Global Industrial Products Installation & Maintenance Service Provider Selects Kofax Mobile Capture Platform to Optimize Expe...
May 28 2014 - 3:00AM
Business Wire
Solution Enables Employees to Easily Submit
Expense Receipts via Mobile Devices
Kofax® Limited (NASDAQ:KFX) (LSE:KFX), a leading provider
of smart process applications for the business critical First
MileTM of customer interactions, today announced that a global
industrial products installation and maintenance service provider
has selected Kofax Mobile CaptureTM Platform to capture, submit and
process employee expense receipts via mobile devices.
The service provider, a subsidiary of a Global 100 company, is
using Kofax Mobile Capture Platform to ensure its global field team
can capture high quality expense receipt images in a timely manner
by using the camera on their mobile devices. The solution
automatically compresses images into small file sizes that are more
efficient for transmission, submission, processing and archive
purposes. The customer estimates that 1,500 employees will use the
solution to improve productivity, giving them the ability to submit
expense receipts any time of day from anywhere in the world.
According to the research report Travel and Expense Management
20141 by PayStream Advisors, mobile capture is the most used
feature of an automated expense management system. In addition, the
report states, “One finding that should be of particular interest
to organizations with a high level of employee mobility … the
difference between processing fully automated and manual reports
was calculated to be $12.58. Considering close to 10% of
respondents also reported processing more than 5,000 expense
reports per month – this can be a six-figure difference in costs
and therefore, a huge opportunity for savings.”
“Good corporate stewardship requires a continuous, proactive
search for ways to improve operational efficiency and achieve cost
savings,” said Howard Dratler, Executive Vice President of Field
Operations at Kofax. “By using Kofax Mobile Capture Platform, this
service provider can free its field personnel from tedious manual
expense reporting, allowing them to focus more time on customers
and growing revenues.”
Kofax Mobile Capture Platform turns smartphones into information
capture devices with more dynamic apps that meet users where they
are, when they want to be engaged and on their preferred channel.
With Kofax Mobile Capture Platform, organizations can improve and
accelerate transactions across all lines of business while driving
greater revenue.
The sale was comprised of approximately $250,000 in software
license revenue, $45,000 in maintenance services and $45,000 in
professional services and closed in the quarter ending March 31,
2014.
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.
1 Travel and Expense Management 2014, Technology Insight Report,
© PayStream Advisors
© 2014 Kofax Limited. Kofax is a registered trademark and First
Mile and Mobile Capture are trademarks of Kofax Limited.
Source: Kofax
Media Contact:Kofax LimitedColleen EdwardsVice President,
Corporate Communications+1 (949)
783-1582colleen.edwards@kofax.comorInvestor Contacts:MKR
Group Inc.Todd Kehrli+1 (323) 468-2300kfx@mkr-group.comorFTI
ConsultingSophie McMillan+44 (0) 20 3727
1000kofax@fticonsulting.com
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