Tuesday 9th February, 2021
Kofax has announces it has integrated with Coupa Software to help enterprises deepen operational efficiencies as they digitally transform their spend management processes.
Integrating Kofax ReadSoft Online™ with Coupa Business Spend Management (BSM) Platform, organisations can transform invoice processing and payment processes with automation.
For instance, they can leverage best-in-class document intelligence and machine learning from Kofax to extract data from invoices spanning multiple formats and languages, and then route extracted data into downstream spend management processes managed by Coupa. The native integration between Kofax ReadSoft Online and Coupa, certified as a CoupaLink solution will help to significantly reduce complexity and accelerate adoption.
“Finance and accounting teams face a growing burden processing large volumes of invoices, so it’s imperative for them to rapidly understand and extract meaningful information from these documents,” says Roger Goulart, Senior Vice President of Business Development and Alliances at Coupa. “We’re proud to integrate with Kofax to help our customers realise end-to-end automation and seamlessly unlock data needed to drive their spend management processes in Coupa.”
"Customers seeking to transform accounts payable workflows are increasingly turning to Kofax for automation solutions that improve business agility through greater levels of digitisation while also cutting operational expenses," says Chris Huff, Chief Strategy Officer at Kofax. “With this new integration, Kofax and Coupa customers benefit from organisations’ desire and commitment to continually innovate and streamline this process.”