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Kofax Automates Accounts Payable Processes for Major Global Agricultural Products Manufacturer



  Kofax Automates Accounts Payable Processes for Major Global Agricultural
  Products Manufacturer

 Kofax Selected for its Ability to Tightly Integrate with Market Leading ERP
                                   Systems

Business Wire

IRVINE, Calif. -- February 20, 2013

Kofax^® plc (LSE: KFX), a leading provider of smart process applications for
the business critical First Mile™ of customer interactions, announced that a
major global agricultural products manufacturer invested approximately $1
million in Kofax software and services to automate its accounts payable
processes.

The customer will use Kofax software to automate the processing of more than
300,000 invoices annually. A key requirement for the customer was the ability
to integrate with both SAP and IBM Maximo ERP systems. Kofax was selected for
a host of stand-out capabilities including: pre-built, real-time integration
with SAP; out-of-the-box best practice workflows; industry leading document
and data capture; advanced cash management analytics; and flexibility to
accommodate multiple ERP integrations.

The Hackett Group, a global strategic business advisory and operations
improvement consulting firm, stated in its white paper, The Case for Invoice
Capture: Transform Accounts Payable with These 5 Simple Truths, “The recent
development of enhanced invoice recognition and data capture solutions, such
as invoice capture, is a breakthrough in purchase to pay automation. Supplying
a 56 percent cost advantage over paper-based invoice processing, invoice
capture enables organizations to raise productivity, improve invoice match
rates, take more early-pay discounts and achieve greater spend visibility.”

“Hundreds of global companies have entrusted their invoice and AP automation
needs to Kofax,” said Howard Dratler, executive vice president of Field
Operations at Kofax. “Our solutions help customers streamline operations,
increase productivity, and achieve best-in-class AP performance.”

Kofax MarkView for AP provides industry-leading information capture and
automates invoice processing and data entry. It includes best practice
workflows for discrepancy processing, resolution and accounting details as
well as real-time ERP integration, a self-service supplier portal and an AP
process optimization dashboard. The first and only application of its kind,
MarkView 8.0 now extends the solution with mobile capabilities for iPhone and
Android devices. Integration with Kofax Mobile Capture™ (KMC) enables users
inside and outside the enterprise gain secure access to information and
capabilities required for processing invoices with full AP process security
standards and speeds processing of invoices and receipts.

Kofax MarkView Advisor is the industry's first real time financial process
performance application that enables organizations to achieve world class
efficiency and effectiveness in their AP processing activity. Designed
specifically for finance executives, Kofax MarkView Advisor enables finance
managers to strategically manage and optimize finance processes by providing
an integrated perspective on AP operations — from comprehensive overviews to
detailed activities summaries — that synthesize both process and transactional
data. And, it combines real time process performance intelligence with the
ability to immediately intervene, when necessary, to resolve process issues
impacting departmental performance.

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, and 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 e-Transactions is an add-on application for Kofax Transformation Modules
that automates the electronic delivery of documents to a business process via
secure email, removing the need for printing, mailing, scanning and data
entry. Kofax e-Transactions allows enterprises to eliminate paper as quickly
as possible, potentially at its source, and provides the most cost effective
and easy-to-manage mechanism for on-ramping business-related content into a
business process as it is generated.

About Kofax

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,” “Kofax
MarkView Advisor,” “Kofax MarkView for AP,” “Kofax Capture,” “Kofax
Transformation Modules,” and “Kofax e-Transactions” are trademarks of Kofax,
plc.

Contact:

Media Contact:
Kofax^® plc
Colleen Edwards
Vice President, Corporate Communications
+1 (949) 783-1582
colleen.edwards@kofax.com
or
Investor Contact:
MKR Group, Inc.
Charles Messman or Todd Kehrli
+1 (323) 468-2300
kfx@mkr-group.com
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