Wed, 26/02/2014 - 15:02
A major global wealth and asset management company headquartered in Western Europe has invested more than USD4m in a Kofax smart process application.
The company selected Kofax TotalAgility 7.0 and Kofax Analytics to capture, classify, process, act upon and analyse more than 20 million financial documents received from customers each year.
The financial services company's existing system was outdated, inefficient and unreliable. It required a significant upgrade to a smart process application that could process new account forms and other documents in multiple languages and apply business rules in a consistent manner to ensure both internal governance and external regulatory requirements. The company evaluated solutions from multiple providers and selected Kofax because of its smart process application development and deployment platform and track record for saving time, reducing costs, increasing efficiency and boosting productivity.
The sale was comprised of approximately USD1.25m of software licenses and approximately USD2.75m of maintenance, professional services and training. The transaction was closed during the quarter ended 31 December and delivered in January.
"This high profile company manages a massive amount of critical financial information for its customers. It needed an all-encompassing solution to meet its processing needs while providing touchless processing and a very user-friendly interface," says Howard Dratler, executive vice president of field operations at Kofax. "Kofax TotalAgility 7.0 is a new and incredibly advanced all-in-one platform that will help the company make the first mile of business smarter and more efficient for its customers. It delivers a reliable, high performance smart process application platform that can be deployed on a worldwide basis and scale."
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Wed, 17 Dec 2014 00:00:00 GMTAnalyst/Associate Technology IBD - NYC
Wed, 17 Dec 2014 00:00:00 GMTQuantitative / Statistical Analyst, Hedge Fund Opportunity
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