Future-Proof Accounts Payable with Digital Workflow Automation
Creating efficiencies across your invoice-to-pay lifecycle—on premise or in the cloud.
Modernizing the Accounts Payable Process
By harnessing digital workflow capabilities to transform the accounts payable process, you can:
Improve
invoice cycle times
Reduce
processing costs
Enforce
controls to reduce risk
Enhance
process visibility
Resources to Help You Execute and Automate AP Workflows
AP Departments Face a Challenging Landscape
55%
of invoices received arrive in paper-based format
40%
report the invoice approval process takes too long
25%
of time spent handling
invoice exceptions
$11.57
average cost to manually process traditional invoices
Automation Provides Substantial Advantages
5X
lower processing cost per invoice
2.5X
times faster to process a single invoice
50%
lower invoice exception rate
2.4X
higher rate of ‘touchless’ invoices
What Our AP Automation Customers Are Saying
Critical Capabilities to Achieve End-to-End Accounts Payable Automation
AP Document Intelligence
Process financial documents in any format or language, across multiple channels.
E-Invoicing & Portal
Send and receive XML invoices while providing a portal for suppliers to get started.
Dynamic Workflows
Automate and customize simple or complex AP approval and exception workflows.
Cloud & ERP Integrations
Securely connect with any financial management system using pre-built connectors
Automation Beyond AP
Scale automation beyond accounts payable into other accounting and finance workflows.
Our AP Automation Solutions
Kofax AP Agility
AP Agility is your accounts payable automation solution, so you can reduce costs, speed processes, improve quality and strengthen internal controls.
AP Essentials
Invoice processing automation software from Kofax. Automatically capture, understand, validate and approve invoices from any source. Lower costs and reduce invoice processing time.