Kofax Provides Leading Sport & Lifestyle Apparel Company with a Financial Process Automation Solutio
Kofax Provides Leading Sport Lifestyle Apparel Company with a Financial Process Automation Solution
(pressrelations) -
System Will Automate the Processing of More Than 65,000 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 global sport and lifestyle apparel company with a financial process automation solution. The value of the contract to Kofax is approximately $300,000.
The company will implement an end-to-end invoice processing solution that includes Kofax Capture, Kofax Transformation Modules and MarkView 6.5 software. The system will automate the scanning and extraction of data from more than 65,000 invoices received annually as well as the related downstream purchase order matching, exception handling and approval for payment of those invoices. The solution will fully integrate with and leverage the company?s Oracle Financials ERP system and thereby reduce processing errors, improve visibility to payment planning and accelerate cycle times.
"Automating accounts payable systems on a single platform dramatically increases processing speeds, drives down per transaction costs, strengthens controls, reduces inquiries and improves service levels,? said Alan Kerr, Executive Vice President of Field Operations at Kofax. "This sale demonstrates the strategic value of leveraging assets from the 170 Systems acquisition with our capture technologies to deliver powerful, integrated financial process automation solutions that increase productivity, reduce total cost of ownership and generate a rapid ROI.?
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(at)kofax.com
or
Media Contact:
Michael Troncale, Director, Corporate Communications
+1-949-783-1434
michael.troncale(at)kofax.com
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Datum: 24.02.2010 - 11:47 Uhr
Sprache: Deutsch
News-ID 165442
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