Leading Multinational Conglomerate Invests $775,000 in Kofax AP Automation Solution

Software Will Provide Better Efficiency, Control, Visibility and Cash Management

IRVINE, Calif.--()--Kofax® Limited (NASDAQ: KFX) (LSE: KFX), a leading provider of smart process applications for the business critical First Mile™ of customer interactions, today announced that a leading U.S. based multinational conglomerate has invested more than $775,000 for Kofax AP Agility™ and Kofax Altosoft Insight™ to automate end-to-end accounts payable operations in a complex, multi-ERP, multi-language and multi-currency environment.

The Kofax solution provides industry leading multichannel capture, process management, invoice, purchase order and receiving matching and exception resolution, vendor collaboration and other capabilities to streamline AP operations. It also provides end-to-end process intelligence and secure integration with the company’s many different ERP systems. Kofax was selected as part of a major corporate initiative to consolidate all AP operations across the organization.

“For this customer, the Kofax solution automates processes in a highly diversified environment with many disparate ERP systems, which is a great fit for Kofax AP Agility,” commented Howard Dratler, Executive Vice President of Field Operations at Kofax. “The Kofax solution is transforming inflexible, slow moving operations into agile, intelligent processes.

Kofax AP Agility™ is a flexible, fully integrated smart process application that automates end-to-end AP operations to provide better visibility, control, efficiency and cash management. The solution provides industry-leading information capture, automates invoice processing and data entry.

Kofax Altosoft Insight™ features rapid, no-coding development of near real-time reporting and dashboard applications. It provides real-time, extremely low latency process and data analytics, visualization and ETL (extract, transform, load) capabilities for data and process analytics.

The sale closed in the first quarter of Kofax’s fiscal year 2015 and included approximately $330,000 in software license revenue and $445,000 in professional services and maintenance.

About Kofax

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 trademarks and First Mile, Kofax AP Agility and Kofax AltoSoft Insight are trademarks of Kofax Limited.

Source: Kofax

Contacts

Kofax Limited
Media Contact:
Laura Brandlin
Director, Communications
+1 (949) 783-1545
laura.brandlin@kofax.com
or
Investor Contacts:
MKR Group Inc.
Todd Kehrli, +1 (323) 468-2300
kfx@mkr-group.com
or
FTI Consulting
Chris Lane, +44 (0) 20 3727 1000
kofax@fticonsulting.com

Contacts

Kofax Limited
Media Contact:
Laura Brandlin
Director, Communications
+1 (949) 783-1545
laura.brandlin@kofax.com
or
Investor Contacts:
MKR Group Inc.
Todd Kehrli, +1 (323) 468-2300
kfx@mkr-group.com
or
FTI Consulting
Chris Lane, +44 (0) 20 3727 1000
kofax@fticonsulting.com