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Kofax Updates Accounts Payable Workflows Through Intelligent Automation

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Kofax Updates Accounts Payable Workflows Through Intelligent AutomationKofax recently announced further innovations across its portfolio of invoice and accounts payable solutions, improving businesses’ ability to transform mission-critical processes within accounts payable processes with automation quickly. Of the projected $42B in enterprise spend for Intelligent Automation solutions over the next five years, 40 percent is predicted to be dedicated to financing and accounting transformation, specifically automating invoice and accounts payable workflows.

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Earlier this year, Kofax also announced that its accounts payable automation solution, AP Agility, is now available as a cloud-hosted SaaS offering. Kofax AP Agility Cloud combines the power of artificial intelligence-driven capture, three-way matching of invoices, purchase orders and receiving documents, approval and extension workflows, automated general ledger coding, and analytics. This combination delivers the benefits of AP Agility to accounts payable departments looking for a cloud-based solution.

The enhancements to the accounts payable solution include:

In a media statement, Kathleen Delaney, Chief Marketing Officer at Kofax, said, “as a leader in AP automation and invoice processing, we recognize the critical role these processes play when it comes to managing liquidity, cash flow, profitability, and overall business continuity. Our Intelligent Automation portfolio eliminates transactional and manual work that has plagued this function and allows our customers and prospects to drive value for their organizations on more critical and strategic topics.”

To learn more about Kofax, click here.

The post Kofax Updates Accounts Payable Workflows Through Intelligent Automation appeared first on Best BPM Tools, Vendors, Software and BPMS.

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