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TAWPI Innovation Award Winners Announced 

Wednesday, August 27, 2008

Press release from the issuing company

ORLANDO, August 26, 2008 – The Association for Work Process Improvement (TAWPI) today announced the winners of the TAWPI 2008 Innovation Awards, recognizing technology and process innovation in both payments and document/forms processing. The Innovation Awards are sponsored by JPMorgan Treasury Services, and were presented at TAWPI's 2008 Forums & Expo by TAWPI Board member Doug Hartsema, Managing Director, Receivables and Document Management businesses, JPMorgan Treasury Services.

The 2008 winner of the TAWPI Innovation Award for Payments Automation is JohnsonDiversey, Inc., recognized for their development of a comprehensive A/P automation solution that has decreased cost per transaction by over 30%, increased early payments and reduced the number of invoices over 60 days old to zero. An impressive 67% of invoices flow directly into the ERP system without any human intervention. The judges remarked on the key gains in efficiency, cost reduction and solid execution that made this nominee stand out.

The winner of the 2008 TAWPI Innovation Award in Document Automation is The State of Idaho Tax Commission for its use of imaging technologies to improve its most labor intensive processes – remittances received in field offices and processing full-page tax returns. In addition to saving the Commission the equivalent of one full-time position, the innovations are saving $100,000 annually by eliminating the need for secure storage facilities to retain paper returns. Complete cost recovery is expected within three years through efficiencies, reduced storage costs, and increased revenues by audit and collection staff. This ROI does not take into account reduced fraud through the prevention of erroneous refunds, expected at $600,000 per year.

"JPMorgan congratulates the inaugural winners of the TAWPI Innovation Awards," said Hartsema.  "They represent the best of what innovation's focus should be -- addressing the challenges in their payments and document management operations; seeking innovative solutions and then implementing those ideas to achieve real results.  At JPMorgan, innovation is a driving principle in how we deliver products and services to our clients.  We are pleased to support TAWPI's program that acknowledges innovation, industry-wide improvements and best practices."

"In making the inaugural year of the Innovation Awards a success, we have been extremely fortunate and grateful to have had the support of JPMorgan Treasury Services," said TAWPI President Frank Moran.  "The entire Innovation Awards program, as shown by the high quality nominations, is emblematic of TAWPI's mission to provide payments and document automation professionals with the tools they need to achieve success."

As part of their award, each winning organization was able to direct a $2500 honorarium to the charity of their choice.  JohnsonDiversey directed their contribution to San Juan Diego Middle School – where many of their employees volunteer. The State of Idaho Tax Commission chose Life's Door Hospice in memory of Gordon Alleman, who led their project implementation.  For complete details on the Innovation Awards program, including more information on this year's winners, please visit www.tawpi.org.

 

 

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