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ARCADIS selects KOFAX for Accounts payable automation solution

Submitted by swetaanand on Sat, 2012-03-31 18:52
kofax.com

Kofax plc (LSE: KFX), a leading provider of capture enabled business process management (BPM) solutions, today announced that ARCADIS, a leading provider of design, engineering and management services to the infrastructure, utilities and public sectors, has selected Kofax for its accounts payable automation solution. The total value of the contract to Kofax exceeds $250,000.

ARCADIS, based in the Netherlands, will implement Kofax Capture, Kofax Transformation Modules and Kofax VRS Elite to automate the processing of approximately 300,000 invoices it receives annually. ARCADIS will use the solution to capture, classify and extract business critical content and route the resulting digital information to its SAP ERP application for further processing and easy access while increasing efficiency and reducing costs.

"Organizations such as ARCADIS, which have a multitude of invoices coming in from diverse suppliers, are able to benefit, quickly and measurably, from investing in an accounts payable automation solution that provides a single, unified platform for the automated capture, classification and extraction of information from invoices," said Alan Kerr, Executive Vice President of Field Operations at Kofax.

Kofax Capture provides industry leading scan-to-archive capabilities by scanning documents and forms to create digital images, extracting index data for retrieval purposes and delivering the images and associated data to a variety of repositories and applications. This can significantly reduce retrieval costs while improving regulatory and compliance efforts. Kofax Capture is flexible and scalable, enabling customers to define where and how images are captured and indexed, whether in a home office, remote branch or back office data center.

Kofax Transformation Modules (KTM) adds document classification, page separation, data extraction and validation capabilities to Kofax Capture to drive robust capture-to-process applications. By automating what were previously labor intensive, error prone and time consuming tasks, Kofax Transformation Modules can significantly reduce labor costs, improve information quality and accelerate business processes.

Kofax VirtualReScan (VRS) Elite is Kofax's patented image enhancement and perfection software. Kofax VRS Elite reduces the time involved in manual document preparation and enhances the quality of scanned images, dramatically improving both manual scanning productivity and the efficiency of document capture processes. High quality images are critical as they can significantly impact the success of downstream data extraction and retrieval needs.

About Kofax
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


Sweta Anand
Business Process Analyst with experience in Investment Banking, Customer Support and operations. Has done Process documentation and standardization for several organizations
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