Kofax AP Agility Improves Supplier Engagement and Streamlines Processing with New Supplier Portal and Multi-Currency Support

Kofax^® Limited (NASDAQ: KFX)(LSE: KFX), a leading provider of software to simplify and transform the First Mile™ of customer engagements, today announced the latest release of Kofax AP Agility™, a smart process application (SPA) for accounts payable automation built on the Kofax TotalAgility^® platform. The new release features SupplierExpress™ integration for optimizing interactions between AP Agility users and their suppliers, automated multi-currency conversion support and a "related documents” feature.

SupplierExpress is a hosted, self-service supplier portal that improves interactions between AP Agility users and their suppliers and the productivity of accounts payable staff by relieving them of what would otherwise be manual, labor-intensive tasks. Suppliers can submit invoices and inquiries, view invoice processing and payment status and enhance communication with AP Agility users, improving visibility and speeding collection times. AP Agility users benefit from suppliers being able to access such information on a self service basis rather than requiring telephone conversations with accounts payable staff.

"AP Agility is a best-of-breed solution that squarely addresses business workflow needs, provides flexible customization options and is easy for front-line professionals to use,” said Dave Caldeira, Senior Vice President, Product Marketing at Kofax. "Adding our SupplierExpress portal greatly enhances the overall solution by improving vendor onboarding, procurement productivity and effectiveness in managing spend.”

The new multi-currency feature ensures more accurate invoice processing by automatically converting invoice amounts to an AP Agility user’s base currency and using exchange rates based on a currency exchange service or table. A user-friendly analytics dashboard identifies invoices with mismatched currencies and displays conversions at a glance.

The "related documents” feature enables AP Agility users to automatically research a repository of documents associated with a specific supplier to ensure complete visibility to all information impacting a given transaction.

Kofax AP Agility is a flexible, fully integrated smart process application that automates end-to-end AP operations to provide better visibility, control, efficiency and cash management. The solution provides industry-leading multichannel capture and automates invoice processing and data entry. It includes best practice workflows for discrepancy processing, resolution and accounting details, as well as end-to-end analytics.

AP Agility is built on the TotalAgility platform that can be deployed on premise or in the cloud as a dedicated or multi-tenant platform. The TotalAgility cloud offering is hosted on Microsoft Azure. AP Agility also features a pre-built integration framework for fast, easy and secure integration to multiple ERP systems, including Microsoft Dynamics AX, PeopleSoft, JD Edwards as well as home grown ERP systems.

About Kofax

Kofax is a leading provider of software to simplify and transform the First Mile™ of customer engagements. Success in the First Mile can dramatically improve the customer experience, greatly reduce operating costs and increase competitiveness, growth and profitability. Kofax software and solutions provide a rapid return on investment to more than 20,000 customers in financial services, insurance, government, healthcare, supply chain, business process outsourcing and other markets. Kofax delivers these through its direct sales and service organization, and a global network of more than 800 authorized partners in more than 75 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit kofax.com.

© 2015 Kofax Limited. Kofax, Kofax Markview and TotalAgility are registered trademarks and First Mile, AP Agility and SupplierExpress are trademarks of Kofax Limited.

Source: Kofax