AP is a difficult process to tame, yet well worth the effort. The reasons for investing in Accounts Payable automation are compelling and in this paper we will make them clear.
Presented by American Banker – Previously controlled by a group of very large brands that held a considerable competitive advantage, the foreclosure crisis has opened up more opportunities for all banks to capture market share.
Spanish professional services company Grupo EULEN has transformed manual and disjointed accounts payable processes into a centralized, ef cient function. With a solution from Kofax, the Group has digitized and automated the processing of over 200,000 invoices payable per year, freeing up time that employees can devote to more value-added business activities.
Capita Group Plc, a FTSE top 50 company, is the UK's largest business process outsourcing (BPO) and professional services company, with annual revenues of £2.7 billion. Capita Group's existing purchase-to-pay (P2P) processes were labour-intensive, requiring significant manual keying and re-keying of inbound paper invoices into SAP.
Siemens implemented Kofax Perceptive Intelligent CaptureTM to increase automation of its high-volume accounts payable operations.
This South African bank is disrupting the market with an innovative mobile app for onboarding customers, driven by Kofax capture technology. By enabling customers to apply for an account on the go—without having to visit a branch—the bank has increased new account openings by 50 percent, growing market share and boosting financial inclusion.
This global insurer used Kofax solutions to develop a mobile app that allows corporate plan members to submit their insurance claims, find the nearest clinic and compare treatment costs—anywhere, anytime. The new solution cuts claims processing time by 50% on average, and will give the company a valuable competitive advantage in a crowded insurance market.
This bank is making it quicker and easier for customers to open new accounts and apply for credit products with Kofax TotalAgility®.
This integrated healthcare and insurance provider uses Kofax solutions to streamline and automate accounts payable (AP) processes. Today, the organization is driving fast, accurate invoice processing, doubling the efficiency of AP teams—increasing the proportion of invoices paid within term to 80% and absorbing a constant increase in business volumes while keeping staff levels flat.
Sacramento County harnessed Kofax solutions to transform mountains of paper files into rich electronic content—saving millions of dollars and supercharging operational efficiency.
This financial services company uses Kofax Kapow™ to provide research analysts with quick and easy access to the web content they use to inform forecasts, stock recommendations and research for clients all over the world.
To accelerate payments to its health plan clients, this healthcare services provider embraced a highly digitized, automated approach to claims capture and processing, underpinned by Kofax Claims Agility™.