Kofax Corporate Presentation Table of contents Slide 2 Our standard sales presentation Slides 3-26 Addendum for your use in customizing your deck Slides 27-161
Detailed Table of Contents KOFAX STANDARD PITCH Introduction to Kofax 3 Kofax Vision & the First Mile Challenge 10 The Kofax Solution the Essential Connection 12 Smart Process Applications 13 Leveragin Mobility 16 Your Kofax Advantage 19 ADDENDUM The Kofax Mission 28 Terminology & Definitions 31 Market Leadership 40 Kofax Software Portfolio 46 Partnerships 76 The Case for Capture 81 Case Studies 89 2
Introduction to Kofax Making the First Mile of Business Smarter About Kofax The First Mile Challenge Kofax Solutions Leveraging Mobility Your Kofax Advantage
Who is Kofax? Leading provider of smart process applications that simplify the business critical First Mile of information intensive customer interactions 4
Kofax Global Presence NASDAQ & LSE: Headquarters: Employees: Channel partners: KFX Irvine, CA 1,400+ in 30 countries 800+ in 70 countries Successful Customers: 20,000+ Documents processed / year: ~525 billion ERP, CRM, LOB integrations: Tens of thousands 5
Large, Diverse Customer Base of Leading Companies 6
Kofax Profitable & Growing FY14 Results (US GAAP) Non-GAAP revenue: $297.7 million Adjusted EBITA: $42.3 million Adjusted EBITDA margin: 14.2% Cash at June 30, 2014: $89.6 million Focus on Innovation 14% of software revenue goes into R&D 7
Kofax History 8
The Kofax Vision Make the First Mile of business smarter. 9
Kofax Your Essential Connection Systems of Engagement generate real time, information intensive communications Kofax provides an essential connection to Systems of Record are enterprise applications designed for internal use Paper Faxes Digital Scanners MFPs/MFDs Portals Mobile Devices MS Office/PDF TIFF / JPEG files Emails XML /EDI Data Streams Transform & Simplify the Business Critical First Mile of Customer Interactions Resulting in an Optimized Customer Experience & Greatly Reduce Operating Costs ERP / CRM / LOB ECM & Records Management IT & Telecom Infrastructure Databases & Other Archives 11
What Comprises That Essential Connection? Kofax has developed the industry s most comprehensive & fully integrated solution to the First Mile Challenge: Multi-channel Capture Business Process Management Dynamic Case Management Business Intelligence & Analytics Mobility Data Integration Professional Services Customer Support 12
The Demand for Smart Process Applications is Skyrocketing Support business processes that are: People intensive Information intensive Highly variable & unpredictable Loosely structured & subject to change Collaborative And require these five capabilities: Awareness of relevant data & content Capture & Output of documents & forms Business Process Management to manage the steps of an activity Collaboration to create content Analysis of targeted inputs Source: Forrester August 2012 13
Kofax Smart Process Applications Leader in Forrester s Wave for Multichannel Capture Captures paper & electronic information regardless of how, where & when it arises Easily integrates with any system of engagement or system of record Awareness of relevant data & content Capture & Output of documents & forms Business Process Management to manage the steps of an activity Collaboration to create content Analysis of targeted inputs Kofax is a leader in the Forrester Wave for Smart Process Applications Embedded BI & analytics Visionary in Gartner s Magic Quadrant for BPM Strong Performer in Forrester s Wave for Dynamic Case Management Collaborate via inbound & outbound email, SMS & MMS messages Powerful integration with Microsoft applications, including SharePoint, Dynamics, Office 365, Lync & Exchange Server 14
Leverage Mobility for Competitive Advantage 67% consider mobile devices to be important to improving business processes 45% believe mobile devices would improve their speed of response by > 3X Yet > 75% have made no progress toward these goals Source: AIIM April 2012 Financial Services Customer onboarding Mortgage & loan apps Appraisals Trailing documents Healthcare New patient onboarding Clinical documentation Medical claims submission Revenue cycle management Insurance New policy quotes Customer onboarding Claim submissions Trailing documents Government Citizen benefit enrollments Claim submissions Licenses, permits & renewals Trailing documents
Kofax Mobile Solutions Turning mobile devices into powerful capture platforms that ensure process ready images & extract business critical information Extend business processes to the Point of Origination 16
Market Evolution & Growth Smart Phones & Tablets Used by Employees & Customers Market Size $5B $4B Everyone has a scanner in their pocket today. Geoffrey Moore, Best-selling Business Author Desktop Scanners & MFPs in Highly Distributed Front Offices $3B 1B+ Mid Range Scanners in Distributed Regional Offices Production Level Scanners in Centralized, Back Offices Monolithic Page Scanners in Centralized Back Offices $2B $1B $0 100K 500K 1M 100M 1985 1990 1995 2000 2005 2010 2015 17
Kofax s Market Positioning 2012 2013 2014 Kofax is a market leader in MCC & SPAs Kofax is a recognized in leader related markets including BPM & Dynamic Case Management 18
Kofax Benefits Make your business critical First Mile of customer interactions smarter Optimize your customer experience Enable collaboration with your customers & inside your organization Improve response times & service levels Gain competitive differentiation & advantage Better manage & grow your business Greatly reduce operating costs Improve information quality Accelerate processing times Minimize labor intensive processes 19
Why Kofax? Comprehensive solution to transform & simplify the First Mile of customer interactions Proven track record of providing smart process applications Well-established global presence Affords the industry s lowest total cost of ownership 20
Kofax Business Value Stairway Value Improve Information Visibility Digitize information for better access & compliance Achieve Operational Excellence Automate processes to greatly reduce costs Increase Customer Intimacy Establish new levels of engagement & collaboration Deliver Enterprise Agility Radically transform & simplify the First Mile of customer interactions 21 Goal
Introducing The world s first unified smart process application development & deployment platform 22
Are You Ready to Make Your First Mile of Business Smarter? Systems of Engagement generate real time, information intensive communications provides an essential link to Systems of Record are enterprise applications designed for internal use Paper Faxes Digital Scanners MFPs/MFDs Portals Mobile Devices MS Office/PDF TIFF / JPEG files Emails XML /EDI Data Streams Transform & Simplify the Business Critical First Mile of Customer Interactions Resulting in an Optimized Customer Experience & Greatly Reduce Operating Costs ERP / CRM / LOB ECM & Records Management IT & Telecom Infrastructure Databases & Other Archives 23
Addendum Making the First Mile of Business Smarter
The Kofax Mission
Mission Value Dramatically transform & simplify the business critical First Mile of real time, information intensive customer interactions. Organizations can significantly increase their responsiveness to customers, provide a higher level of service, gain competitive advantage & better manage & grow their businesses while also greatly reducing operating costs. 28
How we do it We combine market leading capture, process management, mobile & analytics capabilities to provide smart process applications. Smart process applications enable organizations to realize these benefits in a timely & cost effective manner, while minimizing the need to modify existing enterprise applications & repositories. They provide an essential link between an organization s systems of engagement & systems of record. 29