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TMCNet:  Global Consulting Firm Invests $1.8 Million in Kofax Software to Automate the Processing of Expense Receipts and Invoices

[April 24, 2014]

Global Consulting Firm Invests $1.8 Million in Kofax Software to Automate the Processing of Expense Receipts and Invoices

IRVINE, Calif. --(Business Wire)--

Kofax® Limited (NASDAQ:KFX)(LSE:KFX), a leading provider of smart process applications for the business critical First Mile™ of customer interactions, today announced that a global consulting firm providing audit, tax, and other advisory services has licensed Kofax Capture, Kofax Transformation Modules™ and Kofax Analytics for Capture™ to deliver best in class scalability and reliability while integrating seamlessly with its existing SAP (News - Alert) system to process and analyze more than 85 million expense receipts, invoices and related documents per year.

The sale was comprised of approximately $1.5 million in software license revenue and $300,000 in maintenance services, and closed during the quarter ended March 31, 2014.

Kofax Capture provides industry leading scan-to-archive capabilities by scanning documents and forms to create digital images, extracting index data for retrieval purposes and delivering the images and associated data to a variety of repositories and applications. This can significantly reduce retrieval costs while improving regulatory and compliance efforts. Whether from a home office, remote branch or back office data center, Kofax Capture's flexibility and scalability enable customers to define where and how images are captured and indexed.


Kofax Transformation Modules add document classification, page separation, data extraction and validation capabilities to Kofax Capture to drive robust capture-to-process applications. By automating what were previously labor intensive, error prone and time consuming tasks, administrators can significantly reduce labor costs, improve information quality and accelerate business processes.

Kofax Analytics for Capture provides intelligent dashboards for increasing the effectiveness of Kofax capture software. It delivers interactive process intelligence and views into system performance, accuracy and productivity to better enable administrators to improve efficiencies and system throughput.

About Kofax

Kofax is a leading provider of smart process applications for the business critical First Mile of customer interactions. These begin with an organization's systems of engagement, which generate real time, information intensive communications from customers, and provide an essential connection to their systems of record, which are typically large scale, rigid enterprise applications and repositories not easily adapted to more contemporary technology. Success in the First Mile can dramatically improve an organization's customer experience and greatly reduce operating costs, thus driving increased competitiveness, growth and profitability. Kofax software and solutions provide a rapid return on investment to more than 20,000 customers in financial services, insurance, government, healthcare, business process outsourcing and other markets. Kofax delivers these through its own sales and service organization, and a global network of more than 800 authorized partners in more than 75 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit kofax.com.

© 2014 Kofax Limited. Kofax is a registered trademark and First Mile, Kofax Transformation Modules and Kofax Analytics for Capture are trademarks of Kofax Limited.

Source (News - Alert): Kofax


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