Kofax Signs $4.4M Enterprise License Agreement With Major North American Financial Services Firm
Kofax plc, the leading provider of document driven business process automation solutions, today announced that during April it signed a $4.4M enterprise license agreement for its document capture software with a major financial services firm based in North America. The agreement includes $3.8M of software licenses and is the largest software license sale in the company's history.
The financial services firm will leverage a comprehensive set of Kofax software products and solutions, including Kofax Capture, Kofax Transformation Modules, Kofax Monitor and Kofax Communications Server, to scan and extract data from well over 100 million customer inquiries, mortgage, loan and new account applications and other documents it receives annually. The resulting images and data will be exported into the firm's business process management (BPM) system and archived into its enterprise content management (ECM) repository. The overall solution is expected to accelerate the firm's document processes, reduce costs and increase customer satisfaction.
"Global financial services firms which rely on paper intensive transactional processes are focusing their IT investments on streamlining these mission critical operations throughout their enterprises," said Alan Kerr, Executive Vice President of Field Operations at Kofax. "This significant sale demonstrates the power and value of Kofax solutions to transform cumbersome, paper based processes into an automated system that is fast, accurate, and able to deliver verifiable ROI within twelve months."
About Kofax
Kofax plc is the leading provider of document driven business process automation solutions. For more than 20 years, Kofax has provided award-winning solutions that streamline the flow of information throughout an organization by managing the capture, transformation and exchange of business critical information arising in paper, fax and electronic formats in a more accurate, timely and cost effective manner. These solutions provide a rapid return on investment to thousands of customers in financial services, government, business process outsourcing, healthcare, supply chain and other markets. Kofax delivers these solutions through its own sales and service organizations, and a global network of more than 1000 authorized partners in more than 60 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit www.kofax.com.
SOURCE: Kofax