Kofax PLC, a capture-driven process automation service provider, announced that an international European bank has increased its investment in Kofax Software. The European financial institution raised its investment by $2.3 million and agreed on the expansion for the purpose of reducing paper processing by the bank.
The agreement will require Kofax to include Kofax Capture, Kofax Transformation Modules and Kofax Mobile Capture to process forms, documents and paper checks.
“Financial services is a very competitive industry, with many customers frustrated by slow processes or errors that are difficult to correct,” said Howard Dratler, Executive Vice President of Field Operations at Kofax. “Kofax’s cutting edge solutions ensure that our customers can process transactions fast, keep costs low, and make their clients happy.”