Kofax AP Agility Cloud offers accounts payable departments a new cloud solution
Kofax, a supplier of intelligent automation software to digitally transform end-to-end business operations, is releasing its accounts payable solution, AP Agility, as a cloud-hosted SaaS offering.
Kofax AP Agility Cloud combines the power of AI-driven capture, approval and exception workflows, automated general ledger coding, and analytics, delivering all the benefits of AP Agility to accounts payable departments seeking cloud-based solutions.
“Organizations are increasingly turning to Kofax and our market leading Intelligent Automation solutions to digitally transform their accounts payable finance operation,” says Reynolds C. Bish, Chief Executive Officer at Kofax. “By delivering AP automation as a service, AP Agility Cloud provides customers greater corporate agility as they strive to remain competitive and win out in a rapidly evolving business environment.”
Kofax AP Agility Cloud is purpose-built to help companies reduce costs, improve processing times, enhance compliance through automated controls, and elevate data quality across the entire accounts payable landscape.
Hosted on Microsoft Azure, which reduces the need for onsite IT infrastructure, customers can launch and scale quickly.
AP Agility Cloud highlights include:
- Multichannel Invoice Processing Powered by AI-Driven Capture. AP Agility Cloud pulls invoice data from any source and lets users customize the specifications such as user interface, profiles, invoice formats and classification, and more. Advanced AI-driven capture takes the data far beyond basic OCR to recognize, identify and extract more text and data than any other capture solution.
- Comprehensive AP and ERP integrations. AP Agility Cloud supports market-leading ERP systems and payables environments, while also providing frameworks for fast and easy integration to any ERP platform organizations use.
- Fully extensible best practice workflows. Full invoice management, compliant processing and analytics for rich reporting on invoice processing, supplier performance, and business spend management.
- Ability to transform other financial processes. AP Agility Cloud is built on Kofax TotalAgility, and part of the Kofax Intelligent Automation platform – a suite of capabilities enabling organizations to achieve enterprise-wide digital transformation, improve competitive agility and customer experience, and drive operational efficiencies. The platform offers a variety of capabilities, from cognitive capture and process orchestration to Robotic Process Automation, analytics, mobility and engagement.
For more information about this news, visit www.kofax.com.