nQueue Delivers Record Performance in Fourth Quarter

Global News

18
Feb
2014

Editor

nQueue, the only truly global cost recovery provider and a leading provider of document scanning and routing solutions, today announced record results both in terms of revenue and new bookings in the fourth quarter of 2013. The company closed 55 new contracts in the quarter.

“I’d like to congratulate our team on a job well done,” said Rick Hellers, nQueue’s President & CEO. “Moreover, the results illustrate that cost recovery remains a vibrant function and a key component of firms’ profitability.” nQueue’s mission remains to unlock the value of its clients’ data to improve efficiency and profitability.

nQueue’s development roadmap remains aggressive for both its BillBack and ScanRoute product lines, with multiple new releases scheduled for 2014. Last year, the company released 22 product updates, including iA Tablet 5.1, which includes new features and leveraged the company’s innovative Adaptive Intelligence technology, such as "one-click" scan and predictive text search functionality. 

The year was also highlighted by the growth of the company’s document scanning and routing (ScanRoute) product line. “The amount of paper in law offices continues to grow, which increases both risk and cost,” said John Gilbert, nQueue’s Senior Vice President. “Our scanning and routing products help firms to make scanning easier and more consistent, allowing firms to strategically reduce their volume of paper.” The company partnered with the International Legal Technology Association on more than a dozen educational Roadshows in 2013, entitled “Uniform Scanning from Anywhere,” in order to educate firms in developing strategic scanning initiatives. More Roadshows are scheduled for 2014. 

Corporate clients continue to put pressure on firms, which in turn must create efficiency and leverage information to remain profitable. “Our products allow firms to capture more cost-related data, process it into usable information, and act upon that information to manage more effectively and improve financial performance,” added Hellers. ”We continue to succeed because we deliver products that help firms gain efficiency and profitability.”