Fidesic Corp. Automates Accounts Payable Over the Internet With Datacap Taskmaster

Taskmaster is Capture System Behind Accounts Payable Outsourcing

August 13, 2004, Tarrytown, NY - Datacap Inc. announced today that Fidesic Corp. of Redmond, Washington, is using its Taskmaster data and document capture solution to distribute scanning and invoice capture to customers over the Internet. Fidesic's web-based automated accounts payable processes help midsize companies reduce costs, improve customer service and vendor relations, increase working capital, gain greater financial visibility and ultimately make better financial decisions.

As companies continue to streamline their business processes to become more efficient and more profitable, many small to midsize companies are seeing value in outsourcing routine accounting processes. Fidesic offers complete accounts payable business processing, via the Internet, including payment scheduling, check mailing services and electronic payments, seamlessly integrated with their client's accounting systems.

For customers who select the Invoice Capture option of Fidesic Payables, Fidesic offers automated scan and capture of client invoices over the Internet. The engine behind this capability is Taskmaster Web, the browser-based scan and invoice capture solution. After invoices are recognized with Taskmaster OCR, they can easily view invoice data and images on a Taskmaster verification screen.

"As Accounts Payable outsourcing becomes more competitive," says Jon Matsuo, CEO of Fidesic, "customers will select solutions that have the most flexibility to meet their needs. Taskmaster gives us complete invoice capture capabilities to offer our customers, which give us a significant competitive advantage."

Datacap CEO Scott Blau points out that the Datacap solution is uniquely positioned to deliver benefits to Fidesic customers. "Taskmaster's capability to handle invoice data entry, combined with browser-based scanning and verification, gives Fidesic the tools to meet the demanding needs of their market," he said.

About Datacap Inc.

Datacap Inc. provides leading document capture and forms processing software solutions to organizations worldwide. Datacap Taskmaster software efficiently transforms paper into digital information, reducing data entry costs and improving accuracy. The industry's first client/server, rules-based document capture workflow platform, Taskmaster provides highly flexible solutions for image indexing and data entry automation. Taskmaster also enables scanning, indexing and administration from a browser and integrates with all leading document management solutions. http://www.datacap.com

About Fidesic Corporation

Fidesic Corporation is the leader in automating business spending processes for midsize companies. Fidesic automates all aspects of the payables, expense reporting, payments, and receivables processes, including expense report creation and submittal, invoice receipt and generation, expense report and invoice approval, and employe and vendor payment using paper, credit card, or electronic payments. Fidesic helps midsize companies reduce costs, improve customer, employee, and vendor relations, increase working capital, gain greater financial visibility, and ultimately make better financial decisions. http://www.fidesic.com.