|[July 30, 2014]
Global Engineering Firm Invests More Than $700,000 in a Kofax Accounts Payable Automation Solution
IRVINE, Calif. --(Business Wire)--
Kofax® Limited (NASDAQ and LSE: KFX), a leading provider of smart
process applications for the business critical First Mile™ of customer
interactions, today announced that a leading global engineering firm
based in Europe is now using Kofax
Transformation ModulesTM, Kofax
e-TransactionsTM and Kofax
Analytics for CaptureTM to automate the capture and
processing of invoices and provide advanced analytics to monitor and
meet internal key performance indicators (KPIs).
By deploying the Kofax solution, the organization was abl to bring
invoice processing in-house to better manage and control costs, improve
the quality and security of the data captured, and reduce processing
times. The customer estimates it will achieve a 25% cost savings by not
"Outsourcing business processes such as accounts payable can be cost
effective if the outsourcer is using a highly scalable, accurate and
automated solution like we provide," commented Howard Dratler, Executive
Vice President of Field Operations at Kofax. "In this case, the customer
found the benefits of using Kofax in-house far outweighed those of the
outsourced service. The engineering firm, which has over 100,000
employees, is now looking to expand its Kofax solution with mobile
expense claims capabilities."
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.
Kofax Transformation Modules (KTM) is a set of add-on applications for
Kofax Capture that streamline the transformation of different document
types into structured electronic information, ready for delivery into
business systems and processes.
Kofax e-Transactions is an add-on application for Kofax Transformation
Modules that automates the electronic delivery of documents to a
business process via secure email, removing the need for printing,
mailing, scanning and data entry.
Kofax Analytics for Capture provides optimized out-of-the-box dashboards
that elevate visibility into the effectiveness of a capture solution.
The sale, which closed during the fourth quarter of fiscal year 2014,
consisted of more than $500,000 in software license revenue and almost
$200,000 in maintenance and professional services fees.
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 Capture, Kofax Transformation Modules, Kofax e-Transactions and
Kofax Analytics for Capture are trademarks of Kofax Limited.
Source (News - Alert): Kofax
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