{"id":1850,"date":"2020-12-03T15:19:57","date_gmt":"2020-12-03T15:19:57","guid":{"rendered":"https:\/\/solutionsreview.com\/business-process-management\/?p=1850"},"modified":"2020-12-03T20:21:54","modified_gmt":"2020-12-03T20:21:54","slug":"kofax-updates-accounts-payable-workflows-through-intelligent-automation","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/business-process-management\/kofax-updates-accounts-payable-workflows-through-intelligent-automation\/","title":{"rendered":"Kofax Updates Accounts Payable Workflows Through Intelligent Automation"},"content":{"rendered":"<p style=\"text-align: justify\"><span style=\"font-weight: 400\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1637\" src=\"https:\/\/solutionsreview.com\/business-process-management\/files\/2020\/02\/Kofax-Releases-AP-Agility-Cloud-a-SaaS-Accounts-Payable-Automation-Tool-1.jpg\" alt=\"Kofax Updates Accounts Payable Workflows Through Intelligent Automation\" width=\"800\" height=\"400\" srcset=\"https:\/\/solutionsreview.com\/business-process-management\/files\/2020\/02\/Kofax-Releases-AP-Agility-Cloud-a-SaaS-Accounts-Payable-Automation-Tool-1.jpg 800w, https:\/\/solutionsreview.com\/business-process-management\/files\/2020\/02\/Kofax-Releases-AP-Agility-Cloud-a-SaaS-Accounts-Payable-Automation-Tool-1-300x150.jpg 300w, https:\/\/solutionsreview.com\/business-process-management\/files\/2020\/02\/Kofax-Releases-AP-Agility-Cloud-a-SaaS-Accounts-Payable-Automation-Tool-1-768x384.jpg 768w, https:\/\/solutionsreview.com\/business-process-management\/files\/2020\/02\/Kofax-Releases-AP-Agility-Cloud-a-SaaS-Accounts-Payable-Automation-Tool-1-540x270.jpg 540w, https:\/\/solutionsreview.com\/business-process-management\/files\/2020\/02\/Kofax-Releases-AP-Agility-Cloud-a-SaaS-Accounts-Payable-Automation-Tool-1-640x320.jpg 640w, https:\/\/solutionsreview.com\/business-process-management\/files\/2020\/02\/Kofax-Releases-AP-Agility-Cloud-a-SaaS-Accounts-Payable-Automation-Tool-1-128x64.jpg 128w, https:\/\/solutionsreview.com\/business-process-management\/files\/2020\/02\/Kofax-Releases-AP-Agility-Cloud-a-SaaS-Accounts-Payable-Automation-Tool-1-400x200.jpg 400w, https:\/\/solutionsreview.com\/business-process-management\/files\/2020\/02\/Kofax-Releases-AP-Agility-Cloud-a-SaaS-Accounts-Payable-Automation-Tool-1-180x90.jpg 180w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>Kofax <\/span><a href=\"https:\/\/www.kofax.com\/About\/Press-Releases\/2020\/kofax-transforms-accounts-payable-workflows-with-intelligent-automation\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">recently announced<\/span><\/a><span style=\"font-weight: 400\"> further innovations across its portfolio of invoice and accounts payable solutions, improving businesses\u2019 ability to transform mission-critical processes within accounts payable processes with automation quickly. Of the projected $42B in enterprise spend for Intelligent Automation solutions over the next five years, 40 percent is predicted to be dedicated to financing and accounting transformation, specifically automating invoice and accounts payable workflows.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\"><div class=\"box box3\"><span style=\"color: #000000\">Our<\/span><\/span><a href=\"https:\/\/solutionsreview.com\/business-process-management\/free-bpm-buyers-guide\/\" target=\"_blank\" rel=\"noopener noreferrer\"> <i><span style=\"font-weight: 400\">Buyer\u2019s Guide for Business Process Management<\/span><\/i><\/a><span style=\"font-weight: 400\"><span style=\"color: #000000\"> helps you evaluate the best solution for your use case and features profiles of the leading providers, as well as a category overview of the marketplace.<\/span><\/div><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Earlier this year, <\/span><a href=\"https:\/\/www.kofax.com\/\"><span style=\"font-weight: 400\">Kofax <\/span><\/a><a href=\"https:\/\/solutionsreview.com\/business-process-management\/kofax-releases-ap-agility-cloud-a-saas-accounts-payable-automation-tool\/\"><span style=\"font-weight: 400\">also announced<\/span><\/a> <span style=\"font-weight: 400\">that its accounts payable automation solution, AP Agility, is now available as a cloud-hosted SaaS offering. Kofax AP Agility Cloud combines the power of artificial intelligence-driven capture, three-way matching of invoices, purchase orders and receiving documents, approval and extension workflows, automated general ledger coding, and analytics. This combination delivers the benefits of AP Agility to accounts payable departments looking for a cloud-based solution.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">The enhancements to the accounts payable solution include:<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Document Intelligence: Improved capabilities for processing invoices and other financial documents in more formats while maintaining pace with emerging e-invoice requirements.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Growing ERP Finance Ecosystem: Kofax\u2019s expanding ecosystem offers out-of-the-box connections to leading financial platforms, such as Coupa, Microsoft Dynamics 365 Finance &amp; Operations, NetSuite, Oracle Financial Cloud, and SAP.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Digital Workflows: Kofax\u2019s workflow automation features enable businesses to efficiently manage complex accounts payable processes through touchless processing, enabling the automated collection of missing documents, resolving inconsistencies between invoices, purchase orders, and receiving information. The updates improve the user\u2019s ability to maintain process transparency and compliance, minimize manual entry across multiple systems, and accelerate data flow to support rapid decision-making.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">In a media statement, Kathleen Delaney, Chief Marketing Officer at Kofax, said, \u201cas a leader in AP automation and invoice processing, we recognize the critical role these processes play when it comes to managing liquidity, cash flow, profitability, and overall business continuity. Our Intelligent Automation portfolio eliminates transactional and manual work that has plagued this function and allows our customers and prospects to drive value for their organizations on more critical and strategic topics.\u201d<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">To learn more about Kofax, <\/span><a href=\"https:\/\/solutionsreview.com\/business-process-management\/kofax-releases-ap-agility-cloud-a-saas-accounts-payable-automation-tool\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">click here.<\/span><\/a><\/p>\n<p style=\"text-align: justify\"><div class=\"hr hr\"><\/div><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\"><div class=\"widget\"><div class=\"aside-card\">\t\t\t<div class=\"textwidget\"><p><a class=\"bpm-footer-cta\" href=\"https:\/\/solutionsreview.com\/business-process-management\/bpm-vendor-map-a-guide-to-the-best-bpm-solutions\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1682\" src=\"https:\/\/solutionsreview.com\/business-process-management\/files\/2019\/02\/bpm-vm-speedbump.png\" alt=\"Download Link to BPM Vendor Map\" width=\"800\" height=\"225\" \/><\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kofax recently announced further innovations across its portfolio of invoice and accounts payable solutions, improving businesses\u2019 ability to transform mission-critical processes within accounts payable processes with automation quickly. Of the projected $42B in enterprise spend for Intelligent Automation solutions over the next five years, 40 percent is predicted to be dedicated to financing and accounting [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":1637,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[5],"tags":[465,254,275],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kofax Updates Accounts Payable Workflows Through Intelligent Automation<\/title>\n<meta name=\"description\" content=\"Kofax announced innovations across its portfolio of invoice and accounts payable solutions, improving the ability to transform processes with automation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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