Metafile Predicts Further Shift from Traditional Document Management Systems to Full Financial Automation Solutions in 2010

30-year paperless document management industry leader cites emphasis on operational transparency and accountability in 2009 as central shift

ROCHESTER, MN - January 2010 - Full financial automation solutions will overtake traditional compartmentalized document management in 2010 according to leaders at Metafile Information Systems, Inc. (www.metaviewer.com). Metafile has been an independent provider of paperless document management applications supporting accounts payable, accounts receivable and human resources departments in middle-market and large businesses for more than 30 years.

Calls for increased transparency and accountability in financial processing over the past year, spurred by cross-industry pressure to control operational costs, are forcing decision-makers to emphasize full and complete ‘paperless’ automation of financial processes, as opposed to traditional solutions that simply automate individual processes and eliminate paper,” said Allan Sprau, CEO and founder of Metafile. “Regardless of the size of the organization, most of our clients tell us they will invest more – not less – in document management technology that maximizes potential for efficiency, visibility and cost control.”

Metafile's continued and intensified focus on the value of full financial automation solutions is illustrated by several significant developments in Metafile's products and services, client base and industry presence. Together these developments reflect Metafile's commitment to remain on the cutting edge of industry innovation:

The launch of VendorView™, the MetaViewer supplier self-service portal is a secure online Web site allowing vendors to receive email notifications of payment and invoice issues, electronically submit invoices, view transaction status in real-time, and review and search archived invoices and supporting documents.
The launch of Invoice Monitor™, the MetaViewer graphical dashboard offering financial managers a real-time snapshot of the entire AP process. Invoice Monitor allows one click access to actual invoices and tracks total dollar amounts for upcoming expense estimates, discounts lost, and discounts in jeopardy. Graphical reports also record average invoice processing time by week, invoices processed by each AP employee and more.
MetaViewer solutions have been purchased or have expanded recently in a number of high profile organizations including Wakefern Foods (ShopRite), Winn Dixie Stores, Gate Petroleum, Janney Montgomery Scott, Titleist, Tropicana Casino, GEXPRO, New York City Transit, Fortis, Ingersoll Rand, ASICS Shoes, Hanes, and Welch Foods.

When Metafile was founded in 1979, financial operations in most organizations were mired in paper-based processes that were largely compartmentalized. The resulting lack of transparency and accountability in accounts payable and accounts receivable departments compromised the efficiency of activities designed to keep business flowing, such as timely invoice processing and efficient execution of purchase orders. Thirty years later, the core mission of Metafile's solutions remains the same: to help organizations capture, manage and access data, automate workflow, eliminate repetitive processes and promote transparency, efficiency and cost control.

In 2010 Metafile will capitalize on its momentum in 2009 and more than three-decades of expertise by more tightly integrating with and further enhancing an ever growing array of ERP and financial solutions, developing additional tools to more extensively involve vendors in the MetaViewer process flow, and further streamlining vendor participation processes.

"Many thanks to Metafile's customers for their shared commitment to unlocking the power and potential of paperless financial-industry document management to affect tangible cost savings and promote transparency and accountability," said Sprau. "Metafile will continue to answer the industry's call for greater efficiency and increased transparency in 2010 and beyond."

About Metafile Information Systems, Inc.
Founded in 1979 and headquartered in Rochester, MN, Metafile is an established, independent and efficient provider of paperless document management software applications supporting accounts payable, accounts receivable and human resources departments in middle-market and large businesses nationwide. More than 3,500 organizations have translated Metafile's content management solutions into enterprise-wide value and competitive advantage. MetaViewer is Metafile's flagship paperless document management solution, offering paper and electronic invoice capture, Web-based workflow, two- and three-way matching, real-time graphical visibility and full ERP integration. Today, more than 15,000 financial professionals worldwide are efficiently processing more than 15 million paperless transactions per week with the MetaViewer solution. For more information, call 800-638-2445 or visit www.metaviewer.com.

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