AP Automation and Invoice Processing Solution Increases Productivity
IRVINE, Calif.--(BUSINESS WIRE)-- Kofax® plc (LSE: KFX), a leading provider of Capture Enabled BPM™ (business process management) solutions, today announced that the Ministry of Foreign Affairs for the Netherlands has invested more than $700,000 in a Kofax solution that will automate and streamline critical functions in accounts payable (AP) and invoice processing.
The ministry will use Kofax Capture™ and Kofax Transformation Modules™ to automate the capture, extraction and processing of information from more than 200 embassies around the world. Specifically, labor-intensive AP and invoice processing functions will be streamlined to increase productivity and reduce costs by capturing and perfecting document images, automatically extracting relevant information and deciding which business processes to send it to. This will enable staff to better understand and act on the information, and also free up resources to focus on higher value activities such as providing service to their constituencies.
“Government agencies across the world are challenged by conflicting demands,” said Howard Dratler, executive vice president of field operations at Kofax. “They are striving to provide constituents with more transparency and more responsive service, and do so with fewer resources. Automating critical processes allows government agencies to be more efficient, reduce costs and ease the workload for their stretched staff.”
Kofax Capture (KC) provides industry leading scan-to-archive capabilities by scanning documents and forms to create digital images, extracting index data for retrieval purposes and delivering the images and associated data to a variety of repositories and applications. This can significantly reduce retrieval costs while improving regulatory and compliance efforts. Kofax Capture is flexible and scalable, enabling customers to define where and how images are captured and indexed, whether in a home office, remote branch or back office data center.
Kofax Transformation Modules (KTM) adds document classification, page separation, data extraction and validation capabilities to Kofax Capture to drive robust capture-to-process applications. By automating what were previously labor intensive, error prone and time consuming tasks, Kofax Transformation Modules can significantly reduce labor costs, improve information quality and accelerate business processes.
Kofax® plc (LSE: KFX) is a leading provider of Capture Enabled BPM™ solutions. These award winning solutions capture and streamline the flow of business critical information throughout an organization in a more accurate, timely and cost effective manner, enabling our customers to be more responsive to their constituents and better grow their businesses. Kofax solutions provide a rapid return on investment to more than 20,000 customers in banking, insurance, government, healthcare, business process outsourcing and other markets. Kofax delivers these solutions through its own sales and service organization, and a global network of more than 800 authorized partners in more than 75 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit kofax.com.
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