Kofax plc , the leading provider of document
driven business process automation solutions, today announced a new
release of Kofax Transformation Modules, which intelligently automates
the classification, sorting and separation of paper and electronic
documents, and then extracts and validates the accuracy of the
information they contain. Version 4.5 offers new invoice processing
features and enhanced data validation capabilities in a single unified
platform that increase ease of use and application flexibility.
“Kofax Transformation Modules 4.5 reflects our ongoing commitment to
invest heavily in document driven business process automation
applications such as invoice processing,” said Jim Nicol, Executive
Vice President of Products at Kofax. “This release significantly
strengthens our solution, enabling organizations to process invoices
more quickly, with increased accuracy and at lower costs. The new
version is also consistent with our strategic focus to provide
customers access to the most robust document driven business process
automation solutions through one unified platform that are easy to
deploy and use, even in the most complex distributed environments.”
Invoice Processing Capabilities
Kofax Transformation Modules 4.5 include new features that
simplify the process of identifying and extracting invoice information
such as supplier details and line item data such as unit price, total
price, discounts and applicable taxes. The new release features
pre-built configurations for invoices from the U.S., U.K., Germany,
France and Spain and improved support for organizations operating in
multi-language environments. This release also supports automatic
matching with purchase orders, reducing the need for manual reviews and
accelerating approval processes, which significantly reduces invoice
processing times and enables accounts payable staff to focus on more
complex exception handling tasks.
Data Validation Enhancements
Version 4.5 offers thin client validation and verification
capabilities that eliminate the need for local site software
installations or downloads in distributed environments. This enables
data validation tasks to be more easily distributed over multiple
remote locations and administered in a less costly manner.
