Irvine, CA – Feb. 11, 2020 – Kofax®, a leading supplier of Intelligent Automation software to digitally transform end-to-end business operations, today announces its market-leading accounts payable automation solution, AP Agility, is now available as a cloud-hosted SaaS offering. Kofax AP Agility Cloud™ combines the power of AI-driven capture, three-way matching of invoices, purchase orders and receiving documents, approval and exception workflows, automated general ledger coding, and analytics – delivering all the benefits of AP Agility to accounts payable departments seeking a cloud-based solution.
“Organizations increasingly turn to Kofax and our market-leading Intelligent Automation solutions to digitally transform their accounts payable operations,” says Reynolds C. Bish, Chief Executive Officer at Kofax. “By delivering AP automation as a service, AP Agility Cloud provides customers increased deployment options and greater agility as they strive to optimize their financial operations in today’s rapidly evolving business environment.”
Kofax AP Agility Cloud is purpose-built to help companies reduce costs, improve processing times, enhance compliance through automated controls and elevate data quality across the entire accounts payable function. Hosted on Microsoft Azure, which eliminates the need for onsite IT infrastructure, customers can launch and scale the solution quickly. Customers realize cost savings through lower initial startup and maintenance costs while giving secure access to users anywhere in the world from any desktop or mobile device.
According to Gartner, “by 2024, 60% of all new midsize core financial management application projects, and 30% of large and global ones, will be public cloud implementations.”1
Many companies suffer from the high cost of invoice processing and an inability to optimize supplier relationships, payments, invoicing requirements and business spend. AP Agility addresses these challenges by meeting the needs of organizations with flexible deployment and licensing options – including perpetual or term on-premise, private cloud or public cloud. Initially available in the United States, Kofax will add data centers in Europe and Asia Pacific later this year.
AP Agility highlights include:
1Gartner “Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises,” John Van Decker, et al, 13 May 2019
Kofax software enables organizations to Work Like Tomorrow™ – today. Kofax’s Intelligent Automation software platform helps organizations transform information-intensive business processes, reduce manual work and errors, minimize costs, and improve customer engagement. We combine RPA, cognitive capture, process orchestration, mobility and engagement, and analytics to ease implementations and deliver dramatic results that mitigate compliance risk and increase competitiveness, growth and profitability. Kofax provides a rapid return on investment for over 20,000 customers in financial services, insurance, government, healthcare, supply chain, business process outsourcing and other markets. Kofax delivers its award-winning software and solutions through its direct sales and services organization and more than 650 indirect channel partners and integrators in more than 60 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit kofax.com.
February 11, 2020