Galantis, Inc. Announces GEM/AP™ Release 1.12 Invoice Process Automation

COSTA MESA, Calif., May 11, 2007 – Galantis has announced the availability of GEM/AP™ Release 1.12, its advanced product for the automation of invoice processing. The release includes integration with Kofax’s Ascent ® Capture and Ascent ® for Invoices, the world’s leading suite of document capture technology.

GEM/AP™ provides an end-to-end solution for automating and shortening the vendor invoice approval process. This is accomplished by using a proven solution template incorporating industry best practices, running on the versatile and platform-independent GEM/Frame™ application framework, and integrated with state-of-the art capture technology from Kofax.

“The manual and paper-intensive process of approving vendor invoices can be costly, time-consuming and damaging to vendor relationships” said Roumen Antonov, Galantis CEO. “Industry statistics show that the cost of invoice processing can be reduced by up to 90% by an efficient automated process. Other important benefits of AP automation include higher process transparency, compliance, better auditing capabilities and improved cash management. These issues are increasingly important to the senior management of companies worldwide.”

GEM/AP™ Release 1.12 is a solution template aimed at answering the challenges in AP processing by implementing distributed scanning of invoices, automated indexing of the key invoice fields, allowing for flexible routing of invoices for approval, e-mail notification, automatic tracking of all processing information, including actions taken, reasons selected and field values modified, as well as providing instant and distributed access to the image of the original invoice and a capability to attach supporting documents. Integration with external ERP and accounting systems is offered, as well as a customization package.

GEM/Frame™ allows Galantis to rapidly develop content and business process management applications for a variety of industries and verticals, and has been successfully tested with such technologies as FileNet P8, Apache Jackrabbit and JBoss jBPM. GEM/Frame™ serves as the foundation for the popular GEM/AP™ offering.

About Galantis

Galantis (www.galantis.com) is a global software development services company based in Costa Mesa, California that specializes in the creation of custom Enterprise Content Management and Business Process Management solutions for some of the World’s leading organizations, including customers in North America, Australia and the Far East, and Europe.

Galantis has developed a number of solutions for customers in the financial industry. These include:

• Accounts Payable
• Credit Card Dispute Processing
• Brokerage Customer Processing
• Loan Origination
• Insurance Claims Processing and Underwriting

About Kofax

Kofax (www.kofax.com), a division of DICOM Group plc (LSE: DCM.L), is a leading provider of information capture software. Kofax products enable the automation of business processes by collecting paper documents, forms, and e-documents from throughout organizations, transforming them into retrievable information, and delivering it all into line-of-business applications, databases and archives. The company’s Ascent platform is the most popular information capture application worldwide, and its’ Ascent for Invoices provides a complete solution for the capture of supplier invoices, including scanning, automatic data extraction and release.

Trademark

Kofax Ascent and Ascent for Invoices are registered trademarks or trademarks of Kofax Image Products, Inc.