Kofax Announces ReadSoft Online Integration with Microsoft Dynamics 365 for Invoice & Accounts Payable Automation

Integration with Dynamics 365 Digitally Transforms Procure-to Pay Workflows and Automates Manual Tasks

IRVINE, Calif.--(BUSINESS WIRE)--Kofax®, a leading supplier of intelligent automation software for digital workflow transformation, today announces the integration of ReadSoft Online, its software-as-a-service (SaaS) solution for invoice data extraction and accounts payable automation, with the Microsoft Dynamics 365 platform. The integrated solutions allow organizations to transform their procure-to-pay workflows and automate mission-critical processes.

“Kofax and Microsoft share a vision of enabling accounts payable teams to accelerate their digital transformation initiatives,” says Kathleen Delaney, Chief Marketing Officer at Kofax. “The integration announced today illustrates how we’re delivering on that vision, helping our customers unify complex workflows, siloed systems and human capital.”

Together, Kofax ReadSoft Online and Dynamics 365 enable accounts payable departments to reduce invoice processing time by as much as 80 percent. The joint solution allows them to automatically process invoice data in more than 35 languages and across hundreds of formats via Kofax ReadSoft Online. They can then route those invoices through their broader workflows managed in Dynamics 365. The wizard-driven setup process simplifies connecting the Kofax and Microsoft platforms while avoiding complex integration initiatives.

“Our mutual customers rely on solutions like Kofax’s ReadSoft Online to streamline invoicing processes,” says Georg Glantschnig, General Manager, Dynamics 365 Finance at Microsoft. “The ReadSoft Online integration with Microsoft Dynamics 365 Finance is the type of technological innovation that enables our customers to seamlessly transform their processes via automation.”

About Kofax

Kofax enables organizations to Work Like Tomorrow™—today. Kofax’s Intelligent Automation software platform and solutions digitally transform document intensive workflows. Customers realize greater agility and resiliency by combining our process orchestration, cognitive capture, RPA, output management, analytics and mobile capabilities to speed time-to-value and increase competitiveness, growth and profitability while mitigating compliance risk. For more information, visit kofax.com.

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