IRVINE, Calif. - (Business Wire) Kofax plc (LSE: KFX), the leading provider of document driven business process automation solutions, today announced it will provide a leading global business process outsourcing (BPO) provider with a document capture solution. The value of the contract to Kofax is in excess of $200,000. The India based organization provides BPO, IT consulting and other technology services around the globe and has chosen Kofax software to capture, classify and extract data from more than 2 million multi-page tax returns and related documents annually for its client, an international government agency. This includes the classification and extraction of data from eight different types of tax returns, many of which are received in a combination of printed and handwritten text. The resulting data and images will then be exported into the organization’s SQL Server and IBM FileNet repositories. The solution will decrease operating costs, increase productivity and improve data accuracy, leading to faster processing times and better compliance with regulatory and service level agreements with its client.
“BPO providers serving document centric government agencies in complex enterprise environments want solutions that enable faster, better and more accurate service levels for their clients,” said Alan Kerr, Executive Vice President of Field Operations at Kofax. “Automating high volume, paper intensive and data sensitive document processing improves productivity and generates a fast ROI for both BPO providers and their customers.”
About Kofax
Kofax plc (LSE: KFX) is the leading provider of document driven business process automation solutions. For more than 20 years, Kofax has provided award winning solutions that streamline the flow of information throughout an organization by managing the capture, transformation and exchange of business-critical information arising in paper, fax and electronic formats in a more accurate, timely and cost-effective manner. These solutions provide a rapid return on investment to thousands of customers in financial services, government, business process outsourcing, healthcare, supply chain and other markets. Kofax delivers these solutions through its own sales and service organizations, and a global network of more than 1000 authorized partners in more than 60 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit www.kofax.com.
“Kofax” is a registered trademark in the US, the EU and other countries. All other trademarks and registered trademarks belong to their respective owners.
Kofax plc
Investor Contact:
Stefan Gaiser, Chief Financial Officer
+49 (0) 761 45 269 193
stefan.gaiser@kofax.com
or
Media Contact:
Michael Troncale, Director, Corporate Communications
+1 949-783-1434
michael.troncale@kofax.com
