Kofax MarkView for AP

Optimized AP Transaction Processing

Kofax MarkView® for AP (MarkView) automates the AP operations of hundreds of major organizations. The solution provides industry-leading information capture and automates invoice processing and data entry. It includes best practice workflows for discrepancy processing, resolution and accounting details as well as real-time ERP integration, a self-service supplier portal and an AP process optimization dashboard.

The first and only application of its kind, MarkView 8.0 now extends the solution with mobile capabilities for iPhone and Android devices. Integration with Kofax Mobile Capture™ (KMC) enables users inside and outside the enterprise gain secure access to information and capabilities required for processing invoices with full AP process security standards and speeds processing of invoices and receipts.

Mobile capability increases responsiveness of line of business employees and executives with intuitive, secure access invoice processing functions, financial and business process information from virtually anywhere, at any time. Financial Shared Service Centers can leverage MarkView across the extended enterprise, integrating the lines of business with geographical hubs and smartphone users. Employees can image expense receipts with KMC and transmit them to the ERP expense management application. Suppliers can leverage KMC to image an invoice and transmit it to an enterprise with secure chain of custody and image enhancement and receive instant, secure and verified receipt. These smartphone-supplied images are now the source of the highest quality invoice processing data.

Key Benefits

  • Reduce Cycle Times – Prompt payments enable early payment discounts, eliminate late fees and reduce duplicate payments caused by suppliers resending overdue invoices. The result is increased supplier satisfaction and maximized cash flow.
  • Eliminate Lost or Misfiled Documents – Invoices are captured online immediately so they never get lost or misfiled. The copying, faxing and resending of invoices is eliminated.
  • Reduce Document Transport and Storage Costs – Eliminates mailing invoices for review and approval reduces need for physical storage space.
  • Improve Productivity – Reduced AP invoice preparation, manager approval and back office processing times increases efficiency.

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