Kofax, a UK-based provider of document driven business process automation solutions, has said that it will provide a capture solution to the Japanese subsidiary of a large financial services company.
According to the Kofax, the financial services firm will implement Kofax Capture and Kofax Transformation modules to scan and extract data from over seven million investment banking documents, new account forms, credit applications and other related customer documents it receives annually from more than three dozen of its branches located throughout the country.
Documents received at each branch will be managed at the firm’s central processing facility in China, and the resulting data and images will then be exported into the firm’s EMC documentum enterprise content management (ECM) repository located at its data center in Tokyo.
The Kofax software is expected to enable the firm to accelerate its document processes, reduce costs and increase customer satisfaction.
Alan Kerr, executive vice president of field operations at Kofax, said:“Financial firms with document intensive processes such as account applications require solutions that deliver immediate operational efficiencies and customer benefits at every touch point throughout their organizations. Our solutions transform labor-intensive, paper-centric practices into streamlined automated processes that are fast, efficient and provide a rapid return on investment.”