Mayo Clinic Wins Silver Award for Technology Excellence at 15th Annual Alexander Hamilton Awards

Annual Event Recognizes Best and Brightest in Corporate Finance and Treasury

November 8, 2010, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, congratulates Mayo Clinic on their receipt of the Silver Award for Technology Excellence at Treasury & Risk's 15th Annual Alexander Hamilton Best Practices Awards conference.  The annual Technology Excellence Award recognizes the most innovative corporate treasuries and finance departments for their exceptional implementation and use of automation to drive significant results within their organization.  Finalists for this year’s award also included Cisco Systems and Google.

Mayo Clinic, the world’s first and largest not-for-profit integrated healthcare system, undertook an ambitious initiative two years ago to automate their Purchase-to-Pay (P2P) operations in direct response to the mounting pressures of healthcare reform and cost containment.  Facing a growing volume of invoices combined with a target reduction in processing cost per invoice, Mayo Clinic’s finance leadership recognized that their current technologies could not deliver the efficiency gains or operating costs to get them to world-class performance status.  Through a focused program that combined transformational technology and process change, Mayo Clinic has reduced operating cost, improved invoice cycle time, reduced error rates, and improved job satisfaction within the department.

“Mayo Clinic is an undisputed leader in the delivery of clinical care,” said Carl Mergele, Chief Executive Officer of Brainware, “and their achievement of excellence in finance and purchase to pay sets them apart in these areas as well.  We congratulate Mayo Clinic on being recognized for their success.”

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