U.S. State Tax Agency Invests More than $380,000 in Kofax TotalAgility
May 14 2015 - 8:00AM
Business Wire
Software Will Automate Tax Return Processing to
Improve the Agency’s Ability to Monitor Filings and Collect
Funds
Kofax® Limited (NASDAQ: KFX), a leading provider of software to
simplify and transform the First Mile™ of customer engagement,
today announced that a U.S. state tax agency has invested more than
$380,000 in Kofax TotalAgility® and Kofax Analytics for Total
Agility® to automate manual processes and improve staff
efficiency.
This department of taxation is critical to the fiscal well-being
of the state it serves, processing tax returns and payments
received, collecting unpaid taxes and administering all state tax
matters. The agency is particularly active during the traditional
income tax season from January 1 through April 15 of each year,
when it processes approximately 15 million tax returns based on
over 100 different forms. The agency typically hired 45 temporary
employees over a six month period to manually enter information
from these returns into the agency’s tax administration systems.
This approach was time consuming, prone to errors and costly.
This agency selected Kofax for the company’s unique approach to
solving the agency’s process automation challenges. Kofax
TotalAgility will streamline tax return processing and greatly
reduce the number of temporary staff hired, resulting in
significant cost savings. In addition, Kofax Analytics for
TotalAgility will allow the agency to continually track the
progress of each tax return as it is processed.
"Like all tax agencies across the U.S., this department of
taxation collects a great deal of revenue for the state. Any errors
or delays can be detrimental to the state’s fiscal health and
taxpayers’ confidence in their elected officials," commented Howard
Dratler, Executive Vice President of Field Operations at Kofax.
"With Kofax TotalAgility, this agency will transform what had been
a time and labor intensive process into one that is automated and
streamlined, thereby lowering costs while increasing staff
efficiency."
Kofax TotalAgility is the world’s first smart process
application development and deployment platform. TotalAgility
provides an essential link between an organization’s systems of
engagement and systems of record to help increase responsiveness to
customers, improve service levels and gain competitive advantage in
order to better manage and grow businesses while greatly reducing
operating costs.
This sale closed in the fourth quarter of Kofax’s fiscal year
2015 and totaled over $380,000 in software license and maintenance
services revenue.
About Kofax
Kofax is a leading provider of smart process applications to
simplify and transform the First Mile™ of customer engagement.
Success in the First Mile can dramatically improve the customer
experience, greatly reduce operating costs and increase
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,
supply chain, business process outsourcing and other markets. Kofax
delivers these through its direct 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.
© 2015 Kofax Limited. Kofax and TotalAgility are registered
trademarks and First Mile is a trademark of Kofax Limited.
Source: Kofax
Media Contact:Kofax® LimitedLaura Brandlin,
+1-949-783-1545Director,
Communicationslaura.brandlin@kofax.comorInvestor Contact:MKR
Group Inc.Todd Kehrli, +1-323-468-2300kfx@mkr-group.com
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