Kofax Announces Version 4.5 of Kofax Transformation Modules
Release Adds New Invoice Processing Capabilities and Enhanced Data Validation Functionality
IRVINE, Calif.–(BUSINESS WIRE)– Kofax plc (LSE: KFX), the leading provider of document driven business process automation solutions, today announced a new release of Kofax Transformation Modules, which intelligently automates the classification, sorting and separation of paper and electronic documents, and then extracts and validates the accuracy of the information they contain. Version 4.5 offers new invoice processing features and enhanced data validation capabilities in a single unified platform that increase ease of use and application flexibility.
„Kofax Transformation Modules 4.5 reflects our ongoing commitment to invest heavily in document driven business process automation applications such as invoice processing,? said Jim Nicol, Executive Vice President of Products at Kofax. „This release significantly strengthens our solution, enabling organizations to process invoices more quickly, with increased accuracy and at lower costs. The new version is also consistent with our strategic focus to provide customers access to the most robust document driven business process automation solutions through one unified platform that are easy to deploy and use, even in the most complex distributed environments.?
Invoice Processing Capabilities
Kofax Transformation Modules 4.5 include new features that simplify the process of identifying and extracting invoice information such as supplier details and line item data such as unit price, total price, discounts and applicable taxes. The new release features pre-built configurations for invoices from the U.S., U.K., Germany, France and Spain and improved support for organizations operating in multi-language environments. This release also supports automatic matching with purchase orders, reducing the need for manual reviews and accelerating approval processes, which significantly reduces invoice processing times and enables accounts payable staff to focus on more complex exception handling tasks.
Data Validation Enhancements
Version 4.5 offers thin client validation and verification capabilities that eliminate the need for local site software installations or downloads in distributed environments. This enables data validation tasks to be more easily distributed over multiple remote locations and administered in a less costly manner.
Kofax Transformation Modules 4.5 is now available. For more information about Kofax products, go to http://www.kofax.com .
About Kofax
Kofax plc (LSE: KFX) is the leading provider of document driven business process automation solutions. For more than 20 years, Kofax has provided award winning solutions that streamline the flow of information throughout an organization by managing the capture, transformation and exchange of business critical information arising in paper, fax and electronic formats in a more accurate, timely and cost effective manner. These solutions provide a rapid return on investment to thousands of customers in financial services, government, business process outsourcing, healthcare, supply chain and other markets. Kofax delivers these solutions through its own sales and service organizations, and a global network of more than 1000 authorized partners in more than 60 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit www.kofax.com .
„Kofax? is a registered trademark in the US, the EU and other countries. All other trademarks and registered trademarks belong to their respective owners.
Contacts:
Kofax plc
Investor Contact:
Stefan Gaiser, Chief Financial Officer
+49 (0) 761 45 269 193
stefan.gaiser@kofax.com
or
Media Contact:
Michael Troncale, Director, Corporate Communications
+1 949-783-1434
michael.troncale@kofax.com
