Global Security Services Company Selects Kofax to Automate Accounts Payable Operations in Latin America

  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
peter.hargittay@kofax.com
or
Investor Contact:
MKR Group, Inc.
Todd Kehrli
+1 (323) 468-2300
kfx@mkr-group.com
 
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