Intelligent Line Item Extraction
Integrated machine learning optimizes line item extraction and improves as you process each invoice. The result is highly efficient automated 2-way (invoice to purchase order) and 3-way (invoice to purchase order and goods delivered) line item matching.
Approval Workflows and GL Coding
Configurable business rules-driven approval and exception workflows (including mobile), user-assisted GL coding and image storage provide additional capabilities for implementing end-to-end invoice automation.
Visibility and insight into AP spend is critical in helping to control and reduce enterprise-wide spend. Based on Kofax Insight™ Kofax ReadSoft Online analytics provides prebuilt dashboards for monitoring productivity and performance; and for identifying invoices approved, invoices due, invoices on hold and invoice exceptions.
Support for Coupa Spend Management, Oracle NetSuite, Microsoft NAV, Microsoft D365 Business Central, Microsoft B365 Finance and operations and more are planned. For non-supported ERPs, XML and image data is provided to facilitate integration.
Multi-Language and Currency Support
This truly multi-lingual solution supports a wide range of invoice origin and user interface languages (see data sheet) based on over 25 years of invoice processing experience globally.
Modern HTML5-based user experience makes ReadSoft Online intuitive and simple to work with, requiring little to no specific classroom training.
Support for Electronic Invoices
Whether XML or PDF files, increase your invoice extraction rate and reduce manual verification and correction with electronic data.
Excel Import for Master and PO Data
Use Microsoft Excel to easily import supplier master data and PO data into Kofax ReadSoft Online for validation and verification.
Kofax ReadSoft Online is a true SaaS solution using a single instance of software to support multiple customers, or tenants; and provides the lowest cost on-boarding of suppliers available.
Dedicated Cloud Operations Team
The solution is live 24/7 and monitored for optimized customer performance. Kofax ReadSoft Online is SOC2 compliant and benefits from the security, privacy and performance provided by Microsoft’s Azure.