Kofax e-Transactions automates the electronic delivery of documents to any business process, simply and cost effectively
No other product offers the same levels of flexibility, ease of use, cost savings and security. These are just a few examples of business processes where Kofax e-Transactions can be applied.
Invoice Processing
Kofax e-Transactions provides the simplest method for suppliers and buyers to exchange invoices electronically, removing the need for printing, mailing, scanning and data entry. Now, electronic invoicing is within reach of all organisations. Both suppliers and buyers see immediate benefits – a win-win situation! Suppliers benefit from:
- Instant invoice delivery — reduced Days Sales Outstanding.
- Secure delivery with automatic confirmation — no more lost invoices.
- Low running costs — no per transaction fees, and the Kofax e-Transactions Sender application is provided free of charge.
Buyers benefit from:
- Easy, low cost implementation — simple installation and configuration (as opposed to EDI).
- Single platform for processing invoices from all suppliers.
- Increased data accuracy — reduced processing exceptions.
- Lower paper handling costs.
- Fewer lost documents.
- Reduced call handling costs — fewer supplier queries.
- Easy, low cost implementation — simple installation and configuration at a fraction of the cost of EDI!
Sales Order Processing
Kofax e-Transactions is an ideal replacement for fax transmission for sending and receiving sales orders, ensuring that orders are received in a timely and secure manner and enabling the use of automatic data extraction to speed up processing further and reduce costs. Buyers benefit from:
- Secure delivery with automatic confirmation — no more lost sales orders.
- Low running costs — the Kofax e-Transactions Sender application is free.
Suppliers benefit from:
- Reduced data entry costs due to significantly higher OCR rates compared to fax (especially for line items).
- Increased data accuracy — reduced processing exceptions.
- Reduced call handling costs — fewer buyer queries.
Finance and Insurance – Account Opening and Claims Submission
Kofax e-Transactions enables field agents to submit application and claims forms on behalf of their clients directly to the provider, removing the need for faxing, posting or sending email with attachments, and providing an alternative to expensive extranets and portals. Benefits include:
- Reduced data entry costs.
- Lower paper handling costs.
- Fewer lost documents.
- Faster processing.
