Software to Automate the Processing of 1 Million Documents Annually
Kofax plc (LSE:KFX), a leading provider of capture enabled business process management (BPM) solutions, today announced that a branch of the U.S. military has selected Kofax for its capture solution. The value of the contract to Kofax exceeds $300,000.
The customer will implement Kofax Capture, Kofax Transformation Modules, Kofax VRS Elite and Kofax Monitor to automate the capture and processing of 1 million personnel health forms, medical lab reports, EKG results and other medical documents it receives annually. The Kofax solution will enable the customer to route the resulting images and data to a Microsoft SharePoint application for easy access by employees.
"Kofax solutions enable government organizations to leverage the secure, automated, capture enabled processing of documents to reduce costs and paper, improve service and become more efficient," said Alan Kerr, Executive Vice President of Field Operations at Kofax.
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. This can significantly reduce retrieval costs while improving regulatory and compliance efforts. Kofax Capture is flexible and scalable, enabling customers to define where and how images are captured and indexed, whether in a home office, remote branch or back office data center.
Kofax Transformation Modules (KTM) adds document classification, page separation, data extraction and validation capabilities to Kofax Capture to drive robust capture-to-process applications. By automating what were previously labor intensive, error prone and time consuming tasks, Kofax Transformation Modules can significantly reduce labor costs, improve information quality and accelerate business processes.
Kofax VirtualReScan (VRS) Elite is Kofax's patented image enhancement and perfection software. Kofax VRS Elite reduces the time involved in manual document preparation and enhances the quality of scanned images, dramatically improving both manual scanning productivity and the efficiency of document capture processes. High quality images are critical as they can significantly impact the success of downstream data extraction and retrieval needs.
Kofax Monitor provides real time monitoring and performance capabilities to ensure the operational health of Kofax Capture, and advanced recognition and communication systems. It monitors the system's components, including scanners supporting Kofax VRS, and its business service viability, providing real time access to operational information so immediate corrective action is taken.
About Kofax
Kofax plc (LSE: KFX) is a leading provider of Capture Enabled BPMTM (business process management) solutions. These award winning solutions capture and streamline the flow of business critical information throughout an organization in a more accurate, timely and cost effective manner, enabling our customers to be more responsive to their constituents and gain competitive advantage. Kofax solutions provide a rapid return on investment to thousands of customers in banking, insurance, government, healthcare, business process outsourcing and other markets. Kofax delivers these solutions through its own sales and service organization, and a global network of more than 800 authorized partners in more than 70 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit kofax.com.
"Kofax," "Capture Enabled BPM" and "Point of Origination" are Kofax trademarks in the US, the EU and other regions. All other trademarks and registered trademarks are the property of their respective owners.
Contacts:
Kofax plc
Rebecca Mack, Public & Investor Relations Manager
+1-949-783-1292
rebecca.mack@kofax.com
