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News Room > News > Xoomworks Source-to-Pay Solutions use Kofax to Digitally Transform Finance and Accounting Workflows

Xoomworks Source-to-Pay Solutions use Kofax to Digitally Transform Finance and Accounting Workflows

Andrada Sabo

The Kofax Intelligent Automation Platform Delivers Improved Extraction Rates and Transactional Processing Efficiency, Complementing Xoomworks’ Market-Leading Source-to-Pay Delivery Capabilities

Xoomworks today announces it’s partnering with Kofax, a leading supplier of Intelligent Automation software for digital workflow transformation, to extend document intelligence innovation into its source-to-pay solutions. The partnership will form part of Xoomworks’ portfolio of best-of-breed technology vendors which underpin its industry-leading procurement transformation services.

Kofax is a leader in document intelligence technology providing invoice automation software enabling multi-channel capture, optical character recognition (OCR), print management, and portable document format (PDF) capabilities.

“We’re excited to integrate our Intelligent Automation Platform with Xoomworks to help customers accelerate their digital transformation initiatives,” says Chris Huff, Chief Strategy Officer at Kofax. Customers are seeking greater levels of business agility, speed and innovation as they strive for increased operational efficiency through their automation investments. Kofax and Xoomworks work together to focus on outcomes that matter to our customers, such as increased electronic invoice capture, improved document extraction rates, and reducing the labour involved in transactional invoice processes.”

“Kofax offers a range of finance and accounting automation solutions, including Cloud SaaS-based invoice processing solutions, using integrated machine learning line-item extraction, approval workflows and analytics,” adds Huff. “Customers commonly integrate ReadSoft Online with ERPs ranging from Coupa’s business spend management (BSM) platform to Microsoft’s D365 Finance and Operations to digitally transform invoice processing and payment processes.”

“As technology advances and our customer challenges become more complex, our solutions require increasing integration of a range of the latest capabilities,” says Martin Denham, Operations Director at Xoomworks Procurement. “Kofax is an integral part of our technology portfolio, enabling us to help customers realise quick benefits from invoice automation.”

“We’re excited Xoomworks has partnered with Kofax to accelerate implementation for our mutual customers,” says Roger Goulart, Senior Vice President of Business Development and Alliances at Coupa. “Xoomworks has been a Coupa Premier Partner since 2013 and has led countless procurement transformation projects. This new partnership with Kofax will enable intelligent invoicing to improve productivity and business outcomes.”

About Kofax

Kofax enables organizations to Work Like Tomorrow™—today. Kofax’s Intelligent Automation software platform and solutions digitally transform document-intensive workflows. Customers realize greater agility and resiliency by combining our process orchestration, cognitive capture, RPA, output management, analytics and mobile capabilities to speed time-to-value and increase competitiveness, growth and profitability while mitigating compliance risk. For more information, visit kofax.com.

 

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