Kofax signs USD800,000 document capture solution contract in Australia

Business process automation solutions company Kofax plc (LSE:KFX) reported on Wednesday that it has signed a contract to provide a document capture solution to an insurance company in Australia.

The client is said to be one of Australia's largest insurance providers and a leading workers compensation insurer. The contract is worth approximately USD800,000 to Kofax.

Under the terms of the contract the Australian firm will use Kofax software to scan, separate, classify and extract data from more than 12m pages of workers compensation and related medical claims it receives annually. The resulting data and images will be exported into a Lombardi workflow for adjudication and an Alfresco Repository for archival.

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