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Kofax launches cloud-hosted SaaS version of its AP Agility solution

Intelligent Automation software provider Kofax has announced the availability of its accounts payable automation solution AP Agility as a cloud-hosted SaaS offering. The company states that the cloud solution, Kofax AP Agility Cloud combines AI-driven capture, three-way invoice matching, purchase orders, approval and exception workflows, automated general ledger coding, and analytics.

“Organisations increasingly turn to Kofax and our market-leading Intelligent Automation solutions to digitally transform their accounts payable operations,” said Reynolds C. Bish, Chief Executive Officer at Kofax. “By delivering AP automation as a service, AP Agility Cloud provides customers increased deployment options and greater agility as they strive to optimise their financial operations in today’s rapidly evolving business environment.”

According to the supplier, the cloud-hosted offering is expected to assist companies in reducing costs, improving processing times, enhancing compliance through automated controls and elevating data quality across accounts payable function.

The solution also aims to address the issue of inability for supplier relationships optimization and high invoice processing cost by meeting the needs through flexible deployment and licensing options including perpetual or term on-premise, private cloud or public cloud. It will initially be available in the United States and will expand through data centres in Europe and the Asia Pacific later this year.

Kofax’s Intelligent Automation software platform aims to help organizations transform information-intensive business processes, reduce manual work and errors, minimize costs, and improve customer engagement. They combine RPA, cognitive capture, process orchestration, mobility and engagement, and analytics to ease implementations and deliver results for mitigating compliance risk and increasing competitiveness, growth and profitability.

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