Recent Contracts Deliver More than $2 Million of Revenue to Kofax
IRVINE, CA, May 10, 2012: Kofax plc (LSE: KFX), a leading provider of capture enabled business process management (BPM) solutions, has announced that sales of Kofax solutions to healthcare providers continue to grow and gain momentum, with orders from multiple new customers exceeding $2 million in revenue.
Kofax solutions enable healthcare providers to benefit from automated solutions that capture patient, service and insurance information, transform it into actionable information and route it to enterprise applications and repositories in an efficient, secure and auditable manner.
Examples of recent healthcare solution orders include:
A leading U.S. healthcare provider of nonprofit healthcare plans selected Kofax for its accounts payable automation solution. The customer will implement Kofax Capture, Kofax Transformation Modules, Kofax Communication Server, Kofax Front Office Server and Kofax VRS Elite to automate the processing of approximately 7 million invoices it receives annually. The value of the contract to Kofax exceeds $1.5 million.
A leading U.S. operator of inpatient and outpatient rehabilitation hospitals, clinics and home health agencies in more than 25 states will implement Kofax Capture to capture, index and archive more than 6 million medical records, patient forms and other documents it receives annually for improved efficiency and easy access by employees.
The value of the contract to Kofax exceeds $350,000.
"Kofax healthcare customers are minimizing paper based processes through automation," said Alan Kerr, Executive Vice President of Field Operations at Kofax. "This reduces the time, effort and cost associated with manual tasks and improves service to patients, enabling healthcare organizations to manage costs while simultaneously improving the quality of patient care."
Kofax plc (LSE: KFX) is a leading provider of capture enabled business process management (BPM) solutions. For 25 years, Kofax has provided award winning solutions that manage the capture and streamline the flow of business critical information throughout an organization in a more accurate, timely and cost effective manner. These solutions provide a rapid return on investment to thousands of customers in banking, insurance, government, business process outsourcing and other markets. Kofax delivers these solutions through its own sales and service organizations, and a global network of more than 800 authorized partners in more than 70 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 regions. All other trademarks and registered trademarks are the property of their respective owners.