial amount of time fine-tuning and expanding these features. From a product and technology standpoint, their focus is on constant improvement without constant expense to the end-user.
Artsyl recently released a point version of docAlpha (v4.5), and will deliver a full version upgrade (v5.0) in January with features that continue to reflect the company’s drive for value. Some of docAlpha 4.5’s features are improved and expanded capabilities around multi-tenant environment support, user interfaces, automatic registrations, and self-learning technology, as well as more ERP-oriented output connectors. In all, this release offers more configurable elements and connectivity support, as well as more streamlined document processing.
We enjoyed our time learning about Artsyl and what they have to offer. We wish them luck on their journey to continually enhance and expand their product.