Global Consulting Firm Invests $1.8 Million in Kofax Software to Automate the Processing of Expense Receipts and Invoices
April 24 2014 - 3:00AM
Business Wire
Solution Delivers Best in Class Scalability,
Reliability and Integration with Customer’s SAP System
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 Capture, Kofax Transformation Modules™ and Kofax Analytics
for Capture™ to deliver best in class scalability and reliability
while integrating seamlessly with its existing SAP 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.
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. 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.
Kofax 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.
Kofax 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.
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, Kofax Transformation Modules and Kofax Analytics for 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 7831 3113kofax@fticonsulting.com
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