Brainware to Automate Accounts Payable Processing for Continental Airlines

April 8, 2009, Ashburn, VA —Brainware, Inc., the innovative provider of intelligent data capture and enterprise search solutions, announced today that Continental Airlines (NYSE: CAL) has adopted Brainware Distiller to automate their accounts payable processing. The global carrier will use Brainware’s flagship product to process its volume of nearly five hundred thousand invoices annually, improving A/P operational efficiency and increasing early payment discounts.

“Continental is committed to using technology to reduce costs, generate positive cash flows, and improve financial flexibility,” says Cedric Soares, Managing Director of corporate disbursements at Continental Airlines. “We evaluated numerous products in the data capture and A/P automation space and Brainware offered the best solution.”

“We are delighted to welcome Continental Airlines on board with Brainware” says Carl Mergele, Brainware CEO. “They are clearly a company that understands the importance of finding ways to improve operational performance while also improving customer service. They are aggressively seeking out technologies that will help them tap into hidden resources. We at Brainware are thrilled to be a part of such a far-reaching initiative.”

“According to our recent research, top performers are automating about 80 percent of their invoice transactions,” says Kurt Albertson, director of advisory services with The Hackett Group. “This compares with less than 30 percent for other organizations that are still primarily paper-based. The investment in technology to further enable A/P is a best practice that should position Continental Airlines to achieve significant efficiency and effectiveness gains.”

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