IRVINE, Calif., May 28, 2013 (BUSINESS WIRE) -- Kofax(R) plc /quotes/zigman/388816 UK:KFX +0.15% , a leading provider of smart process applications for the business critical First Mile(TM) of customer interactions, today announced that one of the largest financial services corporations in the world has invested more than $4.6 million for software, maintenance and professional services with Kofax to automate its wholesale lockbox banking operation, which provides remittance processing services to its customers.
The firm will use the solution to transform and simplify its mailroom, remittance and exception resolution processes while improving its customer service levels and lowering costs. The solution includes Kofax Digital Mailroom, Kofax Capture(TM), Kofax Transformation Modules(TM), and Kofax TotalAgility(TM). It will process more than three billion documents per year, scanning the envelopes and documents, automatically separating, classifying and extracting remittance advice and check data, accelerating deposits and improving process agility.
"Imagine the risk associated with handling billions of checks and related financial documents a year," said Howard Dratler, Executive Vice President of Field Operations at Kofax. "Speed and accuracy are paramount. Kofax has a track record of helping many of the world's leading financial institutions optimize accuracy while accelerating business processes, resulting in a better customer experience and business growth."
For additional information, please contact Kofax online or at +1-949-727-1733.
About Kofax
Kofax(R) plc /quotes/zigman/388816 UK:KFX +0.15% is a leading provider of innovative smart capture and process automation software and solutions for the business critical First Mile(TM) 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(TM) 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 banking, 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.
(C) 2013 Kofax, plc. "Kofax" is a registered trademark and "First Mile" and "Kofax TotalAgility" are trademarks of Kofax, plc.
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SOURCE: Kofax plc
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