Wednesday 8th March, 2023
BlackLine is extending its relationship with Kofax to add electronic invoicing capabilities from Kofax’s Tungsten Network to its accounts receivable (AR) automation solutions.
The expanded alliance further strengthens BlackLine’s AR automation offerings, which already include industry-leading capabilities that optimise accounts receivable performance, create team capacity by removing manual processes, and provide critical decision-making intelligence to drive value in midsize and enterprise organisations.
By teaming with Kofax, BlackLine aims to help its customers stay in sync with rapidly changing electronic invoicing compliance requirements around the world.
“By adding support for electronic invoicing presentment and payments (EIPP), BlackLine now offers further automation - alongside our existing artificial intelligence capabilities - to drive state-of-the-art operational excellence for accounts receivable organisations,” said Andy Lilley, SVP of Channels & Alliances at BlackLine. “Kofax is a perfect complement to BlackLine’s existing AR automation solutions, further streamlining invoice-to-cash processes, and making BlackLine the option of choice for companies to assure ongoing compliance, and avoid potential fines and penalties, as governments increasingly regulate the world of electronic invoicing.”
Chris Strammiello, SVP Channels and Alliances at Kofax, added: “We are excited to partner with BlackLine to deliver a best-in-class automation solution for the Invoice-to-Cash process. BlackLine’s accounts receivable automation solutions and our Tungsten Network are a natural combination to bring world-class efficiencies to midmarket and enterprise credit operations. By joining our e-invoicing expertise with BlackLine’s AR focus, we now offer customers tremendous complementary value and a comprehensive solution for the global AR automation marketplace.”