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 large Australian bank has chosen
Kofax software to automate the processing of mortgage applications and
ancillary documents, and to redact credit card numbers from bank
statements to meet Payment Card Industry Data Security Standard (PCI
DSS) requirements. The software includes Kofax Capture™, Kofax
Transformation Modules™, Kofax Import ConnectorTM and Kofax
Analytics for Capture™.
"We worked closely with a Kofax partner to transform and automate the
information intensive processes at this regional bank, which previously
relied upon time consuming and expensive manual labor," said Howard
Dratler, Executive Vice President of Field Operations at Kofax. "The
bank has benefited from significantly reduced labor costs, improved
customer responsiveness, PCI DSS compliance, and actionable insights
stemming from our analytics and visualization capabilities. This lender
has truly made its First Mile smarter."
The sale included approximately $1 million in software license revenue
and over $200,000 in maintenance and other services fees. It closed
during the fourth quarterof Kofax's fiscal year ended June 30, 2014.
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 is a set of Kofax Capture add-ons that
automate the classification and data extraction of different document
types, transforming them into structured electronic information, ready
for delivery into business systems and processes.
Kofax Import Connector works with Kofax Capture to capture email, fax
and other documents received in file shares or through web services as
soon as they enter the organization.
Kofax Analytics for Capture provides optimized out-of-the-box dashboards
that elevate visibility into the effectiveness of a capture solution.
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 is a registered trademark and First Mile,
Kofax Capture, Kofax Transformation Modules, Kofax Import Connector and
Kofax Analytics for Capture are trademarks of Kofax Limited.
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