Fresh $1.1 mn deal at Kofax

IRVINE, USA: Kofax Limited, a provider of process applications for the business critical First Mile of customer interactions, announced that a leading provider of finance and insurance products has invested $1.1 million in a Kofax solution to improve and enhance its claims processing operations.

As further added, the customer selected Kofax because of its unique ability to deliver a complete solution that encompasses multichannel capture, business process and case management, data integration, advanced analytics and mobility. 

"Ensuring a positive First Mile experience can result in a distinct competitive advantage in the insurance industry," said Howard Dratler, Executive Vice President of Field Operations at Kofax. "This Kofax solution enables our customer to eliminate manual claims processing and engage with its customers via their preferred channels, thereby increasing customer satisfaction."

The sale was comprised of approximately $580,000 in software license revenue, $100,000 in maintenance services and $430,000 in professional services.