Leading Multinational Conglomerate Invests $775,000 in Kofax AP Automation Solution
Summary
IRVINE, Calif.--(BUSINESS WIRE)--Kofax® Limited (NASDAQ: KFX) (LSE: KFX), a leading provider of smart process applications for the business critical First Mile™ of customer interactions, today announced that a leading U.S. based multinational conglomerate has invested more than $775,000 for Kofax AP Agility™ and Kofax Altosoft Insight™ to automate end-to-end accounts payable operations in a complex, multi-ERP, multi-language and multi-currency environment. The Kofax solution provides industry leading multichannel capture, process management, invoice, purchase order and receiving matching and exception resolution, vendor collaboration and other capabilities to streamline AP operations. The sale closed in the first quarter of Kofax’s fiscal year 2015 and included approximately $330,000 in software license revenue and $445,000 in professional services and maintenance. 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.
Funding
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