Kofax Wins $700,000 Contract

Irvine-based Kofax, which develops document capture and business process automation software, reports this morning that it has scored a $700,000 contract from a health insurance provider. The firm said the contract goes towards an invoice processing solution from the company, to automate processing of approximately 250,000 invoices, expense receipts, check requests, and other accounts payable documents. Name of the customer was not disclosed.