Kofax launches advance accounts payable automation solution

Representative image by katemangostar from freepik

Kofax, a leading supplier of Intelligent Automation software for digital workflow transformation, launched the latest version of Kofax AP Agility, an artificial intelligence (AI) powered solution with comprehensive capabilities to digitally transform accounts payable processes for organizations.

AP Agility provides robust document intelligence to unlock critical data within AP processes and workflow capabilities for managing inconsistencies and collaboration. Its pre-built connector accelerates the integration of Kofax software with procure-to-pay, financial accounting and ERP systems. AP Agility now also provides organizations with on-premise or SaaS deployment options.

Kathleen Delaney, Chief Marketing Officer, Kofax, said: “We see forward-leaning business leaders leverage automation to streamline time- and resource-intensive AP processes. As part of a broader enterprise, they also focus on leveraging real-time data and intelligence to improve decision making. AP Agility extends far beyond transactional accounts payable automation solution; it provides data that supports business leaders in their efforts to enhance business continuity, improve cash management, and increase profitability.”

Vansh Kukreja, Project Lead – Automation/AI, Zinnov, said: “The emergence of innovative AP automation technologies in recent years is radically altering the way business is done. As enterprises intensify their focus on optimizing internal processes, we continue to see accelerated adoption of solutions like AP Agility that position accounts payable to move beyond a transactional past and showcase greater strategic value. Best-in-class organizations are already taking advantage of AP automation to process invoices 2.5 times faster, reduce invoice exception rates by 50%, and harness data to inform critical business decisions.”

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