Kofax Takes Industry’s Most Secure, Comprehensive AP Automation Solution Mobile

  Kofax Takes Industry’s Most Secure, Comprehensive AP Automation Solution

 MarkView 8.0 Accelerates Invoice and Receipt Processing with Mobile Devices

Business Wire

IRVINE, Calif. -- January 8, 2013

Kofax^® plc (LSE: KFX), a leading provider of Capture Enabled BPM™ (business
process management) solutions, today announced the launch of Kofax MarkView^®
for Accounts Payable 8.0, the first fully secure mobile solution for the
automated capture and processing of accounts payable (AP) information. Kofax
MarkView 8.0 significantly accelerates processes and optimizes cash management
by enabling customers to use the cameras in mobile devices such as smartphones
and tablets to capture, view, manage and approve information from receipts and
invoices from anywhere, at any time, within a secure chain-of-custody that
includes AP processes and workflows.

Kofax MarkView^® for Accounts Payable is a comprehensive, capture enabled
financial process automation application for AP and other functions. It
automates the receipt and capture of paper and electronic invoices, extracts
relevant data from that content, perfects it and then manages the information
into workflows for routing transactions through exception handling and
approval processes. Kofax MarkView leverages Kofax Mobile Capture, which
allows mobile devices to become viable tools for information capture and
automation solutions. It helps prevent fraud by providing complete
chain-of-custody assurances so that only authorized users can access and
submit content to relevant systems and processes. Once captured, an image
cannot be altered or tampered with and does not remain on the mobile device.

“Mobility … applications will change business processes radically over the
next five years,” stated Craig Le Clair and Alan Weintraub in the Forrester
Research, Inc report, The Forrester Wave™: Multichannel Capture, Q3 2012. “The
mobile device will initiate a high percentage of transactions and will be used
to complete the transaction in real time. Straight-through transactions
enhance user experience and improve process efficiency.”

“Kofax MarkView for Accounts Payable addresses the most critical accounting
functions facing organizations today – confirming, approving and paying
invoices,” said Martyn Christian, chief marketing officer at Kofax. “Secure
mobile functionality puts AP review and approval capabilities directly in the
hands of the user, wherever located, which significantly speeds processes and
provides better cash management. The benefits of a more timely and interactive
mobile AP solution are apparent and invaluable.”

About Kofax

Kofax^® plc (LSE: KFX) is a leading provider of Capture Enabled BPM^TM
solutions. These award winning solutions capture and streamline the flow of
business critical information throughout an organization in a more accurate,
timely and cost effective manner, enabling our customers to be more responsive
to their constituents and better grow their businesses. Kofax 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 solutions 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.

© 2012 Kofax, plc. “Kofax” and “MarkView” are registered trademarks and
“Capture Enabled BPM” is a trademark of Kofax, plc.


Kofax plc
Media Contact:
Kristin James
Public Relations Manager
+1 949-783-1434
Investor Contacts:
Rebecca Mack
Sr. Investor Relations Manager
+1 949-783-1292
MKR Group, Inc.
Charles Messman or Todd Kehrli
+1 323-468-2300
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