50%
Faster Invoice Processing
30%
Cost-Avoidance on Extra AP Personnel
Releases
Time for Value-Added Activities
With invoice volumes growing year-on-year, the accounts payable (AP) department at high-tech optics manufacturer Meopta found itself buried in time-consuming manual work. Using Kofax TotalAgility, Meopta automated its invoice approval workflow: boosting efficiency, cutting approval times in half and avoiding a 30 percent increase in AP headcount.
About Company
Headquartered in Prerov in the Czech Republic, Meopta is an international company with a rich tradition of developing, manufacturing and assembling world class optical, opto-mechanical and opto-electronic products. Employing 2,200 people, Meopta operates manufacturing facilities in the Czech Republic and the United States.
Products
Kofax TotalAgility
Focus
Digital Transformation
Accounts Payable (AP) Automation
More Kofax Solutions
Tungsten TotalAgility
TotalAgility Intelligent Automation Platform accelerates business processes with document intelligence, task automation and process orchestration.
Tungsten AP Essentials
Invoice processing automation software from Tungsten Automation. Automatically capture, understand, validate and approve invoices from any source. Lower costs and reduce invoice processing time.