IRVINE, Calif., Aug 27, 2013 (BUSINESS WIRE) -- Kofax, a leading provider of smart process applications for the business critical First Mile(TM) of customer interactions, today announced that a US government agency selected Kofax software to capture and extract data from hundreds of millions of document pages each year. The sale, which was closed in early August, includes $4.1 million of software licenses and $3.5 million for four years of prepaid maintenance services, totaling $7.6 million and making it the single largest software sale in the company's history.
The agency is using Kofax Capture(TM) and Kofax Transformation Modules(TM) to capture and extract data from citizen benefit enrollment applications and related documents and export the resulting content into its systems of record. The solution enables the agency to dramatically reduce labor costs and improve service levels.
"The total volume of documents that this US government agency will capture is unprecedented and will result in enormous cost savings for the country," said Howard Dratler, Executive Vice President of Field Operations at Kofax. "Kofax was chosen for its industry-leading speed, consistency, precision and reliability, in addition to an outstanding track record of success."
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 branck or back office data center.
Kofax Transformation Modules 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.
For additional information, please contact Kofax online or by phone at +1-949-727-1733.
Kofax is a leading provider of innovative smart capture and process automation software and solutions for the business critical First Mile(TM) 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(TM) 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 banking, 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