Kofax PLC announced receipt of US$1.2 million from a global logistics company. The investment will be used in a Kofax automation solution for streamlining and accelerating accounts payable processing. The global logistics company has more than 3.5 million invoices and receipts every year.
The logistics company expected significant gains in operations and efficiency in its accounts payable processing in more than 200 countries. Kofax will be using Kofax MarkView for Accounts Payable, Kofax Capture, and Kofax Transformation ModulesTM. These solutions will be tightly integrated with Oracle E-Business Suite 12.
"The logistics business is highly complex and competitive, which makes speed and accuracy paramount. This win demonstrates the value Kofax brings in streamlining and accelerating processes, reducing errors, and improving operational efficiency in accounts payable departments," said Howard Dratler, Executive Vice President of Field Operations at Kofax. "Kofax delivers the solutions that enable global and mid-size companies to achieve consistent and efficient accounts payable processes across the enterprise," Dratler added.
Kofax was a "leading provider of smart process applications for the business critical First MileTM of customer interactions."
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