Ryan Announces Approval of United States Patent for Innovative Method and System for Extracting Information from Electronic Data Sources
DALLAS, May 17, 2012 /PRNewswire/ -- Ryan, a leading global tax services firm with the largest indirect tax practice in North America, today announced that the Firm's application for a U.S. patent on a "Method and System for Extracting Information from Electronic Data Sources" has been allowed by the United States Patent and Trademark Office. It is expected that the patent relating to the Firm's innovative data extraction technology, known as eCapture®, will be issued within the next three months.
Since the advent of digital technology and electronic commerce, an increasing number of electronic documents and forms are contained in the databases of corporate Enterprise Resource Planning (ERP) systems. Despite the growing need to process and mine an enterprise's database of electronic documents, the management of those documents is often limited to mining techniques that are specific to the format of the data source and document layout. This creates data extraction challenges, given the fact that there can be hundreds of different basic types of documents in differing formats stored in data sources maintained by a large enterprise.
Ryan's innovative eCapture® technology manages the search of those electronic documents in an efficient and cost-effective manner by automating the extraction of electronic images from corporate ERP systems. The Firm deploys the technology to eliminate the need for manual retrieval of electronic invoices and expedite the extraction process to minimize client disruptions during the provision of comprehensive tax services engagements. The resulting improvement in efficiency and effectiveness is central to the Firm's ability to find significant tax saving opportunities and deliver superior client service.
"Ryan's eCapture® technology is another resource that differentiates us in the marketplace and allows us to deliver even higher levels of client value and results," said G. Brint Ryan, Chairman and CEO of Ryan. "This patent exemplifies the pioneering approach to tax that has driven our Firm to market leadership in the tax services industry."
Ryan is an award-winning global tax services firm, with the largest indirect tax practice in North America and the seventh largest corporate tax practice in the United States. Headquartered in Dallas, Texas, the Firm provides a comprehensive range of state, local, federal, and international tax advisory and consulting services on a multi-jurisdictional basis, including audit defense, tax recovery, credits and incentives, tax process improvement and automation, tax appeals, tax compliance, and strategic planning. Ryan is a two-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan's multi-disciplinary team of more than 925 professionals and associates serves over 6,500 clients in 40 countries, including many of the world's most prominent Global 5000 companies. More information about Ryan can be found at www.ryan.com.
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