Leading General Insurance and Asset Management Provider Invests More Than $700,000 in Kofax Software
12 November 2014 - 2:00PM
Business Wire
Increases Productivity, Enhances Claims
Processing Efficiency and Reduces Costs
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 provider of
general insurance and asset management solutions in Asia Pacific
has invested more than $700,000 for Kofax TotalAgility®, Kofax
Mobile Capture™ Platform, Kofax Web Capture™, Kofax Kapow™ and
Kofax Altosoft Insight™ with the goals of minimizing manual
processing of claim documents, increasing productivity and reducing
costs.
The Kofax solution streamlines the claim process by
intelligently enabling multichannel sorting, classifying and
routing by workflow so the company can better handle both
electronic and paper claim submissions and the capture of trailing
documents. Kofax was selected as part of a major corporate
initiative to transform processes associated with more
than 300,000 documents annually.
“Insurance claims processing can be extremely labor intensive,
error prone and fraught with latency,” commented Howard Dratler,
Executive Vice President of Field Operations at Kofax. “The Kofax
solution automates the claims process, enabling insurers to achieve
higher levels of straight through processing and provide a higher
level of service to their customers.”
Kofax TotalAgility is the first unified smart process
application development and deployment platform that includes
multichannel capture, business process and case management, data
integration, advanced analytics and mobility in a single platform.
TotalAgility provides an essential link between an organization's
systems of engagement and systems of record to help increase
responsiveness to customers, improve service levels and gain
competitive advantage in order to better manage and grow businesses
while greatly reducing operating costs.
Kofax Mobile Capture Platform enables organizations to create
dynamic mobile applications that integrate capture and process
management capabilities to streamline information intensive
customer interactions and extend self-service capabilities. It
turns mobile devices into information capture devices that deliver
more engaging applications that "meet customers where they are" in
the anywhere, anytime manner they increasingly prefer.
Kofax Web Capture is a comprehensive toolkit that “scan and
image enables” web applications. It enables organizations to extend
information capture beyond firewalls to customer facing
portals.
The Kofax Kapow integration and automation platform is the
fastest way to acquire, enhance, and deliver information to
enterprise applications. Information that was previously
unattainable, unusable, or costly to integrate becomes readily
consumable to drive productivity and add insight into the
decision-making process.
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 $373,000 in software license revenue and
$328,500 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 and TotalAgility are registered
trademarks and First Mile, Kofax Mobile Capture, Kofax Kapow and
Kofax AltoSoft Insight are trademarks of Kofax Limited.
Source: Kofax
Kofax LimitedMedia Contact:Laura BrandlinDirector,
Communications+1 (949)
783-1545laura.brandlin@kofax.comorInvestor Contacts:MKR
Group Inc.Todd Kehrli+1 (323) 468-2300kfx@mkr-group.comorFTI
ConsultingChris Lane+44 (0) 20 3727 1000kofax@fticonsulting.com
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