The Silicon Review ^Asia

Kofax, a leading supplier of intelligent automation and a tech giant is now available as a cloud-hosted SaaS offering. Kofax has started its own AP Agility Cloud services which combine the power of AI-driven capture, purchase orders, three-way matching of invoices, workflows, ledger coding, and analytics delivering the benefits of AP agility to accounts payable departments seeking a cloud-based solution.

“Organizations increasingly turn to Kofax and our market-leading Intelligent Automation solutions to digitally transform their accounts payable operations,” stated Reynolds C. Bish, Chief Executive Officer at Kofax. The firm has built an Agility Cloud in order to help the companies to reduce costs, improve processing times, enhance compliance through automated controls and elevate data with higher quality.

The all-new AP Cloud Agility platform has a multichannel invoice processing system which is an AI technology that allows the users to customize specifications such as user interfaces, profiles, and other invoice formats. The new cloud software is hosted on Microsoft Azure that eliminates the need for onsite IT infrastructure and Scales the solution quickly. This advance AI-driven technology will take processing beyond the basic OCR to recognize, identify, extract, and text than any other capture solution.