CCH, a Wolters Kluwer business, has aquired the highly innovative automated scanning product BOCDIP and will [mercifully] rename the product ProSystem fx Scan. We covered BOCDIP here last fall and pronounced the technology "quite amazing" and the maketing effort, as evidenced by the dismal name, pathetic. Now this great technology will go to CCH and join a very respectable stable of other "quite amazing" technology and, perhaps even more importantly for the future of "the product formerly known as BOCDIP", be marketed and supported by a world-class sales and consulting organization.
BOCDIP combines a database engine with a proprietary data dictionary to automatically read and recognize client documents (for example, W-2s, K-1s, interest statements, etc.) needed for preparing individual income tax returns. The software then sorts, bookmarks, and outputs these documents to a PDF file. "CCH is focused on ensuring that our customers have best-of-breed, integrated workflow solutions that ensure their competitive advantage," said Kevin Robert, CCH CEO. "This acquisition and the integration of these tools with the ProSystem fx Office Suite provides CCH customers with a significant advantage in moving to and operating in a paperless office environment where they can realize new efficiencies and opportunities to better serve their clients." Mark Ryburn, CPA, BOCDIP co-creator and part owner of DocuMatters will transition to CCH and manage the integration effort. gll PS -- BOCDIP, while "amazing", is not alone in the marketplace. Canadian software vendor Doc-It includes similar capabilities in their document management of the same name. Doc-It is "sold" only by monthly subscription, a business model that is, while interesting, not unique. Gee, is there NOTHING new under the sun?
