Invoice system automates processing of four million documents annually
BY PAUL QUIGLEY
ECM Plus +++ Kofax, the specialist in document-driven business process automation has announced a new contract to provide an enterprise capture solution to a leading global technology firm. The value of the contract to Kofax exceeds US$200,000, the company said.
The customer, a manufacturer of safety, security and energy products and services, will implement Kofax Capture and Kofax Transformation Modules to scan and capture four million invoices and related accounts payable documents it receives annually.
Kofax said the customer can implement Kofax Communication Server to deploy a Fax-over-IP (FoIP) system as part of its accounts payable infrastructure for routing documents to a repository for efficient, secure access by employees. The Kofax software will enable the customer to accelerate its invoice payment process, increase productivity and reduce costs associated with manual tasks.
“Our solutions provide a compelling value for customers seeking to automate their financial processes” said Alan Kerr, Executive Vice President of Field Operations at Kofax. “Automating invoice processing and accounts payable functions provides better cash flow management and improved financial operations across the enterprise, ultimately generating a rapid, measurable return on investment.”
The company also said that its Capture software accelerates business processes by scanning documents and forms, transforming them into accurate, retrievable digital information, and delivering the images and associated data into business process applications, databases and content management systems.