July 11, 2014 4:14 PM ET

IT Services

Company Overview of BancTec, Inc.

Company Overview

BancTec, Inc. offers business process outsourcing, financial transaction automation, and document management services. The company provides account payable in-voice processing, inbound mail processing, payment processing, backfile conversion, and claims processing services. It also offers healthcare remittance automation, forms processing, account origination, case management, revenue cycle management, and image capture and archive services. The company also provides contract manufacturing, consulting, and multi-vendor services. It markets its hardware products under IntelliScan XDS, IntelliScan SDS, X-Series, and E-Series brand names. The company markets its software products under CenterVi...

2701 East Grauwyler Road

Irving, TX 75061-3414

United States

Founded in 1972

1,892 Employees

Phone:

972-821-4000

Fax:

972-821-4823

Key Executives for BancTec, Inc.

Chairman and Chief Executive Officer
Age: 68
Director of Business Operations
Compensation as of Fiscal Year 2014.

BancTec, Inc. Key Developments

BancTec Expands Processing Capacity in El Paso

BancTec announced its new processing facility in El Paso. The location has become a significant hub for company’s growing healthcare operations — keying medical and dental claims, correspondence, and various types of attachments. The company moved to expand its El Paso operations after its previous facility reached capacity. The new facility will allow the company to triple its employee base in the area. The new processing center is capable of operating 24/7, with employees working across three shifts. The new facility is connected to company’s secure BPO hub and spoke network, enabling remote-in access for a greater variety BPO work. The facility is located at 3821 Constitution Drive in the growing business area of Sunland Park.

BancTec Announces Launch of Two New Products at Cloud World Forum

BancTec announced it will launch two new products at the Cloud World Forum taking place in London on 26th-27th June. BancPay offers small and large companies access to intelligent electronic invoicing services; while SocialVision provides compliance and control for social media and email platforms. BancPay allows all types of companies to create and exchange invoices electronically to improve cash flow and reduce administrative costs. BancPay removes the hassle of dealing with the different types of invoices businesses send and receive. SocialVision helps businesses interact safely with the public through all social communication channels. With SocialVision, businesses can monitor customer conversations and engage compliantly through their social media platforms.

BancTec Delivers Pharmacy Automation Services

BancTec delivers effective pharmacy automation services to a leading provider of automated pharmacy dispensing equipment services and software for pharmacies and nursing homes. The company is currently on a five-year agreement to provide service 24 hours a day, seven days a week.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 21, 2014
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