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Accounts Receivable, as with Accounts Payable, forms an integral part of optimal business health and profitability. Ensuring visibility and efficiency throughout the process is essential for your organisation to realise its full potential
The Accounts Receivable solution enabled by Kofax TotalAgility automates the process of matching remittance information with customer invoices. It reduces the amount of unallocated cash and open items that an Accounts Receivable department has on account and makes important data more visible. As a result, there is increased efficiency internally and customers experience an improvement in service.
With Kofax’s Accounts Receivable solution, payment receipts are automatically captured as they arrive from various sources, enabling real-time visibility of all receipts in progress. Payments are able to be applied immediately to the correct invoices and quickly reconciled with customer billings in your financial system.
There are two products within the Kofax suite of products that offer a solution for Accounts Receivable Automation. Kofax TotalAgility is a versatile platform, built on highly flexible architecture, which successfully addresses the needs of organisations for smart business process applications. Kofax Kapow offers robotic process automation and can run as a stand-alone product.
Efficiency Leaders, together with our Solutions Partner, Kofax, provides a range of solutions and products that streamline and automate the AR process. Kofax combines market leading capture, process management, analytics and mobile capabilities that enable organisations to increase their responsiveness to customers, provide better service, gain a competitive advantage and experience greater growth while reducing operating costs. The Kofax TotalAgility platform – an “automation super-highway” – enables superior business process automation and will dramatically transform your organisation’s AR processes.