Kofax, a leading provider of purchase to pay automation services, has recently announced that a retail franchise located throughout the Middle East has invested approximately $650,000 in Kofax’s MarkView for AP automation solution. The franchise processes around 1.3 million invoices per year, equating to 12 million pages of information.
Kofax’s MarkView for AP is a capture enabled financial process automation application for accounts payable. PayStream Advisors recently had the opportunity to review the MarkView for AP solution and we found several unique features worth noting. We have found the solution helps finance managers to transform financial operations while connecting with any ERP including Microsoft Dynamics, SAP, and Oracle. The solution creates seamless invoice automation, from intake to payment, eliminating paper from the process with the latest invoice capture technologies. MarkView for AP streamlines processing with dynamic workflow and straight through processing technology. We found the use of analytics and reports to improve spend visibility and drive continual increases in efficiency most impressive.
PayStream Advisors and Kofax will be co-presenting a webinar March 11th, 2014 at 2:00PM EST titled “Going Beyond P2P Workflow with Smart Practices.” The webinar will focus on best practices for workflow architecture, the fundamentals of smart processes, using spend analytics to capture discounts, and increasing productivity where you least expect it. To learn more about this complimentary webinar and reserve your seat, click here.
