UK firm invests $400,000 for automating docs

IRVINE, USA: Kofax, a provider of smart process applications announced that a provider of wealth and asset management services in the UK has invested nearly $400,000 into Kofax solutions to automatically process instruction-related documents as part of its transfer agency business.

The company selected the Kofax TotalAgility Mailroom Automation solution to capture and route up to one million documents per year, as stated in press release.

Prior to choosing Kofax, the firm had attempted to automate and improve instruction processing with a solution from another vendor. That solution did not deliver the expected business benefits and was ultimately deemed unsuccessful. After conducting additional research and looking at a variety of competitive software products and solutions, the company selected Kofax based on its unique ability to ingest all of the company's documents, extract critical information, validate its accuracy and then route it to the proper recipients for action, as shared further in the announcement.

"Having the ability to automatically process documents and ensure they're in good order before routing them to downstream processes is absolutely critical for this customer," said Howard Dratler, Executive Vice President of Field Operations at Kofax. "Errors can cost millions of dollars and cause headaches for a wide range of its employees and customers. The TotalAgility Mailroom Automation solution provides new levels of control and visibility throughout the process while eliminating extensive manual tasks otherwise necessary."