Kofax Digitally Transforms Accounts Payable Operations
Kofax, a provider of capture, content, process management, data integration, mobile, e-signature, customer communications management, search and analytics capabilities software, has introduced Kofax IP Agility, an invoice processing solution built on the Kofax TotalAgility digital transformation platform.
Providing a comprehensive invoice processing solution, IP Agility is intended to solve problems caused by time-consuming, labor-intensive manual data entry and the resulting lack of visibility into invoices being processed.
Leveraging Kofax’s financial process automation expertise, IP Agility automates the receipt of invoices already in an electronic format, paper invoice scanning, classification, data extraction, perfection and export to ERP and accounting systems, giving the enterprise deep insight throughout the process.
IP Agility offers data validation and automatic purchase order (PO) line item matching, enhanced by fuzzy logic; support for global organizations that need to process invoices from many countries and in different currencies; and automatic receipt of any type of invoice, regardless of how they are received – by email, fax, paper, PDF files or xml.
According to Kofax, IP Agility is also highly configurable, addressing the most complex, high volume invoice capture and processing requirements; and easily interfaces with most ERP and accounting systems, including SAP and Oracle E-Business Suite. Reports and intuitive dashboards can deliver views of processing steps as well as detailed metrics to empower better financial decision making.
With Kofax’s financial process automation expertise and TotalAgility platform for digital transformation, IP Agility provides an innovative solution that eliminates inefficiencies in invoice processing, said Reynolds C. Bish, CEO of Kofax, noting that the software promotes rapid time to value, and helps redefine the experience, delivering improvements in productivity while reducing costs.
For more information, go to www.kofax.com.