Kofax to provide document capture solution to leading financial services organization

Kofax plc (LSE: KFX), the leading provider of document driven business process automation solutions, today announced it will provide a document capture solution to a leading international financial services organization offering a diverse range of insurance and investment products and services to individuals and corporate customers. The value of the contract to Kofax is approximately $1 million.

“Medical and dental claims processing are demanding applications that require multiple, sophisticated capture technologies in a cohesive solution”

The organization will use Kofax software to capture and extract data from large volumes of medical and dental claim forms received by mail, fax and electronic means. The resulting data and images will be exported into a workflow application for adjudication and a content management repository for archival.

“Medical and dental claims processing are demanding applications that require multiple, sophisticated capture technologies in a cohesive solution,” said Alan Kerr, Executive Vice President of Field Operations at Kofax. “This sale demonstrates our ability to provide that solution while ensuring a customer’s rapid ROI.”