|[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
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.
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.
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.
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.
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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