Work Smarter not Harder with Kofax SmartHub
Irvine, CA – December 2, 2020 – Kofax®, a leading supplier of Intelligent Automation software for digital workflow transformation, today announces continuing innovations across its portfolio of invoice and accounts payable solutions – further improving organizations’ ability to rapidly transform mission-critical processes within accounts payable processes with automation.
Of the projected $42B in enterprise spend for Intelligent Automation solutions over the next five years, 40 percent is expected to be dedicated to finance and accounting transformation,1 and more specifically automating invoice and accounts payable workflows. This reflects a shared focus among business leaders on harnessing automation to realize greater operational efficiency. Kofax Intelligent Automation delivers even greater, multi-faceted benefits.
“The Accounts Payable function is faced with an unprecedented opportunity to elevate its stature as a provider of insight – helping an organization enhance accuracy of cash flow forecasts, improve liquidity, and realize higher profits,” says Kurt Albertson, Principal of Advisory Services at The Hackett Group. “However, this is all dependent upon first realizing operational efficiencies via transformative investments in process automation technologies.”
Kofax solutions now make it faster and easier to process financial documents and data, automate manual time-consuming workflows and seamlessly connect enterprise financial systems—already helping over 3,000 organizations around the world maximize agility and achieve record time-to-value on accounts payable automation investments. Among the new enhancements:
“As a leader in AP automation and invoice processing, we recognize the critical role these processes play when it comes to managing liquidity, cash flow, profitability, and overall business continuity,” says Kathleen Delaney, Chief Marketing Officer at Kofax. “Our Intelligent Automation portfolio eliminates transactional and manual work that has plagued this function and allows our customers and prospects to drive value for their organizations on more critical and strategic topics.”
1 Zinnov Research & Analysis
Kofax enables organizations to Work Like Tomorrow™—today. Kofax’s Intelligent Automation software platform and solutions digitally transform document intensive workflows. Customers realize greater agility and resiliency by combining our process orchestration, cognitive capture, RPA, output management, analytics and mobile capabilities to speed time-to-value and increase competitiveness, growth and profitability while mitigating compliance risk. For more information, visit kofax.com.
December 02, 2020