Major Global Wealth and Asset Manager in Europe Invests More Than $4 Million in a Kofax Solution
February 26 2014 - 3:00AM
Business Wire
Company Selects Kofax TotalAgility 7.0 and
Kofax Analytics to Handle 20 Million Financial Documents per
Year
Kofax® Limited (NASDAQ: KFX)(LSE: KFX), a leading provider
of smart process applications for the business critical First Mile™
of customer interactions, today announced a major global wealth and
asset management company headquartered in Western Europe has
invested more than $4 million in a Kofax smart process application.
The company selected Kofax TotalAgility 7.0 and Kofax Analytics to
capture, classify, process, act upon and analyze more than 20
million financial documents received from customers each year.
The financial services company’s existing system was outdated,
inefficient and unreliable. It required a significant upgrade to a
smart process application that could process new account forms and
other documents in multiple languages and apply business rules in a
consistent manner to ensure both internal governance and external
regulatory requirements. The company evaluated solutions from
multiple providers and selected Kofax because of its smart process
application development and deployment platform and track record
for saving time, reducing costs, increasing efficiency and boosting
productivity.
The sale was comprised of approximately $1.25 million of
software licenses and approximately $2.75 million of maintenance,
professional services and training. The transaction was closed
during the quarter ended December 31 and delivered in January.
“This high profile company manages a massive amount of critical
financial information for its customers. It needed an
all-encompassing solution to meet its processing needs while
providing touchless processing and a very user-friendly interface,”
said Howard Dratler, Executive Vice President of Field Operations
at Kofax. “Kofax TotalAgility 7.0 is a new and incredibly advanced
all-in-one platform that will help the company make the First Mile
of business smarter and more efficient for its customers. It
delivers a reliable, high performance smart process application
platform that can be deployed on a worldwide basis and scale.”
About Kofax TotalAgility 7.0
Kofax TotalAgility™ 7.0 is the world’s first unified smart
process application development and deployment platform. It
combines mobility, information capture, process management, data
integration and analytics to simplify and streamline building SPAs.
Without needing to modify any systems of record, any organization
can design process, develop and deploy applications—all on a single
platform for lower TCO and faster time to market.
About Kofax Analytics
Kofax Analytics provides optimized out-of-the-box dashboards
that elevate the visibility into the effectiveness of a smart
process application. It delivers interactive views into system
performance, accuracy and productivity to better enable
administrators to report on the effectiveness of their solution and
improve overall 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 is a trademark 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 7831 3113kofax@fticonsulting.com
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