18 April 2017

Kofax releases version 9 of Readsoft Online

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.

ReadSoft Online gives small and medium sized business (SMB) customers an affordable, flexible way to automate accounts payable processes.  ReadSoft Online captures invoices, extracting invoice data and exporting verified data to enterprise resource planning (ERP), accounting and other applications. Built on Microsoft Azure, it can be set up quickly and requires much fewer IT resources than an on-premise solution.

"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 previously released features including multi-language support, line item extraction, supplier recognition and Excel import for master and purchase order data and reporting. As a cloud-based solution, updates and enhancements are deployed in an automated manner allowing customers to access new features as they are incorporated into the product.

Key enhancements include:

+A new HTML5 interface that makes it easier for developers to make 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

+Third party integrations made seamless