RFP News

Published on Nov 23, 2010

Kofax plc will provide an enterprise capture solution to Inter-American Development Bank (IDB), a provider of development financing in Latin America and the Caribbean. The value of the contract to Kofax exceeds $200,000.

IDB will implement Kofax Capture and Kofax Transformation Modules to process over three million customer agreements, records, correspondence and other financial documents it receives annually. The documents, many of which are written in Spanish, will be scanned and the resulting images automatically separated and classified prior to the critical business information being extracted. Images and information will then be routed to a repository for easy access and downstream business processes, resulting in greater operational efficiency that will enable the organization to optimize staff resources and accelerate processes.

Kofax Capture provides 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 operation.

“Strategic investments in enterprise document capture provide a significant ROI for financial services firms looking to streamline the workload associated with paper intensive processes,” said Alan Kerr, Executive Vice President of Field Operations at Kofax. “These solutions can reduce the cost and errors generated by manual tasks, freeing up valuable resources to be used more effectively in other areas that enhance customer service.” ***

Source: Business Wire

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