Kofax accounts payable solutions automate manual, information-intensive AP processes to significantly reduce cycle times and costs while optimizing process control and cash flow management.
Kofax® is a leading provider of software to simplify and transform the First Mile™ of customer engagement. Kofax solutions for accounts payable automation streamline the AP process by automatically capturing invoices to increase processing speed and reduce data entry costs. The solutions provide industry-leading multichannel capture with data extraction and validation, best practice workflows for routing transactions through exception handling and approval processes, a self-service supplier portal, an AP process optimization dashboard, and secure and reliable integration to any ERP system. By automating AP operations, organizations can significantly reduce cycle times and costs while optimizing process control and cash flow management.
While increasing sales is a natural goal for improving the bottom line, significant revenue can be found by identifying opportunities to improve AP automation. By optimizing workflows at every key milestone, efficiencies can be realized that drive down the cost and time of manual intervention while, ultimately, increasing early payment discounts. This infographic reveals how your AP organisation can successfully keep pace with best-in-class practices that benefit the bottom line.
This Ardent Partners research report discusses the importance of capturing and analysing data and presents a set of relevant and actionable metrics for finance and AP leaders alike to track, evaluate, and communicate for improved financial operations and performance.
Making AP Automation Happen: How to Create the Right Business Case for Your Automation Project, is designed specifically to aid AP managers in crafting a business case for AP automation that will overcome this challenge and pave the way for time-saving automation. The purpose of this Special Report is to answer that question and lay out a step-by-step strategy you can use to build and present a business case to persuade your own CFO.
Today’s AP departments are under of the same pressures as any other business group: minimizing error while increasing productivity; lowering costs while increasing output; managing relationships between vendor and internal customers. This whitepaper examines how metrics are the key to implementing change within your AP department so that you can set better expectations and achieve better results for stakeholders.
Kofax solutions for accounts payable automation streamline the information-intensive First Mile™ of the AP process by automatically capturing invoices to increase processing speed and reduce data entry costs. The solutions provide industry-leading multichannel capture with touchless data extraction and validation to automate the accounts payable process. Download our datasheet for more information.
This guide provides steps to research and develop a persuasive business case to your CFO to implement AP Automation within your organization.