|By Business Wire||
|March 26, 2014 04:05 AM EDT||
Kofax® Limited (NASDAQ: KFX)(LSE: KFX), a leading provider of smart process applications for the business critical First Mile™ of customer interactions, today announced that Kofax Mobile Capture™ Platform was named to HousingWire magazine’s inaugural HW TECH100™ list and chosen as the “Elegant Implementation” category winner. The full list of the 2014 HousingWire HW Tech 100 is featured in its March 2014 issue.
Kofax Mobile Capture Platform was recognized for its patented technology that allows borrowers to submit images of required mortgage documents using cameras in mobile devices to provide real-time data capture for lenders while ensuring submissions with virtually no error rates, even from challenging sources.
HousingWire noted that “lots of companies can capture document images, it’s the extraction of data from those images that makes this a true innovation... the borrower doesn’t have to manually enter or correct data, and the lender gets accurate information from the start.”
“Innovation represents the center of this contest,” said Jacob Gaffney, executive editor at HousingWire. “Utilizing smartphones in conjunction with Kofax’s image perfection technology embraces the skyrocketing number of borrowers who want to use mobile in the mortgage lending process and ensures borrower engagement on their preferred device.”
“We’re pleased to have demonstrated a commitment to innovation that sets us apart from others,” said Drew Hyatt, Senior Vice President of Mobile Applications at Kofax. “In 2012, our capture software helped lenders process more than 35 percent of all mortgage originations. With Kofax Mobile Capture Platform, we’ve set out to dramatically transform and simplify the critical First Mile of real-time, information intensive customer interactions by allowing lenders to meet customers where they are, when they want to be engaged and on their preferred channel.”
The Kofax Mobile Capture™ Platform enables organizations to rapidly deploy Kofax’s patented and market leading image capture and perfection, real time data extraction and validation, process management and analytics capabilities into mobile apps. It turns the cameras on smartphones and tablets into powerful information capture devices. Kofax technology automatically captures, extracts and validates information from images — eliminating the need for manual data entry. The platform can support virtually any application, and advanced analytics provide full process visibility to enhance the user experience.
Using this unified platform, organizations can speed time to market with more dynamic mobile apps that improve customer engagement and accelerate business. They can achieve substantial cost savings and make better-informed decisions to drive incremental revenue — all while avoiding the undesirable vendor dependencies associated with alternative approaches. Kofax Mobile Capture platform is a combination of capture, process management and analytics capabilities.
Kofax is a leading provider of smart process applications for the business critical First Mile of customer interactions. These begin with an organization’s systems of engagement, which generate real time, information intensive communications from customers, and provide an essential connection to their systems of record, which are typically large scale, rigid enterprise applications and repositories not easily adapted to more contemporary technology. Success in the First Mile can dramatically improve an organization’s customer experience and greatly reduce operating costs, thus driving increased competitiveness, growth and profitability. Kofax software and solutions provide a rapid return on investment to more than 20,000 customers in financial services, insurance, government, healthcare, business process outsourcing and other markets. Kofax delivers these through its own sales and service organization, and a global network of more than 800 authorized partners in more than 75 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit kofax.com.
© 2014 Kofax Limited. Kofax is a registered trademark and First Mile and Kofax Mobile Capture are trademarks of Kofax Limited.