Kofax Provides One of Europe?s Largest Financial Services Firms with a Document Capture Solution

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System Will Capture Data and Images from More Than 2 Million Medical Insurance Documents Annually

IRVINE, Calif.–(BUSINESS WIRE)– Kofax plc (LSE: KFX), the leading provider of Intelligent Capture Exchange solutions, today announced it will provide one of Europe?s largest financial services firms, serving thousands of retail, corporate and investment banking and insurance customers worldwide, with a document capture solution. The value of the contract to Kofax is more than $350,000.

The organization will use Kofax software to capture, classify, extract and perfect data from more than 2 million medical insurance documents, including medical records, clinical trial results, customer claims and contracts, received annually within its insurance division. The resulting data and images will then be exported into an IBM Content Management system for archive purposes. As a result, the organization will significantly reduce manual processing tasks and realize cost savings through improved operational efficiency, increased data accuracy and better customer service.

„Global financial services firms, which have such paper-intensive services as healthcare insurance, must deliver operational efficiency and ROI at every level of their organization in order to improve customer service and maintain their competitive advantage,? said Alan Kerr, Executive Vice President of Field Operations at Kofax. „This sale demonstrates the power and value of Kofax solutions to transform a cumbersome, paper-based process into an automated system that is fast, efficient, accurate and able to deliver an ROI within a matter of months.?

About Kofax
Kofax plc (LSE: KFX) is the leading provider of Intelligent Capture Exchange solutions. For more than 20 years, Kofax has provided award-winning solutions that automate document-driven business processes by managing the 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 verifiable return on investment to thousands of customers in financial services, manufacturing, retail, government, healthcare, business process outsourcing and other markets. Kofax delivers these solutions through its own sales and service organizations, and a global network of more than 1,200 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.

Contatcs:
Kofax plc
Investor Contact:
Stefan Gaiser, Chief Financial Officer
+44 (0) 800 6520 616
stefan.gaiser@kofax.com
or
Media Contact:
Michael Troncale, Director, Corporate Communications
+1 949-727-1733, x434
michael.troncale@kofax.com