|By Business Wire||
|June 17, 2014 03:06 AM EDT||
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.
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.
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