Kofax, a provider of software to simplify and transform the first mile of business, has launched release 9 of ReadSoft Online, a cloud-based capture and invoice processing solution.
Built on Microsoft Azure, ReadSoft Online automates the accounts payable process by capturing
invoices, extracting invoice data and exporting verified data to
enterprise resource planning (ERP), accounting and other applications. ReadSoft Online helps enterprise and large-scale ERP customers to eliminate paper, reduce costs and improve supplier relationships. Small and medium sized business (SMB) customers can use the solution to obtain an affordable, flexible way to automate accounts payable processes.
"The
cloud is changing the face of accounts payable (AP) automation," said
Reynolds C. Bish, CEO, Kofax. “ReadSoft Online R9 leverages the cloud to
offer the best capture, extraction and validation solution for invoice
processing and AP automation. The solution provides immediate ROI and
generally yields up to an 80% reduction in costs due to fewer labour
intensive, manual processes and improved cycle times.”
ReadSoft Online R9 builds on existing features including
multi-language support, line item extraction, supplier recognition and
Excel import for master and purchase order data and reporting. Key enhancements include:
+A new HTML5 interface that makes it easier for developers to make interface changes with little or no training.
+Upgraded data capture capabilities such as easy identification of country-specific invoices, improved custom extraction fields and enhanced auto learning.
+Better extraction of key analytical data for reporting.
+Application programming interfaces (APIs) and XML support for third party integration.
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