Global Express Delivery Firm Invests More Than $700,000 in Kofax Solutions
June 17 2014 - 3:00AM
Business Wire
Shipper Automates and Centralizes Capture
Processes to Improve Operational Efficiency
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 express
delivery firm has invested an additional $736,000 in Kofax
Capture™, Kofax Transformation Modules™ and Kofax VirtualReScan®
(VRS) as part of its business transformation initiative. The
customer’s objective is to create a shared capture services
platform, eliminating manual and time consuming information capture
processes at more than 800 widely distributed depot locations.
The customer, which ships hundreds of millions of parcels each
year, uses Kofax solutions to automate the capture of customs
clearance documents, sales contracts, proof of delivery and rate
relationship documents. It will now further improve cost
efficiencies by centralizing capture services.
“Business transformation is frequently driven by the need to
remain competitive in a fast-changing world,” commented Howard
Dratler, Executive Vice President of Field Operations at Kofax.
“Kofax has helped more than 20,000 organizations transform their
operations by automating the capture and processing of business
critical documents while ensuring regulatory compliance and
internal governance. This customer recognizes the enormous benefits
and ROI that can be derived from working with the market
leader.”
The sale, which was an expansion of the customer’s existing
Kofax implementation, consisted of $625,000 in software license
revenue and $113,000 in support and professional services. It
closed during the current fiscal quarter.
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 add document classification, page
separation, data extraction and validation capabilities to Kofax
Capture to drive robust capture-to-process applications.
Kofax VRS improves scanning productivity by reducing the time
involved in manual document preparation and automatically enhancing
the quality of scanned images. Kofax VRS automatically analyzes the
content of each scanned document and corrects the image orientation
on the fly.
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 and Kofax VirtualRescan are
registered trademarks and First Mile, Kofax Capture and Kofax
Transformation Modules 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 Consulting, Sophie
McMillan+44 (0) 20 7831 3113kofax@fticonsulting.com
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