Tuesday 8th January, 2013

Kofax has announced the launch of Kofax MarkView for Accounts Payable 8.0, a fully secure mobile solution for the automated capture and processing of accounts payable (AP) information. Kofax MarkView 8.0 aims to significantly accelerate processes and optimise cash management by enabling customers to use the cameras in mobile devices such as smart phones and tablets to capture, view, manage and approve information from receipts and invoices from anywhere, at any time. Although mobile capture in AP is still something of an add-on to existing processes - it can be a useful tool in the box for organisations looking to maximise efficiency and combat error and fraud - particularly in the realms of T&E.

Kofax MarkView for Accounts Payable is a comprehensive, capture enabled financial process automation application for AP and other functions. It automates the receipt and capture of paper and electronic invoices, extracts relevant data from that content, perfects it and then manages the information into workflows for routing transactions through exception handling and approval processes. Kofax MarkView leverages Kofax Mobile Capture, which allows mobile devices to become viable tools for information capture and automation solutions. It helps prevent fraud by providing complete chain-of-custody assurances so that only authorised users can access and submit content to relevant systems and processes. Once captured, an image cannot be altered or tampered with and does not remain on the mobile device.

“Kofax MarkView for Accounts Payable addresses the most critical accounting functions facing organisations today – confirming, approving and paying invoices,” said Martyn Christian, chief marketing officer at Kofax. “Secure mobile functionality puts AP review and approval capabilities directly in the hands of the user, wherever located, which significantly speeds processes and provides better cash management. The benefits of a more timely and interactive mobile AP solution are apparent and invaluable.”