Category: Business Process Automation

Keeping things Simple with HP Digital Capture

Anne Valaitis
Dec 4, 2015

On December 3rd, HP Inc. announced new offerings designed to create a more efficient and streamlined capture environment. According to HP Inc., these new solutions will target deployment of digital capture in a variety of business environments in a simpler, more cost effective manner. In addition to the benefits and economics of a digital capture solution, HP also made an announcement of new scanners and MFPs with advanced features designed to tackle paper-centric workflows.
Data from the recent InfoTrends Multi-Client study entitled, The Future of Scanning, revealed that of the 500 respondents, 47% stated that shifting from paper processes to electronic was a business priority. Paper processes, often thought of as antiquated and cumbersome are being targeted as areas of transition and automation. Vendors and providers are seeking not only to identify inefficiencies in processes but apply convenient low cost solutions as well.

HP pursues the goal of delivering a full featured digital capture solution without the need of investing in a complex, broadly featured system. In addition to a lower cost of implementation, a rapid deployment of the solution is expected with the help of templated workflows to common process areas.  The HP Scan Configuration Service, when bundled with an installation of HP Embedded Capture, provides for a low touch workflow process initiation. Template-based scan flows are available for industries such as healthcare and financial services with more said to come. These templates can be used for common, repeatable tasks within these often demanding process areas with little or “light” configuration. The new service functionality is embedded without the need for an additional server or heavy infrastructure burden. HP has set the pricing at a one-time fee of $25 per device, when bundled with the purchase and installation of HP’s Embedded Capture.

In addition to the new JetAdvantage Solutions, HP announced three new ScanJet devices and an expansion of their A3 MFP portfolio. The ScanJet model Pro 2500f1 and 3500f1 are personal desktop flatbed scanners replacing aging models in this segment class. The ScanJet 4500fn1 is an entry level network connected scanner with features such as scan to mobile via wi-fi and wi-fi direct, HP JetAdvantage Capture App and paper handling using HP EveryPage technology suite. The Scanjet 4500fn1 is also replacing aging models in the segment class of devices.

Model Scanjet 4500fn1:


 

 

 

 

 

The HP MFP S965dn and HP MFP S975dn models are for light production printing environments and workflow onramp with support for HP Capture and Route. Each is 65 and 75 page per minute print speed respectively with a variety of finishing options available; fold, insert, trim, saddle stitch, as well as punching. The 10.1” touch screen offers a high resolution preview and retractable keyboard. Up to 150k pages monthly provide the highest print volumes in the HP MFP portfolio.
Model S900 Series:

 

 

 

 

 

 

 

 

 

An easy, low cost solution to digital capture, along with pre-built templates for common business process workflow automation is an attractive solution as businesses of varied sizes are working through activities related to conversion. InfoTrends believes businesses will continue to seek out ways to transition laborious processes to a more streamlined, automated approach. Offering solutions that can address this, in a low cost, uncomplicated way with paths to expand will serve as a successful strategy for vendors competing in our industry.

 

 

Xerox Announces Next Generation Workflow Automation Solutions and More

Allison Correia and Brendan Morse
Nov 17, 2015

On November 16th, Xerox announced two new workflow automation solutions for the insurance industry and HR departments, updated versions of two of their platforms (Digital Alternatives and DocuShare), and new components of their MPS strategy for the channel.

Read more »

Adobe Expands eSign Capabilities and Partnerships

Allison Correia
Oct 13, 2015

In April 2015, Adobe launched Adobe Document Cloud, their newest cloud offering, giving users the ability to manage documents at home, and in the office across devices. With this launch several upgrades were made to Acrobat DC, new Mobile Link and mobile apps were made available, and eSign Services (formerly Adobe EchoSign) were released packaged with every subscription of Acrobat DC.

Additional Features to Adobe Document Cloud Read more »

Adobe Flies Sky High with Document Cloud

Other Posts
May 19, 2015

Adobe is certainly no stranger when it comes to creating technologies that assist businesses in becoming more digital. Not everything the company has tried has gone gangbusters, but its newest offering, Adobe Document Cloud, appears poised for success. Read more »

Xerox Evolving in 2015 with New Product Announcements

Allison Correia and Brendan Morse
Apr 28, 2015

Xerox, a leader in document technology and services, today announced several new solutions and services that will add to their history of innovation. Xerox’s Large Enterprise Operations (LEO) is aligning its services offering by key vertical market to connect MPS & BPO. Read more »

Kofax Lands $2.4 Million Deal

Allison Correia
Apr 24, 2015

Despite the proposed acquisition of Kofax by Lexmark, Kofax is going about business as usual with the recent announcement of a $2.4 million deal with a leading U.S. financial services firm. Just days ago, Kofax, a leading provider of smart process applications that simplify the business critical First Mile of information-intensive customer interactions, announced that an undisclosed leading U.S. bank has invested in Kofax TotalAgility to automate their banking operations including new customer onboarding, and loan application processing. Read more »

Lexmark International Set to Acquire Kofax Ltd

Anne Valaitis
Mar 25, 2015

 

 

In what seems to be shaping up as an exciting year in document and information technology, late yesterday it was announced that Lexmark International would seek to acquire Kofax Ltd for approximately $11 a share, or $1 billion. Upon news of the agreement, Kofax shares spiked 36%.  This is most certainly a disruptive move by Lexington, Kentucky-based Lexmark, and it positions them to be a “powerhouse” in intelligent capture and document processing while adding sophisticated platform capabilities for BPM.

Lexmark’s most recent acquisitions:

 

Lexmark’s acquisition spree kicked off in 2010, when the company acquired Kansas-based Perceptive Software (for a reported $280 million) with the goal of transitioning from a hardware-centric vendor to a solutions provider. Perceptive Software was a major provider of ECM software and solutions with specific strength in the higher education, healthcare and government sectors and its Image Now software platform offers a broad range of workflow solutions.

The marriage offered clear synergies for growth at a time when Lexmark’s revenue had slumped following the decline of the inkjet market.  Lexmark’s subsequent exit from the inkjet business reaffirmed the importance of new revenues streams. Lexmark, with its global infrastructure of direct & indirect channel for printing hardware, was an excellent fit for Perceptive with its advanced software solutions and vertical expertise. Both came from positions of strength in the medium sized business sector reaching up to the enterprise.

 

 

 

Irvine California-based Kofax provides a diverse set of software and platform solutions for information intensive customer interactions.  With $297 million in revenues reported in 2014, the company has direct sales operations in 30 countries and 850 channel partners working in 70 countries. Kofax has also made strategic acquisition investments in recent years.  In February 2013, Kofax acquired Altosoft to add business intelligence and analytics, then shortly after in July they acquired Kapow for data analytics. In September 2014, Kofax further strengthened its capabilities by obtaining Softpro GmbH for e-signature and fraud detection.
The combination of solutions from Lexmark (with Perceptive) and Kofax for sophisticated capture, intelligent routing, data mining/analytics and other key business processes creates a very strong and comprehensive portfolio.

“The acquisition of Kofax enhances our best-in-class offerings so our customers can capture, manage, access, and act upon their information more efficiently, and extends Lexmark into the high-growth smart process applications market,” said Paul Rooke, Lexmark chairman and chief executive officer. “Our customers will have a breadth of hardware and software solutions that connect their information silos and automate their business processes – enabling them to access the most relevant information at the moment they need it to drive business forward”.

“We believe joining forces with Lexmark benefits our customers, partners, employees and shareholders and the merger will build on Kofax’s rich history of continuous innovation,” said Reynolds C. Bish, chief executive officer, Kofax. “Our market-leading ability to simplify and transform the First Mile™ of customer engagement is a strong complement to Perceptive Software’s strength in managing information across silos. As a result, we’re excited about the future and working together to realize the full potential of this opportunity to the benefit of all stakeholders.”

 

The Kofax acquisition reflects Lexmark’s ever-growing emphasis on software (including enterprise content management, business process management, document output management, search, intelligent capture software, vertical-oriented solutions); other high value offerings like laser products and MPS; and creating synergies among all three. The Kofax pickup also provides Lexmark with strong end to end vertical industry solutions such as financial services, insurance and healthcare, thus providing a foothold in the entire document lifecycle.     This is a significant move for Lexmark into software, considering a short time ago they were primarily print focused. This industry will continue to change and transform rapidly away from printed pages, and towards flexible, sophisticated solutions designed to solve business problems.

 

Konica Minolta Diversifying their Portfolio

Allison Correia
Mar 13, 2015

At Konica Minolta’s Art of Disruption Dealer meeting last month in Los Angeles, California, they discussed what they believe are the industry’s biggest trends, how Konica Minolta plans to transform their business through these evolutions, and what their dealers should do to evolve with them to continue to be successful. A core message at the conference was that of diversification through new technologies to “disrupt” the industry. Read more »

Ricoh Announces Platform at LegalTech to Enhance Workflows and Reduce Costs for Law Firms

Allison Correia
Feb 19, 2015

This year at the annual LegalTech show held Feb. 3-5 at the New York City Hilton Midtown, over 100 exhibitors shared the tradeshow floor to demonstrate and display their robust technology geared to help law firms and legal professionals optimize their businesses and workflows. One of the most exciting announcements of the show was Ricoh’s newest offering that they are temporarily calling “Legal MFP”, a platform that can be used on select Ricoh MFP devices to improve end-user workflow while enhancing operational efficiencies, and lowering costs. Read more »

Ohio Highway Patrol Thinks Electronic System is Just the Ticket

Other Posts

Ohio state troopers are now giving printouts, instead of hand-scribbled citations, to misbehaving drivers. Read more »

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