Royal Cup Selects OPEN SCAN®

DENVER -- (BUSINESS WIRE) -- Royal Cup, Inc., headquartered in Birmingham, Ala., is the newest user of Open Scan Technologies, Inc.’s Enterprise Receivable Process Management (RPM) Software. Royal Cup is one of North America’s leading importers, roasters and distributors of premium coffees and teas. Serving customers in the food service, office and specialty coffee markets, Royal Cup now reaches markets throughout the United States, into Mexico, and the Caribbean.

With OPEN SCAN, Royal Cup will automate their receivables processing capabilities and streamline their core business processes while improving operating margins. The end result will support their commitment to customer service excellence.

“OPEN SCAN brings a unique value to manufacturers that control their own distribution,” said Nadine Lange, OPEN SCAN President and CEO. “In today’s environment, many manufacturers are faced with low margins and the challenges of managing a large customer base. OPEN SCAN’s solution provides them with a better way to control their A/R process.” This solution provides faster deposit, higher hit rate accuracy, same-day cash application, integrated deduction identification, and more efficient collections.

About OPEN SCAN

Open Scan Technologies, Inc. (OPEN SCAN®) develops enterprise receivables process management software for corporations. The software addresses the entire receivables function from image and data capture through remittance processing and receivables matching, to deduction / dispute resolution, to cash application. Corporations, financial institutions, and government agencies that receive either electronic or paper payment and remittance documents realize the highest levels of automation, data accuracy and operational savings for their receivables processing environments.

OPEN SCAN® is a registered trademark of Open Scan Technologies, Inc.

Other names may be trademarks of their respective owners.