Access, developer of the Access Enterprise Forms Management (EFM) suite, today announced the acquisition of all of the intellectual property and contracts of Formatta the leading provider of e-forms-driven business process optimization solutions into its subsidiary, Access FSA LLC. Terms of the transaction were not disclosed.
Access, developer of the Access Enterprise Forms Management (EFM) suite, today announced the acquisition of all of the intellectual property and contracts of Formatta – the leading provider of e-forms-driven business process optimization solutions – into its subsidiary, Access FSA LLC. Terms of the transaction were not disclosed.
“With Formatta as an Access partner, we’ve had the opportunity to see the increased flexibility and value of incorporating elements of this world-class online forms and workflow technology into our Enterprise Forms Management suite,” said Access founder and CEO Tim Elliott. “This acquisition is an exciting next step that will benefit Access customers and partners, as well as the new customers and partners of Formatta we are now acquiring.”
Formatta solutions being purchased by Access enable customers in healthcare, commercial and government sectors to quickly capture, verify, and approve data needed to complete business processes, and to pass it through automated workflows. Proven integration technology empowers Formatta solutions to update business systems with real-time data, and to interface forms images into enterprise content/document management (ECM/EDM) systems for archiving.
“Hundreds of hospitals choose Access for our advanced technology and stay with us because of our commitment to quality customer service and continued technology innovation,” said Mark Johnston, Access President. “We welcome the opportunity to meet the needs of Formatta’s existing customers and partners with a similar level of dedication.”
The acquisition of Formatta continues the Access tradition of offering full-featured and user-friendly technologies that address the pain points of its customers. Formatta solutions make any process that involves completing and routing forms faster, more collaborative and more secure. Benefits include:
- Improved information sharing through paperless, e-forms-driven workflows
- Faster completion of key business processes by elimination of paper-related delays and errors
- Enable customers outside your network (such as job candidates and referring physicians) to submit forms, data and supporting documents to applications on your network and your enterprise content/document management (ECM/EDM) system
- Decreased financial, productivity and environmental costs - Immediate access to more complete and accurate data
- Elimination of lost documents and increased data security with electronic signatures
Upon completion of the transaction, Formatta will retain its current name and will continue operations for a transition period within the Access family. Formatta President and CEO Grant Wagner will continue to assist in a smooth transition for customers and channel partners. The transaction with Formatta is subject to customary closing conditions.
“With their strong footprint in the healthcare market and commitment to growing their business, Access is a perfect fit for Formatta and its customers and partners,” Wagner said. “The integration of the two companies’ technologies creates a compelling solution that eliminates paper forms inefficiency and helps hospitals move faster toward achieving a comprehensive electronic health record.”
About Access Access provides electronic forms and workflow automation solutions to hundreds of healthcare organizations worldwide. Access Intelligent Forms Suite (IFS) and the other components of Access Electronic Forms Management (Access EFM) enable clinical and administrative departments to easily capture complete, current and accurate data and make it usable to people and systems across the hospital. This improves patient care and safety, cuts costs and enhances electronic health records (EHR), patient safety and downtime/disaster planning initiatives. Learn more at www.accesseforms.com About Formatta Formatta is the leading provider of e-forms-driven business process optimization solutions delivering increased performance and measurable return on investment to government, business, non-profit and education markets. Formatta’s forms-driven business process optimization and data integration solution is used in a number of federal, state and local government agencies and departments allowing thousands of users to design, access, sign, submit and capture electronic forms data critical to a wide array of business processes and to connect with critical business systems used to run organizations.