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Technology Stocks : DocuCorp International (DOCC)

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To: EdR who wrote (67)8/8/2001 3:09:27 PM
From: long-gone   of 121
 
Farmers Expands Docucorp License With e-Solutions and Workflow Software
Farmers Projects Significant Savings in Policy Processing, Document Archival And Web Routing
DALLAS, Aug 8, 2001 /PRNewswire via COMTEX/ -- Docucorp(R) International (Nasdaq: DOCC chart, msgs), a leading provider of enterprise information solutions, today announced an expanded license to Farmers Insurance Group for e-Solutions and workflow enterprise information software to be used in the insurance company's service centers.

"With the Docucorp solutions, Farmers will have the capability to convert, store and retrieve print images electronically and provide on-line routing, viewing and editing of policies, as well as local retrieval and printing of previously issued policy documents," said Philip M. Moore, Farmer's vice president of program management and business engineering. "In just the first year after implementing this end-to-end document management system, we anticipate saving more than $500,000. With access to a virtual policy network, we will open the door to more efficient and flexible policy distribution channels and recognize even greater savings in printing, finishing and mailing costs."

"By using Docucorp's solution, Farmers is able to convert some of the manually handled paper transactions into electronic formats for processing," said William D. Barry, Docucorp's senior vice president of sales and marketing. "With the full suite of Docucorp solutions, Farmers has addressed issues that improve customer satisfaction and dramatically improve the bottom line."

About Farmers

Farmers Insurance Group includes the nation's third-largest home and auto insurers. Headquartered in Los Angeles and doing business in 41 states, the Farmers group of companies provides home, auto, business, life insurance and financial services to more than 10 million households through 17,000 exclusive and independent agents and district managers.

About Docucorp

Docucorp is the authority in providing dynamic solutions for acquiring, managing, personalizing and presenting enterprise information. Servicing the entire enterprise information lifecycle, Docucorp's information application software, application service provider (ASP) hosting and professional consulting services enable companies to implement solutions in-house or fully outsource to Docucorp. The company has an installed base of more than 900 customers, including many of the largest insurance, utility and financial services organizations.

Headquartered in Dallas, Docucorp has major facilities in Atlanta and Silver Spring, MD. The company also maintains offices in London, Portland, ME, and Bedford, NH.

Certain information contained in this news release may include "forward- looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than historical facts, included herein are forward-looking statements. These statements involve risks and uncertainties, such as competition, technological developments, loss of significant customers and the other factors discussed in the Company's periodic reports filed with the Securities and Exchange Commission, that could cause the Company's actual results to differ materially from those expressed or implied by these forward-looking statements. Docucorp is a registered trademark of Docucorp International.

Company, organization and product names mentioned herein are trademarks or registered trademarks of their respective owners. Docucorp and its symbol are trademarks of Docucorp International.
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