Power management company invests USD 1.1 mln in Kofax MarkView for AP

Friday 5 December 2014 09:27 CET | News

Kofax has unveiled that a global power management company has invested an additional USD 1.1 million in Kofax MarkView for AP to enhance accounts payable operations worldwide.

The sale closed in Q2 of Kofax’s fiscal year 2015 and included over USD 500,000 in software license revenue and USD 600,000 in professional services and maintenance.

Kofax MarkView for AP is a capture-enabled financial process automation application for accounts payable and other functions. It automates the receipt and capture of paper and electronic invoices, performs data extraction and perfection and manages workflows for routing transactions through exception handling and approval processes. It includes workflows for discrepancy processing, resolution and accounting details as well as certified ERP integration for SAP and Oracle E-Business Suite.

Kofax is a US provider of capture-driven process automation services and of smart process applications for the business critical First Mile of customer interactions.

In recent news, Kofax has unveiled that a US multinational conglomerate has invested around USD 775,000 for Kofax AP Agility and Kofax Altosoft Insight, to automate end-to-end AP operations in a multi-ERP, multi-language and multi-currency environment.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Kofax, global, power, management, company, MarkView, AP, accounts payable, ERP, SAP, Oracle e-business suite, capture, automation
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech