Automated Organisations Can Scale back Bill Processing Time by as A lot as 80 P.c, In comparison with Friends with Little or No Automation
London, U.Okay. – February 9, 2021 – Kofax®, a number one provider of Clever Automation software program for digital workflow transformation, right now declares it has built-in with Coupa Software program to assist enterprises deepen operational efficiencies as they digitally rework their spend administration processes.
Kofax ReadSoft On-line and Coupa Accomplice to Automate Mission Vital Procure-to-Pay Processes
Integrating Kofax ReadSoft Online™ with Coupa Business Spend Management (BSM) Platform, organisations can rework bill processing and fee processes with automation. As an illustration, they will leverage best-in-class doc intelligence and machine studying from Kofax to extract information from invoices spanning a number of codecs and languages, after which route extracted information into downstream spend administration processes managed by Coupa – considerably decreasing bill processing time and overhead. The native integration between Kofax ReadSoft On-line and Coupa, licensed as a CoupaLink resolution, considerably reduces complexity and accelerates adoption.
“Finance and accounting groups face a rising burden processing giant volumes of invoices, so it’s crucial for them to quickly perceive and extract significant info from these paperwork,” says Roger Goulart, Senior Vice President of Enterprise Growth and Alliances at Coupa. “We’re proud to combine with Kofax to assist our prospects understand end-to-end automation and seamlessly unlock information wanted to drive their spend administration processes in Coupa.”
The procure-to-pay lifecycle has historically been laden with handbook, paper-based processes for capturing, matching, approving and archiving provider invoices. Though these processes lend themselves to automation, solely 10 percent of accounts payable leaders describe their departments as being totally automated, with few or no handbook duties. Such a extremely handbook state of operations limits effectivity and skill to drive enterprise worth.
In distinction, extremely automated organisations can scale back bill processing time by as a lot as 80 p.c in comparison with friends with little or no automation. Moreover, strategic investments in automation know-how can shift the procure-to-pay crew from being a reactive and back-office transactional operate right into a data-driven and proactive useful resource offering insights transferring the enterprise ahead.
“Clients looking for to rework accounts payable workflows are more and more turning to Kofax for automation options that enhance enterprise agility by means of higher ranges of digitisation whereas additionally chopping operational bills,” says Chris Huff, Chief Technique Officer at Kofax. “With this new integration, Kofax and Coupa prospects profit from organisations’ need and dedication to repeatedly innovate and streamline this course of.”
Kofax permits organisations to Work Like Tomorrow™—right now. Kofax’s Clever Automation software program platform and options digitally rework document-intensive workflows. Clients realise higher agility and resiliency by combining our course of orchestration, cognitive seize, RPA, output administration, analytics and cell capabilities to hurry time-to-value and improve competitiveness, progress and profitability whereas mitigating compliance danger. For extra info, go to kofax.com.
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Vidushi Patel/Nicola Males
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