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With MarkView technology, Kofax offers an integrated end-to-end AP automation solution that leverages the best practices from hundreds of implementations in leading organizations worldwide.
The average company with a low level of automation spends
$15.70 to process an invoice, almost 20 times as much as companies
with a high level of automation, where the cost is $0.74
- IOMA’s AP Department Benchmarks and Analysis 2010 report
With Kofax, AP is optimized along the entire invoice lifecycle. Invoices are captured and digitized at the point of entry and transformed into process-ready information. Classification, extraction of metadata down to the line-item level, and validation ensure the highest data and processing accuracy. The detection of potential recognition errors in the invoice process helps to significantly reduce risk and ensures that only accurate data is submitted to the ERP system.
Best practice workflows manage the review, coding and approval process that is required for non-PO invoices, pre-approved invoices, supplier maintenance, and PO based invoices that do not match the PO or the goods received information.
For customers, this results in:
One enterprise-wide platform – one solution – one vendor
Press Release: Kofax acquired 170 Systems, a leader in financial process automation software, to deliver a complete invoice processing solution.
Join Kofax for a webinar or download a white paper to get in-depth information about accounts payable.
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Download White Paper Overcoming Barriers in AP Automation – co-authored by IOMA |
| Accounts Payable Webinars |
Automated Accounts Payable Pays Off |
Modernizing Accounts Payable |
| How to Overcome Obstacles to AP Automation In partnership with IOMA Watch it now |
| Accounts Payable White Papers |
The Business Case for Automating Document Driven Business Processes |
| Must Have Metrics: A Guide |
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