As SMBs continue to reduce operating costs, Kofax solutions appear to be gaining additional ground as a viable process streamlining solution provider.
Process automation solutions provider Kofax plc announced an agreement this week that will provide a capture solution to a global technology firm. The contract’s value exceeds $200,000.
The customer was not named in a Kofax statement submitted to Channel Pro-SMB, but Kofax did identify it as a “manufacturer of safety, security and energy products and services.”
The company will implement Kofax Capture and Kofax Transformation Modules to scan and capture four million invoices and related accounts payable documents it receives annually.†In addition, the customer will implement Kofax Communication Server to deploy a Fax-over-IP (FoIP) system as part of its accounts payable infrastructure for routing documents to a repository for efficient, secure access by employees.†
The Kofax software will enable the customer to accelerate its invoice payment process, increase productivity and reduce costs associated with manual tasks.
“Automating invoice processing and accounts payable functions provides better cash flow management and improved financial operations across the enterprise, ultimately generating a rapid, measurable return on investment,” says Alan Kerr, Kofax’s executive vice president of field operations.
Kofax Capture accelerates business processes by scanning documents and forms, transforming them into digital information, and delivering the images and associated data into business process applications, databases, and content management systems.
Kofax Transformation Modules (KTM) automates document classification, information extraction, and validation for large and medium enterprises facing manual, error prone, or expensive process for managing large volumes of paper and electronic documents.
Kofax Communication Server (KCS) enables the automated exchange of business critical information, linking devices such as MFPs, fax and phone systems, media types including email, FoIP, SMS, MMS, voicemail and telex, and applications such as ERP, CRM systems and Kofax Capture.