IRVINE, Calif.--(BUSINESS WIRE)--Kofax® Limited (NASDAQ: KFX)(LSE: KFX), a leading provider of smart process applications for the business critical First Mile™ of customer interactions, today announced a major global wealth and asset management company headquartered in Western Europe has invested more than $4 million in a Kofax smart process application. The company selected Kofax TotalAgility 7.0 and Kofax Analytics to capture, classify, process, act upon and analyze more than 20 million financial documents received from customers each year.
The financial services company’s existing system was outdated, inefficient and unreliable. It required a significant upgrade to a smart process application that could process new account forms and other documents in multiple languages and apply business rules in a consistent manner to ensure both internal governance and external regulatory requirements. The company evaluated solutions from multiple providers and selected Kofax because of its smart process application development and deployment platform and track record for saving time, reducing costs, increasing efficiency and boosting productivity.
The sale was comprised of approximately $1.25 million of software licenses and approximately $2.75 million of maintenance, professional services and training. The transaction was closed during the quarter ended December 31 and delivered in January.
“This high profile company manages a massive amount of critical financial information for its customers. It needed an all-encompassing solution to meet its processing needs while providing touchless processing and a very user-friendly interface,” said Howard Dratler, Executive Vice President of Field Operations at Kofax. “Kofax TotalAgility 7.0 is a new and incredibly advanced all-in-one platform that will help the company make the First Mile of business smarter and more efficient for its customers. It delivers a reliable, high performance smart process application platform that can be deployed on a worldwide basis and scale.”
About Kofax TotalAgility 7.0
Kofax TotalAgility™ 7.0 is the world’s first unified smart process application development and deployment platform. It combines mobility, information capture, process management, data integration and analytics to simplify and streamline building SPAs. Without needing to modify any systems of record, any organization can design process, develop and deploy applications—all on a single platform for lower TCO and faster time to market.
About Kofax Analytics
Kofax Analytics provides optimized out-of-the-box dashboards that elevate the visibility into the effectiveness of a smart process application. It delivers interactive views into system performance, accuracy and productivity to better enable administrators to report on the effectiveness of their solution and improve overall system throughput.
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 is a trademark of Kofax Limited.