Kofax Limited, a leading provider of applications for the business critical First Mile of customer interactions, announced a new release of Kofax AP Agility, a smart process application (SPA) built on the Kofax TotalAgility platform. This adds best practice accounting processes and advanced analytics capabilities.
AP Agility’s analytics let business users to assess their accounts payable processes, measure staff productivity levels, view the status of invoices being processed and assess spend management. Users can also view available discounts and late payments, assess supplier activity, invoice volumes and expenditures and identify duplicate invoices and approval violations.
AP Agility features a comprehensive range of capabilities:
According to research, organizations with high levels of AP automation save 39% of invoice processing costs and enjoy 15-20% faster processing times compared to peer groups that use manual processes.
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