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.
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.
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