ReadSoft Online

Kofax ReadSoft Online is secure, quick to implement and offers a low cost of ownership (TCO) since there is no hardware to buy and maintain. But also, no software to install and upgrade. The unique functionality of the Kofax ReadSoft Online service provides organizations with optimal invoice processing efficiency. On the front end, its invoice processing component features a true optical character recognition (OCR) learning engine, which collectively brings together all of the knowledge of the entire user-base. With it, each new user benefits from the previous work that has been done with different form types, and types of recognition that have been captured before. Subscribers will, in turn, realize faster capture times, quicker set-ups and less need for verification. You can gain even further process efficiency through the business rule driven automated workflow of ReadSoft Online.

The service can adjust in scale to manage any size of workload. Unlike traditional on-premise solutions, Kofax ReadSoft Online also addresses the unique financial needs of small and medium enterprises and companies that process lower volume invoices for it is quick and easy to deploy and requires no capital investments. Kofax ReadSoft Online is available from 1.000 invoices per year.

Desktop view ReadSoft Online

Capture capabilities

#1

Adaptive, self-learning processing engine
Continuously improves in speed and precision. The software learns to locate pertinent data on an invoice, thereby delivering increasing value over time.

#2

Automatic Sorting of invoices
Differentiates suppliers from buyers and compares against data from your ERP system to determine invoice type like, invoice or credit note.

#3

Advanced Line-item data capture
Automatically recognizes line-item data. Even if line items differ in length, are not symmetrically spaced, or come from a multi-page invoice.

#4

Built-in support for regional variations
ReadSoft Invoices comes equipped with ready-to-use sets of country-specific settings. Including tax rates, date formats, currency characters and more.

#5

Validation and Line Paring
Automatically performs validation of items such as sums and tax amounts. But also, pairs invoice line items with purchase order lines.

#6

Business system integration
The solution integrates seamlessly with leading ERP systems, such as SAP, Oracle, Microsoft Dynamics 365 and more.

Workflow capabilities

#1

Complete Invoice Automation
Process and control every step in the chain such as data collection and completion, data matching and validation, error resolution, workflow, audit and monitoring.

#2

User friendly web interface
All routing and approval processes can be done in a user-friendly web interface.

#3

Approval matrix
Automatically determines the workflow agent for a job, based on characteristics of the invoice (e.g. supplier id, invoice amount) and on configurable parameters in the workflow design.

#4

G/L coding rules
Based on G/L coding done previously, and the invoice type the software will provide automatic coding suggestions.

#5

Validations – Matching
2-way and 3-way matching.

#6

Analytics
Workload and performance dashboards.

Automated invoice posting with ReadSoft Online

Maximize efficiency with ReadSoft online

Kofax ReadSoft Online posts invoices automatically in Microsoft NAV, Microsoft Dynamics 365, NetSuite and Coupa. Other systems can easily be integrated using XML and Webservices.

  • Upload invoices for interpretation and data extraction. Check and correct interpreted data.
  • Validate, match, code and approve PO and non-PO invoices.
  • Automatically transfer invoices and data to target system(s).

ReadSoft Online for Netsuite

Also, Oracle NetSuite customers require solutions for their paper and electronic-based invoicing OCR needs. Kofax ReadSoft Online for NetSuite provides customers with the richest set of invoice extraction features on the market for their environments.

Kofax ReadSoft Online for NetSuite enables organizations to extract supplier invoice data seamlessly and affordably into NetSuite. Set-up is fast and requires no additional IT involvement, no upgrade fees, and without complex and costly implementation projects. This highly scalable, multi-tenant cloud solution features a state-of-the-art HTML5 user interface that provides an intuitive user experience. Kofax ReadSoft Online for NetSuite is live 24/7 and is constantly monitored for optimum customer performance.

Related download

Download your ReadSoft Online for Netsuite product summary with technical specifications, key features and more.

ReadSoft Online for Coupa

Coupa customers require solutions for their paper and electronic-based invoicing OCR needs. When properly addressed, customers accelerate their e-invoicing on-ramp and business spend management return on investment. As a fully-certified CoupaLink solution, Kofax ReadSoft Online provides customers with the richest set of invoice extraction features on the market for their environments.

Kofax ReadSoft Online enables organizations to extract supplier invoice data seamlessly and affordably into Coupa cloud platform. Set-up is fast and requires no additional IT involvement, no upgrade fees, and without complex and costly implementation projects. This highly scalable, multi-tenant cloud solution features a stateof-the-art HTML5 user interface that provides an intuitive user experience.

Related download

Download your ReadSoft Online for Coupa product summary with technical specifications, key features and more.

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