Global Security Services Company Selects Kofax to Automate Accounts Payable Operations in Latin America Business Wire IRVINE, Calif. -- April 22, 2013 Kofax^® plc (LSE: KFX), a leading provider of smart process applications for the business critical First Mile™ of customer interactions, today announced that a global security services company has invested almost $700,000 to automate and streamline its accounts payable (AP) operations throughout Latin America. The US-based organization is using Kofax’s market leading Capture, Transformation Modules and MarkView™ software for its comprehensive accounts payable automation solution to automatically capture, extract and process data from 600,000 invoices and vendor tax documents annually. Kofax was selected for its ability to provide the visibility needed to manage and control the invoice approval process while reducing labor and processing costs. A May 2012 Aberdeen report, AP Invoice Management in a Networked Economy, stated that “The top two pressures driving interest in AP improvement were lack of visibility into invoices and documents and corporate directives to lower costs. Invoice management in a networked economy focuses on the connections that enable collaboration between trading partners. These connections offer supplier visibility to the status of outstanding invoices, and support dynamic discounting arrangements… to lower costs.” “Hundreds of major organizations have adopted Kofax accounts payable automation solutions because of their proven ability to capture and automate invoice processing and data entry,” commented Howard Dratler, Executive Vice President, Field Operations at Kofax. “MarkView provides the tightest integration with leading ERP systems, enabling this global security services organization to centralize and process invoices from multiple countries into one shared service center.” 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 an essential connection 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 financial services, 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” is a trademark of Kofax, plc. Contact: Media Contact: Kofax^® plc Peter Hargittay Director, Communications +1 (949) 783-1549 firstname.lastname@example.org or Investor Contact: MKR Group, Inc. Todd Kehrli +1 (323) 468-2300 email@example.com
Global Security Services Company Selects Kofax to Automate Accounts Payable Operations in Latin America
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