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
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, poof of delivery and rate relationship
documents. It will now further improve cost efficiencies by centralizing
"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
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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