Press Release

Conversion Technologies International, Inc. and Corcentric Partner to Bring Automation to the Greater New York Hospital Association

Scanning and financial process automation solutions now available to GNYHA members

McLean, Va., April 14, 2017CorcentricTM, a provider of financial process automation solutions and Conversion Technologies International, Inc. (CTI), a full-service document conversion center specializing in scanning, today announced a partnership that allows Corcentric to bring its solutions for end-to-end accounts payable optimization, along with CTI scanning solutions, to the 250-member Greater New York Hospital Association (GNYHA). CTI is Corcentric’s current scanning partner and has been working with GNYHA for nearly seven years. The partnership is designed to combine the strengths of the two organizations and create efficiencies and savings for GNYHA members.

GNYHA comprises member hospitals and health care systems in New York, New Jersey, Connecticut, and Rhode Island. The CTI and Corcentric partnership announced today advances GNYHA’s mission to deliver the finest patient care in the most cost-effective way by helping reduce the burden of paper-based systems and bring dramatic savings through automation and electronic payments.

“Our partnership with Corcentric allows us to not only provide our scanning solutions for GNYHA members but also offer the advantages of paperless processing of scanned information,” said Larry Skinner, VP of Sales and Marketing, CTI. “We now can create a robust solution for these customers to drive down cost and reduce error.”

“Corcentric’s technology has relied on CTI as a trusted partner since 2012, and the ability to now bundle our accounts payable and payment offerings will create greater value for these hospitals and health care systems,” said Matt Clark, COO, Corcentric. “We can replace inefficient and costly paper-based, manual processes with the benefit of CTI imaging and fully automated financial processing systems. This is truly a win-win for the customers.”

About Conversion Technologies International, Inc. (CTI)

Since 1993, Conversion Technologies International, Inc. has converted billions of pages and images and is a full-service document and image conversion center, specializing in a range of solutions from scanning to destruction. CTI has provided digital conversion solutions for companies of all sizes, from Fortune 500 to the small business owner, in nearly every industry imaginable. For more information please visit www.ctiimage.com.

About Greater New York Hospital Association (GNYHA)

Founded in 1904, Greater New York Hospital Association (GNYHA) is a trade association representing more than 250 member hospitals and health systems in New York, New Jersey, Connecticut, and Rhode Island. For more information, visit www.gnyha.org.

About Corcentric

Corcentric, a wholly-owned subsidiary of AmeriQuest Business Services, LLC, provides cloud-based financial process automation solutions that have revolutionized how the world’s largest organizations manage and protect their financial assets. By connecting best practices with deep expertise, Corcentric’s Accounts Payable and Accounts Receivable automation solutions enable organizations to reduce costs, streamline processes, and provide unmatched visibility executives need to make critical business decisions. For more information, visit corcentric.com.