Keywords: einvoicing, e-invoicing, electronic invoicing, accounts payable, Kofax, Oracle, eBusiness

Global telecommunications provider streamlines accounts payable function with Kofax solution

Sarah Feurey | News | 23 October 2012

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Capture Enabled business process management solutions provider Kofax have announced that a global provider of telecommunications services in Western Europe has invested more than $800,000 in a Kofax accounts payable automation and invoice processing solution that will unify several global shared services centers.

The customer will use Kofax to process 450,000 invoices, or 2.3m pages, annually. The Kofax solution enables the customer to capture business critical information in paper or electronic form, and then extract relevant content automatically for use in its accounts payable and invoice processing functions. The digital information will be stored in the company’s Oracle eBusiness application for easy access by employees.

“Automating accounts payable and invoice processing on the highly scalable Kofax platform can help companies significantly reduce costs and improve regulatory compliance while growing their businesses” said Howard Dratler, executive vice president of field operations at Kofax.