Prepress
Kofax Provides One of Europes Largest Financial Services Firms with a Document Capture Solution
Tuesday 21. July 2009 - System Will Capture Data and Images from More Than 2 Million Medical Insurance Documents Annually
Kofax plc (LSE: KFX), the leading provider of Intelligent Capture & Exchange solutions, today announced it will provide one of Europes largest financial services firms, serving thousands of retail, corporate and investment banking and insurance customers worldwide, with a document capture solution. The value of the contract to Kofax is more than $350,000.
The organization will use Kofax software to capture, classify, extract and perfect data from more than 2 million medical insurance documents, including medical records, clinical trial results, customer claims and contracts, received annually within its insurance division. The resulting data and images will then be exported into an IBM Content Management system for archive purposes. As a result, the organization will significantly reduce manual processing tasks and realize cost savings through improved operational efficiency, increased data accuracy and better customer service.
“Global financial services firms, which have such paper-intensive services as healthcare insurance, must deliver operational efficiency and ROI at every level of their organization in order to improve customer service and maintain their competitive advantage,” said Alan Kerr, Executive Vice President of Field Operations at Kofax. “This sale demonstrates the power and value of Kofax solutions to transform a cumbersome, paper-based process into an automated system that is fast, efficient, accurate and able to deliver an ROI within a matter of months.”