National Security Technologies Selects Kofax to Accelerate Invoice Processing for the Department of Energy
ID: 214687
National Security Technologies Selects Kofax to Accelerate Invoice Processing for the Department of Energy
Defense Contractor to Implement Kofax Capture and MarkView for Accounts Payable to Automate Manual Processes and Enable Improved Financial Operations
IRVINE, Calif.--(BUSINESS WIRE)-- Kofax plc (LSE: KFX), the leading provider of document driven business process automation solutions, today announced it will provide an invoice capture and processing solution to National Securities Technologies (NSTec), a joint venture of several defense contractors serving multiple agencies of the U.S. Federal Government. The value of the contract to Kofax exceeds $400,000.
NSTec will utilize Kofax software as part of its operations at the U.S. Department of Energy National Nuclear Security Administration?s Nevada Test Site. The firm will implement Kofax Capture and MarkView for Accounts Payable to scan and extract data from approximately 60,000 invoices received annually, export the data to its Oracle E-Business Suite, and route each invoice for coding, approval and exception processing. As a result, NSTec will be able to accelerate the processing and payment of its invoices, reduce manual processes, and better manage its financial operations.
"Our MarkView Financial Suite has helped a wide range of customers reduce costs by leveraging a single, consistent, end-to-end process for managing all incoming paper and electronic invoices,? said Alan Kerr, Kofax?s Executive Vice President of Field Operations. "Combined with our document capture product portfolio, MarkView delivers a financial process automation solution that is easy to deploy and use, and proven to deliver a rapid return on investment.?
Kofax?s MarkView Financial Suite software is a comprehensive, capture-enabled financial process automation platform for accounts payable and other functions. It automates the receipt and capture of paper and electronic invoices, performs data extraction and perfection, and manages workflows for routing transactions through approval and exception handling processes, significantly reducing cycle times and costs while optimizing process control and cash flow management. More information about Kofax?s MarkView Financial Suite is available at http://www.kofax.com/markview/index.asp .
About Kofax
Kofax plc (LSE: KFX) is the leading provider of document driven business process automation solutions. For more than 20 years, Kofax has provided award winning solutions that streamline the flow of information throughout an organization by managing the capture, 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 rapid return on investment to thousands of customers in financial services, government, business process outsourcing, healthcare, supply chain and other markets. Kofax delivers these solutions through its own sales and service organizations, and a global network of more than 1000 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 regions. All other trademarks and registered trademarks are the property of their respective owners.
Contacts
For Immediate Release
Investor Contact:
Jamie Arnold, Chief Financial Officer
+1 949-783-1473
Jamie.arnold@kofax.com
or
Media Contact:
Rob Jensen, Senior Director, Corporate Communications
+1 949-783-1295
rob.jensen@kofax.com
Datum: 22.06.2010 - 12:47 Uhr
Sprache: Deutsch
News-ID 214687
Anzahl Zeichen: 4027
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