Prepress

Kofax Streamlines Accounts Payable Processes for Global Logistics Company

Tuesday 23. July 2013 - Kofax MarkView Enables Company to Accelerate Processing of More Than 3.5 Million Invoices and Expense Receipts per Year

Kofax plc (LSE:KFX), a leading provider of smart process applications for the business critical First Mile of customer interactions, today announced that a global logistics company recently invested $1.2 million in a Kofax accounts payable automation solution to streamline and accelerate the processing of more than 3.5 million invoices and expense receipts annually.
Prior to selecting Kofax, the customer used disparate invoice capture and processing solutions in different regions throughout the world. In an effort to consolidate its global accounts payable processes, the customer reviewed solutions from Oracle and IBM but ultimately selected Kofax as its standard platform. Kofax MarkView for Accounts Payable, Kofax Capture and Kofax Transformation Modules streamline the accounts payable process and provide tight integration with Oracle E-Business Suite 12. As a result, the customer expects to achieve significant operational and efficiency gains in more than 200 countries.
“Kofax delivers the solutions that enable global and mid-size companies to achieve consistent and efficient accounts payable processes across the enterprise,” said Howard Dratler, Executive Vice President of Field Operations at Kofax. “The logistics business is highly complex and competitive, which makes speed and accuracy paramount. This win demonstrates the value Kofax brings in streamlining and accelerating processes, reducing errors, and improving operational efficiency in accounts payable departments.”