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Kofax to provide Intesa Sanpaolo with a distributed capture solution

~ Italy’s largest banking group to automate the processing of more than 30 million documents annually ~

June 10, 2008

Kofax, the leading provider of Intelligent Capture & Exchange solutions, today announced that it has received an order from Intesa Sanpaolo, Italy’s largest bank and one of Europe’s leading financial institutions. Kofax will provide a distributed capture solution to automate the processing of more than 30 million documents annually that originate in 14 of the bank’s branches in Italy. The value of the contract to Kofax is more than $600,000.

With operating headquarters in Milan and Turin, Italy, Intesa Sanpaolo has more than 7,900 branches and 18.5 million customers worldwide. As Europe’s fourth largest banking entity with a market capitalisation in excess of $88 billion, the organisation offers retail, corporate and private banking, industrial and consumer credit, wealth management, and other financial services.

The Kofax solution will enable 14 branches to digitally capture documents, transform their content into accurate data, and then deliver the resulting information in real-time into organisational applications and repositories. Intesa Sanpaolo will use this distributed capture solution for unstructured documents with variable formats, layouts and data fields. Primarily paper-based, these documents include branch withdrawals and deposits, check deposits, payments and transfers, tax forms and records, money orders, and other documents and forms.

Intesa Sanpaolo will be implementing a full complement of Kofax software, including:

Kofax Capture, the world’s leading information capture software platform, which automates the scanning of paper or importing of electronic documents and forms.

Kofax Transformation, which intelligently automates the classification, sorting and separation of paper and electronic documents and forms, and then extracts and validates the information contained therein.

According to Intesa Sanpaolo, Kofax is transforming its existing document processing methods into a platform for information capture that is easy to use and implement. The company says that streamlining this processing through automation is enabling it to provide faster, more accurate and more efficient service to customers.

Executive quote

“Intesa Sanpaolo needed a distributed capture solution to simplify and accelerate high-volume processing by automating and unifying data originating from multiple locations on millions of paper and electronic documents and forms,” said Gary Collins, Senior Vice President of Applications Software Sales – EMEA at Kofax. “Our solution will enable the group to automatically capture and classify information as it enters branches and then securely route it to the appropriate location electronically for further processing or storage. The solution improves operational speed, accuracy and efficiency while reducing labour-intensive paper-processing costs.”

About the company

Kofax plc (LSE: KFX) is the leading provider of Intelligent Capture & Exchange solutions. For more than 20 years, Kofax has provided award-winning solutions that automate document-driven business processes by managing the transformation and exchange of business-critical information arising in paper, fax and electronic formats in a more accurate, timely and cost-effective manner. These solutions provide a verifiable return on investment to thousands of customers in financial services, manufacturing, retail, government, healthcare, business process outsourcing and other markets. Kofax delivers these solutions through its own sales and service organizations, and a global network of more than 1,200 authorized partners in more than 60 countries throughout the Americas, EMEA and Asia Pacific.

For more information, visit www.kofax.com.

Contact details

Account Manager at LEWIS

Tel: 0161 601 7740

Fax: 0161 601 7741

Email: kofax@lewispr.com

Technorati tags: Kofax | Intesa Sanpaolo | capture and exchange | customer win |

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Kofax to provide Intesa Sanpaolo with a distributed capture solution

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