Kofax has released e-Transactions, which adds electronic invoice processing capabilities to Kofax solutions, thus enabling organizations to process all incoming invoices--whether they arrive in electronic or paper form. The company adds that e-Transactions integrates seamlessly with Kofax Capture and Transformation modules.
Kofax explains e-Transactions captures and encrypts print files or imported data in standard text, image and extensible markup language (XML) file formats. The resulting electronic information is then collected and delivered to Kofax Transformation Modules for classification, data extraction and data perfection.
The company adds that e-Transactions eliminates the need to print, mail, receive and process paper-based invoices and other documents, significantly reducing otherwise manual labor processes and costs, improving the accuracy of the related data and accelerating processing times. This enables better accounts payable management to ensure that all application terms, conditions and discounts are fully utilized.