Accounts Payable Automation

Companies processing invoices in the cloud enjoy lower processing costs, faster invoice cycle times, improved supplier relationships and more effective cash management. 

Kofax ReadSoft Online™ provides market leading invoice automation in the cloud. When you leverage ReadSoft Online to process PO and non-PO invoice data, you transform accounts payable into a transparent, controlled and strategic business unit. This true multi-tenant SaaS solution is monitored around the clock by a dedicated cloud operations team to ensure optimal performance and effortless handling of large changes in document volumes.

 

Data Accuracy

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Get more accurate financial data, reduced audit risks, and achieve better financial compliance. With Kofax ReadSoft Online, you can have total confidence in the quality of your data. All data is extracted using Kofax world-leading cognitive capture technology. Purchase Order (PO) based invoice line items can be validated against purchase orders and goods received. User assistance is provided for GL coding for non-PO invoices.
 

Insight Analytics

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Pre-built dashboards enable you to quickly achieve insight into invoice activity for monitoring invoice status and exceptions; providing continuous feedback for optimizing invoice processing.

Fast Approvals

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Faster rules-driven invoice processing for approvals and exception processing assures optimal cycle times and reduces late-payment penalties, so you can leverage value added opportunities such as early payment discounts and improved supplier relationships.

Reduce IT

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Take the pain out of implementation. Set-up can be completed in hours and requires no hardware or software investments. There’s no time-consuming maintenance, upgrades or updates. You’ll always have access to the newest features and most up-to-date version of the solution. A dedicated cloud-services team monitors and optimizes your processing 24/7.