Leading Construction and Engineering Company in North America Invests More Than $700,000 in a Kofax AP Automation Solution
December 23 2013 - 3:00AM
Business Wire
MarkView® for AP Software Automates Accounts
Payable Operations to Increase Productivity and Efficiency While
Reducing Costs
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 leading construction
and engineering company in North America has invested more than
$700,000 in Kofax MarkView for AP software to automate its accounts
payable operations and seamlessly integrate with its Oracle ERP
system.
The company will use MarkView to automatically process at least
120,000 invoices per year with the potential to increase that
volume to one million invoices per year. The company’s goal in
implementing the solution is to dramatically reduce manual labor
costs while increasing productivity and efficiency throughout its
accounts payable process.
“This customer recently made a substantial investment in its ERP
system and was looking for a smart process application that would
quickly and easily help maximize the return on that investment,”
said Howard Dratler, Executive Vice President of Field Operations
at Kofax. “The company was thorough in its evaluation of various
software providers and ultimately chose Kofax because of our market
leading position and the fact that our solutions outperform
competitive offerings.”
Kofax MarkView for AP is a comprehensive, capture-enabled
financial process automation application for accounts payable and
other functions. It automates the receipt and capture of paper and
electronic invoices, performs data extraction and perfection, and
manages workflows for routing transactions through exception
handling and approval processes, significantly reducing cycle times
and costs while optimizing process control and cash flow
management.
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 banking, 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.
©2013 Kofax Limited. Kofax and MarkView are
registered trademarks and First Mile is a trademark of Kofax
Limited.
Source: Kofax
Media Contact:KofaxColleen 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 / Elodie Castagna+44 (0) 20 7831
3113kofax@fticonsulting.com
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