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Kofax launches Intelligent Automation Software Platform and Marketplace

Monday 3rd June, 2019

Kofax has launched the Intelligent Automation Software Platform and Marketplace, advancing future-of-work initiatives for hyper-connected enterprises.

The AI-enabled platform and marketplace ecosystem automate end-to-end business operations at scale – allowing digitally transformed organisations to harness automation to make customer, supplier and employee interactions more productive and gratifying.

“Mitsubishi UFJ Financial Group’s (MUFG) Center of Excellence is leading intelligent automation efforts and driving digital transformation throughout our bank. We’ve empowered our business units to propose automation opportunities, and their daily workloads have been reduced significantly. Our employees are happier, more satisfied, and empowered – all due to automation,” said Yoshiaki Nishita, Digital Transformation Division Director at MUFG. “Kofax’s Intelligent Automation platform has driven excitement, and more energy around further adoption and expansion of the program. In addition, our employee mindset is changing as well. They’re no longer concerned automation will replace them. They see it as an extension of themselves. Ultimately it’s become a fundamental shift in their thinking.”

In today's digital ecosystem, the inability to fully integrate automation technology hinders the digital transformation ambitions of many organisations. Kofax solves this dilemma with an integrated AI-powered Intelligent Automation software platform that uses machine learning to transform unstructured and structured data into actionable information and insights. The platform's embedded artificial intelligence enables automatic recognition of people and documents, an understanding of content within communications, and access of knowledge centers for better decision making.

“Kofax’s platform-centric approach to deliver interoperable Intelligent Automation technologies on one platform eliminates the friction and cost of managing multiple vendor technologies, procurements and vendor relationships,” said Chris Huff, Chief Strategy Officer at Kofax. "This accelerates time-to-value, increases ROI and lowers total cost of ownership of digital transformation initiatives.”