Capture enabled business process management solution provider Kofax PLC announced enormous gains in revenue.
More banks and businesses are seeing the unique advantages that Kofax offers every day. A prominent construction firm that deals in modular homes, educational and commercial structures bought a $500,000 contract with Kofax; the US Military contracted Kofax to process 40 million credit statements, invoices and memberships for a $500,000 contract; a finance advisory company contracted the company to process 20 million documents to deal with brokerage, and intra-customer correspondence under a yearly contract worth almost $300,000.
Contemporary businesses must process enormous amounts of documentation from a variety of sources. In some instances, documentation processing becomes a multi-phase production, requiring human interactions and the corralling of data from both inside and outside of a company. Each step in the process renders the business vulnerable not only to compromises in security, but also to compliance difficulties, time delays and human errors. It is here that a niche market opens up for companies like Kofax, who specialize in reliable and efficient processing.
Here are three tools Kofax’s trade:
Information Capture
Information Capture services allow Kofax to drastically reduce the amount labor hours your business requires in order to deal with paperwork.
Business Process Management
BPM provides useful insight and suggestions for your business with regard to how you can potentially change processes and protocols in order to maximize efficiency and minimize errors
Dynamic Case Management
No two companies offer exactly the same set of challenges, or fit the same set of difficulties. For this reason, a dynamic case management service keeps all of the specific nuances and idiosyncrasies of your business's situation in mind and creates a model, or a "checklist" for how things work at your business. Once you can see things laid out on paper, it becomes much easier to pin point bottlenecks and redundancies in the way your business runs, making them much easier to optimize.
Edited by Juliana Kenny