Kofax Revolutionizes the Digital Mailroom with Increased Capabilities and Process Analytics

IRVINE, Calif.--(BUSINESS WIRE)--Kofax^® plc (LSE: KFX), a leading provider of Capture Enabled BPM™ (business process management) solutions, today launched Kofax Mailroom Automation. It is the first digital mailroom solution to provide complete visibility into incoming documents and information via process analytics and visualization dashboards that enable organizations to track, review and modify information at any point in the business process. Critical customer-facing and other applications can now be closely monitored for better control, resulting in accelerated processing, increased responsiveness and a better customer experience.

“Offering this solution to our customers will help them further accelerate business processes and improve their bottom line.”

“As a leading provider of solutions in the outsourcing of strategic business processes and comprehensive document processing services, Swiss Post Solutions (SPS) supports companies transitioning to digitalization. The new Kofax Mailroom Automation solution is a great fit for SPS, given that our customers have a need for complete visibility and control,” commented Alex Valkenberg, chief executive officer, Production Services at Swiss Post Solutions. “Offering this solution to our customers will help them further accelerate business processes and improve their bottom line.”

Holly Muscolino, research director, Hardcopy Peripherals at IDC, stated in the IDC Workbook: Assessing Stakeholder Engagement for Effectiveness and Efficiency, “An organization must put into place a system of engagement that directs interactions between the stakeholder and the company, and the system must be directly integrated with critical business process. The system must enable the organization to accurately extract critical data from documents with minimal or no stakeholder intervention. It must be able to consistently perfect documents and data before they are entered into the appropriate systems of record for high-value (and high-cost) decision-making processes.”

Automated digital mailrooms are used in a wide variety of industries, such as banking, insurance, government, and business process outsourcing (BPO). BPOs, third-party firms whose services include the secure management of critical business functions such as invoice processing and image based document storage, use these to ingest and process incoming mail for their customers. Documents in paper or electronic formats are first captured, digitally classified and separated, and then data is extracted according to business rules established by the customer. The extracted information is then validated to ensure its accuracy and validity before being distributed to customer workflows and processes.

For example, an insured driver can initiate a claim process by submitting the related documents to their automobile insurance provider. These may actually be received by a BPO providing outsourced mailroom processing for the insurer. The documentation is then captured and processed. If any of the documents or information therein is missing, Kofax Mailroom Automation automatically alerts the insured to submit the required information, which can be accomplished on paper or via fax, email, Kofax Web Capture or Kofax Mobile Capture. A line-of-business employee, such as a claims adjustor, is also alerted to the missing content to assist in resolving any discrepancies. These capabilities provide visibility into the status of the claims process from the moment a claim form is submitted at the Point of Origination™ until it is passed to a claim adjudication and payment system for final resolution. The customer and claims adjustor have increased control over the process, an increased ability to collaborate in resolving exceptions, and a clearer idea of when the claim will be resolved for better customer service.

“Automated mailrooms can deliver an ROI in less than 18 months by eliminating a significant portion of the manual labor costs associated with normal mailroom processes,” said Martyn Christian, chief marketing officer at Kofax. “Kofax Mailroom Automation transforms the traditional digital mailroom by combining BPM, dynamic case management, process analytics and visualization dashboards with our proven, industry-leading capture solutions to provide organizations with the most scalable, flexible, accurate and secure mailroom capabilities.”

About Kofax

Kofax^® plc (LSE: KFX) is a leading provider of Capture Enabled BPM^TM 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 better grow their businesses. Kofax 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 solutions 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.