Receives High Scores for Document Processing Capability, Monitoring and Improvement, and Implementation and Support
London, U.Okay. – September 30, 2021 – Kofax®, a number one provider of Intelligent Automation software program for digital workflow transformation, immediately pronounces it has been recognized as a Leader, scoring exceedingly excessive in Vision & Capability in Everest Group’s Intelligent Document Processing (IDP) Products PEAK Matrix® Assessment 2021, whereas receiving excessive scores for Document Processing Capability, Monitoring and Improvement, and Implementation and Support. Everest Group assesses distributors throughout two axes: Market Impact and Vision & Capability. This is the third 12 months in a row Kofax has been named a Leader in Everest Group’s IDP PEAK Matrix Assessment, additional validating the corporate’s standing as the highest innovator out there.
“Positioning as a PEAK Matrix leader for a third year in a row illustrates Kofax’s ability to meet evolving customer demands through continuous innovation, enhancing user experience through low-code investments and recruiting top talent across our organisation to maintain a high performing culture,” says Chris Huff, Chief Strategy Officer at Kofax. “We’ll continue working diligently to deliver high-quality, scalable solutions so customers and partners are able to drive transformational value and impact.”
Everest Group lauded Kofax TotalAgility®, a key part of the Kofax Intelligent Automation platform, for its pre-built, out-of-the-box options for bill and claims processing, and recognising its deployment throughout horizontal processes together with human sources, finance and accounting, procurement and speak to facilities. The report additionally referred to as out Kofax’s success in serving purchasers throughout verticals reminiscent of banking, monetary providers, insurance coverage, healthcare and prescribed drugs. Finally, the report recognises Kofax’s efficiency in Customer Experience (CX) with a excessive rating in Implementation and Support, in addition to highlighting optimistic suggestions about its buyer assist, responsiveness, and the way properly buyer suggestions is integrated into product roadmaps.
“Kofax has retained its position as a Leader on Everest Group’s PEAK Matrix® for IDP software products in 2021. Its TotalAgility platform combines IDP with process orchestration, analytics, and RPA capabilities to help enterprises achieve broader automation,” says Anil Vijayan, Partner, Everest Group. “Its distinctive mobile extraction capabilities, enterprise-grade security features, strong interoperability with enterprise systems, and wide network of implementation partners are differentiators that have contributed to its success.”
Everest Group defines Intelligent Document Processing (IDP) as any software program product or answer that captures information from paperwork (e.g., e-mail, textual content, PDF, and scanned paperwork), categorises, and extracts related information for additional processing utilizing AI applied sciences reminiscent of pc imaginative and prescient, OCR, pure language processing (NLP), and machine/deep studying. These options are sometimes non-invasive and might be built-in with inner functions, programs and different automation platforms. Adoption of IDP options may help enterprises obtain value financial savings, enhance their workforce productiveness and enrich the worker and buyer expertise.
Kofax permits organisations to Work Like Tomorrow™—immediately. Our Intelligent Automation software program platform and options digitally remodel content-intensive workflows. Customers realise sooner time-to-value and elevated competitiveness, development and profitability by combining Kofax’s cognitive seize, RPA, course of orchestration, analytics and cell capabilities whereas rising enterprise resiliency and mitigating compliance danger. For extra data, go to www.kofax.com. Read extra on the Kofax Blog and observe us on LinkedIn and Twitter.
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Vidushi Patel/Nicola Males
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