Kofax Receives United States Patent for Determining Data Validity
Technology Reverse Matches Data Extracted from Documents with Systems of
Record; Ensures Accuracy and Validity
IRVINE, Calif. -- February 5, 2013
Kofax plc (LSE: KFX), a leading provider of smart process applications for the
business critical First Mile™ of customer interactions, today reported it has
been issued patent number 8,345,981 by the US Patent and Trademark Office. The
patent covers technology that determines the validity of data extracted from
documents by reverse matching the extracted data with information contained in
an organization’s systems of record, such as an ERP system, and corrects
erroneous or suspicious extracted data, thus ensuring its accuracy. This is
accomplished in a fully automated manner, which reduces manual, labor
intensive work and speeds processing. The technology was invented to address
the error-prone and process delaying challenges facing organizations with
large volumes of business transaction documents, including purchase orders,
invoices and receiving information.
“Transactional documents are mainly designed for human readability. They are
received in both paper and electronic formats and the layout and language
within the documents differ vastly between parties, which makes the reverse
matching capability extremely beneficial for ensuring accuracy and processing
speed,” stated Anthony Macciola, chief technology officer at Kofax. “The
technology embodied in this patent exemplifies Kofax's commitment to
continually innovate and develop smart solutions that drive business value to
The technology encompassed within this patent is currently being used within
Kofax Transformation Modules^TM for its ability to locate and match line items
within invoices used in accounts payable automation solutions. Potential
future applications of the patented technology could include, for example,
explanation of benefits (EOBs) forms.
Kofax has 18 issued US patents and 13 issued foreign patents relating to
digital image quality, data capture capabilities, and business process
technologies. It also has 37 patent applications pending worldwide.
Kofax plc (LSE: KFX) is a leading provider of innovative smart capture and
process automation software and solutions 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 a fluid bridge 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 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.
© 2013 Kofax, plc. “Kofax” is a registered trademark, and “First Mile” and
"Kofax Transformation Modules” are trademarks of Kofax, plc.
Vice President, Corporate Communications
MKR Group, Inc.
Charles Messman or Todd Kehrli
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