WALTHAM, Mass. and TAMPA, Fla., March 17, 2014 /PRNewswire/ -- Lionbridge Technologies, Inc. (Nasdaq: LIOX) and Fairfax Imaging, Inc. today jointly introduced a software and services solution that allows state and municipal governments to significantly improve tax processing accuracy and reduce associated time and costs. The solution integrates Fairfax Imaging's highly accurate Quick Modules "Power of One" imaging solution with Lionbridge's vcapture task management platform and crowd-enabled data management services.
The Fairfax – Lionbridge solution is being utilized by Mississippi Department of Revenue (DOR) to process 2013 tax returns and has significantly reduced the amount of time and effort for Mississippi DOR to manage tax return data as it moves through the workflow. The process begins when Fairfax Imaging's Quick Modules "Power of One" imaging solution uses highly accurate recognition software to scan returns. Lionbridge's vcapture platform then randomizes all data into non-contextual snippets to ensure all personal data is secure. This allows more than 10,000 Lionbridge Business Process Crowdsourcing data specialists to process the returns via via the secure vcapture platform.
"The Lionbridge-Fairfax Imaging solution will help state and municipal governments complete tax returns more quickly, more accurately and at a lower cost than traditional methods," said Martha Crow, Senior Vice President, Lionbridge Global Enterprise Solutions. "Lionbridge's Business Process Crowdsourcing practice has a proven record of delivering complex data projects accurately and securely, while delivering newfound efficiencies. Fairfax's document capture technology is best in class. We look forward to introducing this proven, scalable, data processing solution to additional state and local governments, as well as enterprises seeking new models for efficiency and flexibility."
The newest version of Fairfax Imaging's Quick Modules system is fast, reliable and simple to manage with one solution, one workflow and one provider. It represents the latest in innovation and design for the total information capture solution known worldwide for more than 20 years as Quick Modules. The new architecture implemented with QM 5.0 includes features designed to increase productivity and efficiency while at the same time, reducing the resources required to process both paper and electronic transactions." Quick Modules continues to lead the industry in providing superior technology solutions for state tax revenue processing," said Michael Minter, VP Sales and Marketing Fairfax Imaging. "By partnering with Lionbridge, Fairfax Imaging continues to offer innovative methods to our clients that provide real-world Return on Investment opportunities." Lionbridge delivers Business Process Crowdsourcing services to industry leading, global enterprises by leveraging an educated, pre-screened, cloud-based group of crowd professionals specializing in data processing, testing and translation services. Its managed approach combines the fast, flexible, overhead-free nature of crowdsourcing while utilizing the quality control and governance standards established in Business Process Outsourcing to deliver highly accurate results quicker and more affordably than traditional work models.
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