Financial Process Automation (FPA)
Instant access to information. The ability to do business anytime, anywhere. Technology solutions that can be used immediately. From end customers to back-office teams such as accounts payable (AP) — these expectations are true across the business spectrum. And these needs are driving AP automation to the cloud.
We’re excited to announce the latest release of Kofax Process DirectorTM (formerly Kofax ReadSoft Process Director). It offers several enhancements to meet the latest SAP requirements, keep up with evolving industry needs, provide greater support for organizations to do business globally, and fully support government mandated e-invoicing.
Organizations adopting intelligent automation across the enterprise are turning to finance as one of the best places to start their digital transformation. According to a recent Forbes Insight survey, “financial transactions or reporting” was listed in the top five most frequently automated processes. But what is IA and what does it do for finance and accounting processes?
It’s widely accepted that removing paper-based processes from accounts payable is a best practice. So why is it that paper still continues to dominate in many organizations? According to Billentis Market Report for eInvoicing, 70% of all invoice processing globally is still paper-based.
Did you know 50-90% of financial processes can be automated by capture and workflow automation software? If you are still searching, transferring, copying, pasting, sorting and filing information, chances are you are mired in paper and manual processes.
Welcome to Kofax Conversations – Thought Leaders Talk “What’s Next” in Digital Banking. This is the first blog in an exciting series showcasing video discussions with thought leaders in the financial services industry.