Kofax Provides Leading Middle Eastern Airline with a Distributed Invoice Capture Solution
System Will Automate the Processing of 2 Million Invoices Received Annually
IRVINE, Calif.–(BUSINESS WIRE)– Kofax plc (LSE:KFX), the leading provider of document driven business process automation solutions, today announced it will provide a leading and fast growing international airline based in the Middle East with a distributed invoice capture solution. The value of the contract to Kofax is approximately $200,000.
The airline will use Kofax software to capture, classify and extract data from approximately 2 million paper and electronic invoices it receives annually at more than 55 global locations. The resulting data will then be sent to its central invoice processing center for validation before being exported into a Microsoft SharePoint based repository and workflow for further processing and payment. As a result, the airline will be able to process invoices more efficiently, quickly and accurately, thereby reducing paper and labor intensive costs, eliminating physical document transport expenses, enabling timelier payments and increasing overall productivity.
„Large enterprise organizations with manual invoice processes in complex, distributed environments are seeking solutions to automate these tasks to drive down business costs, save time and improve operational efficiency,? said Alan Kerr, Executive Vice President of Field Operations at Kofax. „Our invoice processing solutions improve bottom line profitability, reduce transaction processing costs, enable optimal payment terms and provide a rapid return on investment.?
About Kofax
Kofax plc (LSE:KFX) is the leading provider of document driven business process automation solutions. For more than 20 years, Kofax has provided award winning solutions that streamline the flow of information throughout an organization by managing the capture, transformation and exchange of business critical information arising in paper, fax and electronic formats in a more accurate, timely and cost effective manner. These solutions provide a rapid return on investment to thousands of customers in financial services, government, business process outsourcing, healthcare, supply chain and other markets. Kofax delivers these solutions through its own sales and service organizations, and a global network of more than 1000 authorized partners in more than 60 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit www.kofax.com .
„Kofax? is a registered trademark in the US, the EU and other countries. All other trademarks and registered trademarks belong to their respective owners.
Contacts
Kofax plc
Investor Contact:
Stefan Gaiser, Chief Financial Officer
+49 (0) 761 45 269 193
stefan.gaiser@kofax.com
or
Media Contact:
Michael Troncale, Director, Corporate Communications
+1-949-783-1434
michael.troncale@kofax.com