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Kofax ReadSoft Online

Enterprise Office Software

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Kofax ReadSoft Online Brochure

Product Details

Save time with best-in-class cognitive capture

Enjoy the labor-reducing benefits of improved extraction rates. Adaptive, artificial intelligence-based capabilities improve invoice processing speed and extraction precision.

Streamline invoice processing with workflow automation

Native workflows help ensure proper routing of invoices, enforced approval policies, and greater transparency into how processes are executed.

Automate invoice processing with broad ERP integration

Choose from three ReadSoft Online editions to accommodate unique requirements. All editions integrate with ERP and pay-to-procure market leaders such as Microsoft Dynamics 365 Business Central, Microsoft Dynamics 365 Finance and Operations, Oracle Financial Cloud, Oracle NetSuite, and Coupa Spend Management.

Experience low TCO and fast ROI

Leverage existing systems and help reduce overhead on hardware that depreciates over time. Simple implementation, comprehensive 24/7 cloud-based support, and constant performance monitoring can help you realize a fast ROI.

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Features

Intelligent Line-item Extraction

Machine learning optimizes line-item extraction that improves with each invoice processed. The result is highly efficient two-way (invoice to purchase order) and three-way (invoice to purchase order and goods delivered) line-item matching.

Approval Workflows and GL Coding

Configurable rules-driven approval and exception workflows make for quicker processes. User-assisted GL coding and image storage provides additional capabilities for end-to-end invoice automation.

Multi-Language and Currency Support

Supports a wide range of invoice origin and user interface languages based on over 25 years of global invoice processing experience.

Support for Electronic Invoices

Increase invoice processing extraction rates in XML or PDF files and reduce the need for manual verification and correction.

Excel Import for Master and PO Data

Use Microsoft Excel to easily import supplier master data and PO data for validation and verification.

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Benefits

Increased data accuracy

Invoice data is extracted using market-leading cognitive capture technology, resulting in more accurate financial data and reduced risk of errors.

Robust analytics

Pre-built dashboards provide insight into invoice status and exceptions and provide continuous feedback to further optimize the invoice process.

Improved supplier relationships

Faster, rules-driven invoice processing reduces late-payment penalties while securing early payment discounts and improving supplier relationships.

Reduced IT requirements

Set-up requires no hardware or software investment or time-consuming maintenance, upgrades, or updates.

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