Major Global Insurance Company Invests $3.7 Million in Kofax Solutions

Kofax Limited, a provider of smart process applications for business critical customer interactions, announced that a leading international insurance organization has invested $3.7 million in Kofax software to expand and enhance the way it is capturing and processing documents within its property/casualty business.

The company is using Kofax Capture and Kofax Transformation Modules to automatically capture and extract data from more than 160 million pages of documents per year, Kofax Analytics for Capture to monitor and analyze the entire process and implementing Kofax Mobile Capture to enable customers to submit documents using smart phones and tablets.

“Insurers are among the most information intensive businesses, and data accuracy and customer responsiveness are critical to their success,” said Howard Dratler, executive vice president of field operations at Kofax. “Using Kofax software, this global insurer has already significantly increased productivity, improved efficiencies and reduced operating costs. It is now leveraging Kofax’s business intelligence and analytics to achieve operational excellence and our mobile capabilities to enhance the customer experience.”

The $3.7 million was composed of $3.0 million of software licenses and $0.7 million of maintenance, and the sale was closed and delivered during the quarter ended December 31, 2013.

Source: Kofax Limited