Kofax Ascent for Payables provides businesses unparalleled automation, visibility and control of the accounts payable process, giving you the ability to realize significant benefits: reduced AP cycles, streamlined efficiencies, enhanced accountability and optimized corporate performance.

Ascent for Payables includes advanced recognition technology that dramatically reduces the keystrokes required to enter data. The data can be delivered directly into your ERP system using business rules to automatically validate data and deliver images to the rest of your AP process.

Scan, recognize, validate, release and store.

Paper invoices are scanned, and electronic invoices can be imported. Ascent for Payables uses character recognition technology to extract needed information, regardless of invoice layout. This data may include invoice number, invoice date, vendor name, amount, etc. By dramatically reducing manual keying of invoice data, your skilled accounts payable personnel can focus on profit-optimizing functions.

Extracted data can be manually verified or through database lookups, or a combination of both. The validated data and images are then exported into any ERP, accounting, workflow or document management system.

Instantly retrieve documents.

Ascent for Payables ensures that documents are classified and indexed for easy retrieval in an electronic archive system. As each batch of invoices is scanned into the process, it is electronically date and time stamped, and the vendor and invoice date are automatically identified. This gives your systems the necessary information to recall any invoice, so that when you need to retrieve a document, it is available in seconds - not minutes, hours or days.

To learn how your organization can streamline the accounts payable process - or for more information about Kofax Ascent for Payables - contact AccuImage today.