Kofax® Limited (NASDAQ: KFX) (LSE: KFX), a leading provider
of smart process applications for the business critical First Mile™
of customer interactions, today announced a new release of Kofax AP
Agility™, a smart process application (SPA) built on the Kofax
TotalAgility® platform. This release adds best practice accounting
processes and advanced analytics capabilities.
AP Agility's advanced analytics enable business users to easily assess
the effectiveness of their accounts payable processes, measure staff
productivity levels, view the status of invoices being processed and
assess spend management. Users can also view available discounts and
late payments, assess supplier activity, invoice volumes and
expenditures and identify duplicate invoices and approval violations.
AP Agility features a comprehensive range of best practice accounts
payable capabilities for addressing customer requirements:
All of these features contribute to improved productivity, reduced costs
and optimized spend.
With the Microsoft Azure hosted SaaS cloud offering, customers are now
Associate Principal of The Hackett Group's Global Business Services
Practice, Vin Kumar, added, "Companies can certainly benefit from
solutions like Kofax AP Agility in terms of enhancing competitiveness.
By capturing the benefits of analytics - from driving improved
productivity through the on time payment of invoices to the removal of
bottlenecks and the ability to manage cash better - companies can gain
an edge over their peers. Cloud based solutions provide companies the
flexibility to implement a solution that is scalable with a variable
cost structure and to convert the investment into an operating expense."
Grant Johnson, Kofax's Chief Marketing Officer, stated, "AP Agility is a
compelling solution that addresses the end-to-end procure-to-pay
process, giving chief financial and procurement officers the much needed
visibility and insight necessary to better control their company's
spend. The cloud-based offering provides the added benefits of faster
deployment without capital expenditures."
Kofax is a leading provider of smart process applications for the
business critical First Mile of customer interactions. These begin with
an organization's systems of engagement, which generate real time,
information intensive communications from customers, and provide an
essential connection to their systems of record, which are typically
large scale, rigid enterprise applications and repositories not easily
adapted to more contemporary technology. Success in the First Mile can
dramatically improve an organization's customer experience and greatly
reduce operating costs, thus driving increased competitiveness, growth
and profitability. Kofax software and solutions provide a rapid return
on investment to more than 20,000 customers in financial services,
insurance, government, healthcare, business process outsourcing and
other markets. Kofax delivers these through its own sales and service
organization, and a global network of more than 800 authorized partners
in more than 75 countries throughout the Americas, EMEA and Asia
Pacific. For more information, visit kofax.com.
1Accounts Payable Automation: Five Technology Advancements
Helping to Break Down Adoption Barriers; The Hackett Group, December 5,
© 2014 Kofax Limited. Kofax and Kofax TotalAgility are registered
trademarks and First Mile and Kofax AP Agility are trademarks of Kofax
[ Back To NFVZone's Homepage ]