Prepress

Kofax to Provide Global Technology Firm with an Invoice Processing Solution

Thursday 10. February 2011 - Software to Automate the Processing of Four Million Documents Annually

Kofax plc (LSE: KFX), the leading provider of document driven business process automation solutions, today announced it will provide an enterprise capture solution to a leading global technology firm. The value of the contract to Kofax exceeds $200,000.
The customer, a manufacturer of safety, security and energy products and services, will implement Kofax Capture and Kofax Transformation Modules to scan and capture four million invoices and related accounts payable documents it receives annually. In addition, the customer will implement Kofax Communication Server to deploy a Fax-over-IP (FoIP) system as part of its accounts payable infrastructure for routing documents to a repository for efficient, secure access by employees. The Kofax software will enable the customer to accelerate its invoice payment process, increase productivity and reduce costs associated with manual tasks.
“Our solutions provide a compelling value for customers seeking to automate their financial processes,” said Alan Kerr, Executive Vice President of Field Operations at Kofax. “Automating invoice processing and accounts payable functions provides better cash flow management and improved financial operations across the enterprise, ultimately generating a rapid, measurable return on investment.”
Kofax Capture accelerates business processes by scanning documents and forms, transforming them into accurate, retrievable digital information, and delivering the images and associated data into business process applications, databases and content management systems. Kofax Capture is flexible and scalable, enabling customers to define where and how documents are captured, whether in a home office, remote branch or data center.
Kofax Transformation Modules (KTM) automates document classification, information extraction and validation for large and medium enterprises facing manual, error prone or expensive process for managing large volumes of paper and electronic documents. Using intelligent recognition technology, KTM increases speed, reduces costs and increases visibility to accurately extract the most information from all types of documents and deliver rapid ROI.
Kofax Communication Server (KCS) enables the automated exchange of business critical information, linking devices such as MFPs, fax and phone systems, media types including email, FoIP, SMS, MMS, voicemail and telex, and applications such as ERP, CRM systems and Kofax Capture.