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New Kofax Financial Process Automation Solution

GRC Announcements | February 5, 2010

Kofax, a provider of document-driven business process automation solutions, announced a new release of the MarkView Financial Suite, a comprehensive set of capture-enabled financial process automation solutions on a single platform that automate accounts payable and other processes.

Key features of MarkView Financial Suite 6.5 include:

Full Kofax Capture Integration: MarkView 6.5 features full integration of Kofax capture software that streamlines the transformation of business documents into structured electronic information. This includes the business rules, knowledgebases, and learn-by-example technologies for invoice recognition, classification, and extraction that results in improved data quality, reduced processing costs, and fewer exceptions. For example, invoices without a corresponding purchase order can be automatically routed for approval without the need for manual, time-consuming processes.

Integration of Kofax e-Transactions: This allows users to take advantage of a single platform for the processing of both paper and electronic invoices, meaning all relevant invoice data can be captured during the invoice print process, extracted, encrypted, and then delivered to MarkView approval workflows for automated validation and approval.

Simultaneous Support for Oracle and SAP and Expanded SAP Integration: Release 6.5 supports both Oracle and SAP simultaneously, thereby delivering improved service to customers with either ERP system via a single financial process automation platform. The release has also passed certification for SAP ArchiveLink integrated with SAP NetWeaver 7.00, which further strengthens Kofax’s commitment to provide robust integration between Kofax MarkView and SAP products.

Support for Windows 7 and Internet Explorer 8
: The new release also adds support for Windows 7 and Internet Explorer 8. This allows users to run MarkView using the latest Microsoft operating system and browser platforms, further enhancing access and ease of use.

New Language Support: MarkView 6.5 expands its global market access by adding support for new languages. Along with French and German, the release now supports Italian, Spanish, and Portuguese for both Oracle and SAP environments.

MarkView 6.5 is now available; click here for more information about Kofax products.