Customers Grow Their Businesses With Kofax Capture Enabled BPM Solutions
Software Streamlines Operations, Reduces Costs and Improves Customer Service
IRVINE, Calif. -- January 29, 2013
Kofax^® plc (LSE: KFX), a leading provider of Capture Enabled BPM™ (business
process management) solutions announced that three customers have invested
more than $1 million in total to streamline operations, reduce costs and
improve customer service using Kofax capture enabled BPM solutions.
Fred Loya Insurance, based in El Paso, Texas, is among the fastest growing
automotive insurers in the U.S. Fred Loya will work with Kofax partner iBridge
Group, Inc. (www.ibridgegroup.com) to implement Kofax TotalAgility, Kofax
Capture™ and Kofax Transformation Modules™ as its accounts payable (AP)
automation solution. The solution will automatically capture and perfect
critical information from more than 120,000 paper and electronic invoices
annually, and deliver relevant content to an ERP system, replacing manual
input and processes.
“The AP processes at Fred Loya Insurance were principally manual, and we
realized that in order to maintain our competitive advantage, we needed to
streamline,” said Joe Ramirez, chief financial officer at Fred Loya Insurance.
“The Kofax capture enabled BPM solution has given us a unified solution for AP
automation that speeds our processes and reduces our operational costs.”
Other recent orders include:
*A major global provider of corporate credit cards will use Kofax
TotalAgility, Kofax Capture, Kofax Transformation Modules and Kofax
e-Transactions™ to reduce its new customer onboarding process from three
to six months to only eight to 12 days.
*A leading oil exploration and production company will use Kofax
TotalAgility, Kofax Capture and Kofax Transformation Modules to automate
manual processes and optimize cash management with a Kofax AP automation
In the November 2012 Gartner report, “Use BPM to Drive Revenue, Not Just
Efficiency,” analysts Bruce Robertson and Samantha Searle observed: “The
easiest path to greater revenue has been to engineer processes so well, and to
make business operations so excellent, that the business is transformed into a
service provider generating significant revenue. Many businesses are
considering this strategy — both as providers and consumers of services.”
“As more organizations focus on achieving operational gains and improving the
customer experience, they’re choosing to leverage the power of information
capture within their critical business processes such as customer onboarding
and accounts payable,” said Howard Dratler, executive vice president of Field
Operations at Kofax. “Kofax TotalAgility has gained wide adoption across
several industries for its ability to better automate, manage workflow and
increase visibility into operational performance to deliver significant time
and cost savings.”
Kofax TotalAgility™ provides a BPM and Dynamic Case Management solution that
enables greater organizational agility through better management of processes.
More efficient, flexible and better executed business processes mean lower
costs plus greater and earlier ROI for the organization. TotalAgility provides
capabilities for process design, automation, simulation, workflow control for
managing human tasks, integration tools for linking business applications
(ECM, CRM, Email) to processes and business rules.
Kofax Capture™ (KC) 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 branch or
back office data center.
Kofax Transformation Modules™ (KTM) 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.
Kofax^® plc (LSE: KFX) is a leading provider of Capture Enabled BPM™
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.
© 2013 Kofax, plc. “Kofax” is a registered trademark and “Capture Enabled
BPM,” “Kofax TotalAgility,” “Kofax Capture,” Kofax Transformation Modules” and
“Kofax e-Transactions” are trademarks of Kofax, plc.
Colleen Edwards, +1-949-783-1582
Vice President, Corporate Communications
MKR Group, Inc.
Charles Messman or Todd Kehrli
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