We’re excited to announce the latest release of Kofax Process DirectorTM (formerly Kofax ReadSoft Process Director), our unified platform for automating document and request driven processes in SAP, including purchase-to-pay, order-to-cash and record-to-report. In this release, Process Director 7.8 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.
We know that our customers face external pressures from increasing government regulations for tax and supplier e-invoicing, as well as internal pressures to keep costs down and track purchasing spending. The new features in this release, combined with the market-leading features that Process Director is already well known for, help our customers ease these pressures, shorten the approval cycles for supplier invoices, and drive down the cost of overall accounts payable operations.
Here are three ways Process Director 7.8 delivers advanced automation:
- New split payment mechanism automates invoice tax processing and supplier management to save time and reduce errors. As global organizations are being asked to track country specific tax requirements as part of their financial processes, Process Director 7.8 now offers a split invoice feature that routes payments from a single invoice to multiple vendors and tax authorities simultaneously.
- Extended support for global e-invoicing formats through SAP Ariba Cloud. As global governments continue to push for mandatory e-invoicing, businesses are struggling to provide tax-compliant invoices and still maintain a speedy order-to-cash cycle. Process Director 7.8 helps achieve government compliance and extend invoice processing to global suppliers using country-specific e-invoicing formats. Process Director customers can now digitally engage with suppliers through Ariba’s e-invoicing interfaces.
- New procurement management functionality delivered through SAP Fiori. Process Director 7.8 has added PO management and dashboard reporting functionality to help organizations track their supplier spend and scale their operations when using the SAP Fiori interface. Fiori’s visual design delivers a next-generation user experience, supporting powerful search capabilities and allowing users to easily track and monitor requisitions from their desktop, tablet or smartphone.
Ready to discover the benefits of Kofax Process Director? Learn more.