Kofax Takes Industry’s Most Secure, Comprehensive AP Automation Solution Mobile

MarkView 8.0 Accelerates Invoice and Receipt Processing with Mobile Devices

IRVINE, Calif.--(BUSINESS WIRE)--Kofax^® plc (LSE: KFX), a leading provider of Capture Enabled BPM™ (business process management) solutions, today announced the launch of Kofax MarkView^® for Accounts Payable 8.0, the first fully secure mobile solution for the automated capture and processing of accounts payable (AP) information. Kofax MarkView 8.0 significantly accelerates processes and optimizes cash management by enabling customers to use the cameras in mobile devices such as smartphones and tablets to capture, view, manage and approve information from receipts and invoices from anywhere, at any time, within a secure chain-of-custody that includes AP processes and workflows.

“The mobile device will initiate a high percentage of transactions and will be used to complete the transaction in real time. Straight-through transactions enhance user experience and improve process efficiency.”

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 authorized 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.

“Mobility … applications will change business processes radically over the next five years,” stated Craig Le Clair and Alan Weintraub in the Forrester Research, Inc report, The Forrester Wave™: Multichannel Capture, Q3 2012. “The mobile device will initiate a high percentage of transactions and will be used to complete the transaction in real time. Straight-through transactions enhance user experience and improve process efficiency.”

“Kofax MarkView for Accounts Payable addresses the most critical accounting functions facing organizations 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.”

About Kofax

Kofax^® plc (LSE: KFX) is a leading provider of Capture Enabled BPM^TM solutions. These award winning solutions capture and streamline the flow of business critical information throughout an organization in a more accurate, timely and cost effective manner, enabling our customers to be more responsive to their constituents and better grow their businesses. Kofax solutions provide a rapid return on investment to more than 20,000 customers in banking, insurance, government, healthcare, business process outsourcing and other markets. Kofax delivers these solutions through its own sales and service organization, and a global network of more than 800 authorized partners in more than 75 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit kofax.com.

© 2012 Kofax, plc. “Kofax” and “MarkView” are registered trademarks and “Capture Enabled BPM” is a trademark of Kofax, plc.