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Kofax announces integration of ReadSoft Online with Microsoft Dynamics 365 for invoice & AP automation

By Pavithra R

January 07, 2021

  • America
  • Kofax
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Microsoft, cloud, AI, finance

California based Kofax, a supplier of intelligent automation software for digital workflow transformation, has announced integrating ReadSoft Online, its software-as-a-service (SaaS) solution for invoice data extraction and accounts payable automation, with the Microsoft Dynamics 365 platform.

Kofax ReadSoft Online provides market-leading invoice automation in the cloud. By leveraging ReadSoft Online to process PO and non-PO invoice data, users can transform accounts payable into a transparent, controlled and strategic business unit.

“Kofax and Microsoft share a vision of enabling accounts payable teams to accelerate their digital transformation initiatives. The integration announced today illustrates how we’re delivering on that vision, helping our customers unify complex workflows, siloed systems and human capital,” said Kathleen Delaney, Chief Marketing Officer at Kofax. 

The new integrated solutions allow organizations to transform their procure-to-pay workflows and automate mission-critical processes. The combines solution will enable accounts payable departments to reduce the invoice processing time by as much as 80%, allowing them to automatically process invoice data in 35+ languages and across hundreds of formats via Kofax ReadSoft Online. These invoices can then be routed through their broader workflows managed in Dynamics 365. The wizard-driven setup process simplifies connecting the Kofax and Microsoft platforms while avoiding complex integration initiatives.

“Our mutual customers rely on solutions like Kofax’s ReadSoft Online to streamline invoicing processes. The ReadSoft Online integration with Microsoft Dynamics 365 Finance is the type of technological innovation that enables our customers to seamlessly transform their processes via automation,” said Georg Glantschnig, General Manager, Dynamics 365 Finance at Microsoft

Established in 1985, Kofax software enables organizations to Work Like Tomorrow – today. Its Intelligent Automation software platform helps organizations transform information-intensive business processes, reduce manual work and errors, minimize costs, and improve customer engagement. 

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