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Invoicing Automation
OVERVIEW
Kofax software enables organizations to Work Like Tomorrow TM - today.
The Kofax Intelligent Automation software platform helps organizations transform information-intensive business processes, reduce manual work and errors, minimize costs, and improve customer engagement. The Kofax Intelligent Automation Platform combines RPA, cognitive capture, process orchestration, mobility and engagement, and analytics to support customers in creating end-to-end automation solutions which mitigate compliance risk and increase competitiveness, growth and profitability.
Kofax is dedicated to providing a rapid return on investment for over 20,000 customers in financial services, insurance, government, healthcare, supply chain, business process outsourcing and other markets and across more than 60 countries throughout the Americas, EMEA and Asia Pacific.
SOLUTION
Drive Productivity and Cost Savings with Seamless Invoice Processing in the Cloud
The use of cloud-based solutions for finance is soaring. And so are the financials at companies that are no longer weighed down by the need for manual processes or costly on-premises implementations that require expensive hardware and IT resources.
With ReadSoft Online™, Coupa Customers can accurately capture, extract and validate all invoice data while transforming accounts payable into a transparent, controlled and strategic business unit. RSO is true multitenant SaaS solution with an invoice extraction learning engine that is available 7x24 worldwide. With configuration able to be completed in hours and requiring no hardware or software investments, there is no time-consuming maintenance, upgrades or updates. Customers will always have access to the newest features and most up-to-date version of the solution. Invoices can be received by ReadSoft Online™ as email attachments to customer-specific addresses and delivered to Coupa.
Key Features
- Market leading invoice processing solution with over 7,000 customers worldwide.
- Complete invoice data extraction through a multi-tenant, cloud-based service with machine learning engine capabilities.
- Supports 26 different languages of invoice origin – including simplified Chinese.
- Best in class extraction rates as high as 95% and typically not less than 80%.
- Supplier Invoice formats accepted include JPEG, JPG, PDF, PNG, TIFF, and TIF. In addition, ReadSoft Online™ accepts all of the most common XML formats and will generate PDF invoice image for XML invoices once received.