Sasajo/Adobe Stock
Kofax, an automation software provider, announced yesterday an integration with Coupa to help large enterprises become more efficient in their digital transformation of expense management workflows, according to PYMNTS.com.
Accounting and finance workforces are increasingly encountering a higher load of invoices, the article said. It’s imperative that these teams can quickly comprehend and derive meaningful data from paperwork. Through the integration of the Kofax ReadSoft Online and Coupa Business Spend Management (BSM) platform, companies can focus on invoice processing and payment workflows with automation.
The article said that historically, the procure-to-pay (P2P) process has been brought down by non-automated, paper-based workflows for the intake, matching, green lighting and storage of vendor invoices. Just 1-in-10 accounts payable executives said their departments are fully automated. Kofax said companies that are best at automation can cu