IKON Office Solutions Selects Kofax Front Office Server as a Product of Choice for its MFP Devices
IRVINE, CA, JUNE 29, 2010 – Kofax plc (LSE: KFX), the leading provider of document driven business process automation solutions, today announced an expanded relationship with strategic alliance partner IKON Office Solutions, Inc., a Ricoh company, in which IKON will offer Kofax Front Office Server to empower its multi-function peripheral (MFP) devices with robust, industry-leading office automation capabilities.
The recently released 3.0 version of Kofax Front Office Server allows users to capture forms and documents at their points of origin through MFPs, desktop scanners and other devices for accelerated processing through Kofax Capture and Kofax Transformation Modules software, and to access scan-to-email and scan-to-fax capabilities. Kofax Front Office Server is a distributed solution that supports Ricoh’s full line of MFP offerings. This latest agreement with IKON will bring Kofax Front Office Server to a broader market of potential users.
“Having IKON offer Kofax Front Office Server to its customers is a huge step in our goal of becoming the leading provider of these office automation solutions worldwide,” said Alan Kerr, Executive Vice President of Field Operations at Kofax. “We’ve enjoyed a successful relationship with IKON as a strategic alliance partner in the past, and this latest agreement will only strengthen our alliance and grow our successes.”
“As Kofax’s Partner of the Year in 2009, we are pleased to expand our relationship through this latest alliance agreement,” said Mike Dane, Vice President of Marketing, Ricoh U.S., for Ricoh Americas Corporation. “Adding Kofax Front Office Server strengthens our robust portfolio of solutions for our users, and reinforces our leadership position in offering copiers, printers and MFP technologies to our growing customer base.”
National Security Technologies Selects Kofax to Accelerate Invoice Processing for the Department of Energy
IRVINE, CA, JUNE 22, 2010 – Kofax plc (LSE: KFX), the leading provider of document driven business process automation solutions, today announced it will provide an invoice capture and processing solution to National Securities Technologies (NSTec), a joint venture of several defense contractors serving multiple agencies of the U.S. Federal Government. The value of the contract to Kofax exceeds $400,000.
NSTec will utilize Kofax software as part of its operations at the U.S. Department of Energy National Nuclear Security Administration’s Nevada Test Site. The firm will implement Kofax Capture and MarkView for Accounts Payable to scan and extract data from approximately 60,000 invoices received annually, export the data to its Oracle E-Business Suite, and route each invoice for coding, approval and exception processing. As a result, NSTec will be able to accelerate the processing and payment of its invoices, reduce manual processes, and better manage its financial operations.
“Our MarkView Financial Suite has helped a wide range of customers reduce costs by leveraging a single, consistent, end-to-end process for managing all incoming paper and electronic invoices,” said Alan Kerr, Kofax’s Executive Vice President of Field Operations. “Combined with our document capture product portfolio, MarkView delivers a financial process automation solution that is easy to deploy and use, and proven to deliver a rapid return on investment.”
Ascent Capture
A Single Solution for Information Capture
Kofax is focused on the first and most vital step in information management: consistently capturing the various types of data that exist throughout your organization, in the highest quality possible, and indexing it all so you can easily find it again. Whether your information is on paper or in electronic files, whether it is parked at a central office or scattered on desktops and remote offices throughout the world, Kofax can help you capture it all quickly and accurately.
Ascent Capture accelerates business processes by collecting paper documents, forms and e-documents, transforming them into accurate, retrievable information, and delivering it all into your business applications and databases. It offers unmatched compatibility with scanners and other capture devices, plus content and document management systems, workflow applications and databases. No matter what hardware or enterprise applications you choose now or in the future, you can count on Ascent Capture to ensure consistent capture, indexing and validation of your important information.
Kofax Announces Release 2.0 of Kofax Express
IRVINE, Calif., January 20, 2010 – Kofax plc (LSE: KFX), the leading provider of document driven business process automation solutions, today announced a new release of Kofax Express, an all in one scan to archive software package for image capture applications. Release 2.0 offers new features that enhance the application’s ease of use and expand its functionality, thereby increasing productivity and significantly reducing operating costs.
“Kofax Express 2.0 reflects our ongoing commitment to invest heavily in document driven business process automation applications across all market segments, from basic image capture to advanced enterprise level solutions,” said Jim Nicol, Executive Vice President of Products at Kofax. “Demand for Kofax Express continues to accelerate, especially among small and mid sized organizations. This release strengthens the software, enabling customers to scan and archive documents more quickly and at lower costs.”
“Our business depends on our ability to efficiently and effectively automate our clients’ paper heavy processes, and Kofax Express helps us do that,” said Jennifer Van Hart at Micrographics, Inc., a leading information management service bureau based in Florida. “The software provides a single, turnkey capture solution that is fast, effective, reliable and easy to use and deploy.”
Automatic Image File Importing
Release 2.0 optimizes the FolderScan function, which allows the automatic import of image files (TIFF, PDF, JPG, and BMP) from a folder directly into Kofax Express, better enabling capture from sources such as MFPs, fax servers and saved images. This provides users with a time and cost saving single interface to their back end repository for images from all sources.
Kofax Provides Leading Brazilian Financial & Banking Association ABBC with a Distributed Capture Solution for SICREDI Bank
IRVINE, Calif., January 19, 2010 – Kofax plc (LSE: KFX), the leading provider of document driven business process automation solutions, today announced it will provide Associacao Brasileira de Bancos (ABBC), a leading Brazilian financial and banking association, with a distributed capture solution for SICREDI Bank, Brazil’s largest credit union. The value of the contract to Kofax is approximately $500,000.
ABBC will implement Kofax software to capture and extract data from more than 20 million checks and related multi page financial documents received annually at over 300 SICREDI branch locations and export the resulting data and images into ABBC, SICREDI, and Brazil Central Bank repositories. The system provides a check truncation solution that significantly reduces the time and costly manual labor needed for paper based processing. As a result, SICREDI will reduce operating costs, accelerate business processes and improve data quality, leading to better cash management and customer service as well as improved compliance with banking and regulatory requirements.
Kofax Provides Progressive Insurance with an Accounts Payable Workflow Solution
IRVINE, Calif., January 15, 2010 – Kofax plc (LSE: KFX), the leading provider of document driven business process automation solutions, today announced that Progressive Casualty Insurance Corporation, one of the largest automobile insurers in the United States, will implement MarkView for Accounts Payable software to automate the processing of approximately 150,000 non-claims based invoices it receives annually at its shared services center. The value of the contract to Kofax is approximately $500,000.
MarkView for Accounts Payable automates financial processes to ensure the consistent, efficient, cost effective and timely processing of invoices from receipt through payment. Invoices are captured in Progressive’s ERP system the day they arrive from suppliers, thereby accelerating approval and payment cycles and improving cash management as each invoice is closely managed from receipt through payment and automated business rules are applied to make appropriate tradeoffs between payment timing, potential discounts and late payment penalties. A single repository for all invoices and the associated back up and processing history increases the company’s financial controls.
Kofax Provides Leading Global BPO Provider with Document Capture Solution
IRVINE, Calif., November 19, 2009 – Kofax plc (LSE: KFX), the leading provider of document driven business process automation solutions, today announced it will provide a leading global business process outsourcing (BPO) provider with a document capture solution. The value of the contract to Kofax is in excess of $200,000.
The India based organization provides BPO, IT consulting and other technology services around the globe and has chosen Kofax software to capture, classify and extract data from more than 2 million multi-page tax returns and related documents annually for its client, an international government agency. This includes the classification and extraction of data from eight different types of tax returns, many of which are received in a combination of printed and handwritten text. The resulting data and images will then be exported into the organization’s SQL Server and IBM FileNet repositories. The solution will decrease operating costs, increase productivity and improve data accuracy, leading to faster processing times and better compliance with regulatory and service level agreements with its client.
Plustek Announces Smartoffice PS282 Scanner is Now Certified for Use With Kofax VRS
CERRITOS, CALIF. (October 13, 2009) – Plustek Technology Inc. (www.plustek.com/usa), a manufacturer of consumer, prosumer, professional and office imaging devices (including portable scanners, sheet fed/flat bed scanners, wide format scanners and IP cameras), today announced that the SmartOffice PS282 Scanner is now certified for use with Kofax VirtualReScan (VRS) and compatible with other Kofax software such as Kofax Capture, Kofax Express and any other application supported by Kofax VRS. Kofax VRS helps the Plustek SmartOffice PS282 reduce the time involved in manual document preparation and enhances the quality of scanned images, enabling faster processing, fewer data errors and increased productivity for organizations in paper-intensive business environments.
The SmartOffice PS282 Scanner is a compact high-speed sheetfed scanner that is ideal for anyone looking to go paperless -- with less effort and less cost. Key features of the SmartOffice PS282 Scanner include 600-dpi resolution, a scanning speed of 25-ppm and full color duplex scanning (25ipm) of any media up to the thickness of a credit card (such as embossed insurance ID cards and driver licenses). The SmartOffice PS282 Scanner also features an integrated, 50 sheet auto document feeder (ADF). With the searchable PDF feature, businesses can easily archive documents, making record keeping and file maintenance a snap. With a list price of $399, the Plustek SmartOffice PS282 Scanner is an affordable image solution for small businesses and is only available in the United States and Canada. More information on Kofax VRS can be found at www.kofax.com.
Kofax Announces Promotion that Bundles Kofax Express with Fujitsu Business Scanners
IRVINE, Calif., September 23, 2009 – Kofax plc (LSE: KFX), the leading provider of document driven business process automation solutions, today announced a limited time promotional bundle that packages Kofax Express at a 50 percent discount from its normal suggested list price with Fujitsu business scanner models.
Available now through the end of September 2009, the promotion is being offered through Kofax’s hardware distribution business throughout EMEA with Fujitsu business scanner models that already include Kofax VRS Professional.
“This promotion with Fujitsu demonstrates the power of Kofax software to extend the value of scanning hardware through technology that enhances scanner functionality and performance,” said Alan Kerr, Executive Vice President of Field Operations at Kofax. “The result is increased productivity that drives down business costs and improves profitability.”
Kofax Named Global Leader in Production Fax Market
IRVINE, Calif., June 30, 2009 – Kofax plc (LSE: KFX), the leading provider of Intelligent Capture & Exchange solutions, today announced it has been recognized as the global leader in the production fax market by Davidson Consulting, a market research and consulting firm that is considered to be the leading authority on the production fax industry. In its recent report titled "Computer-Based Fax Markets Report 2008-2013" by Peter Davidson, the firm's lead analyst, positioned Kofax as the leading production fax vendor with nearly a 30 percent market share.
"Kofax presents a very comprehensive offering for organizations looking to streamline and reduce operating costs with regard to automating document-driven business processes," noted Davidson. "Headed into 2010, Kofax is well positioned with its products and solutions to support the growth opportunities in the market, which include production fax, inbound and outbound communications, and document routing, workflow and archive for compliance purposes."
Kofax Communication Server 8.1 was highlighted for its ability to ensure the reliable receipt, exchange and output of business critical information between applications, devices and people. The product is also credited for being able to handle virtually any communications format — including e-mails, faxes, voice mails, SMS, MMS, Telex and others — and enabling data to be converted from one format to another, with each message to be optionally archived for compliance purposes.
