Kofax invoice processing solutions reduce costs and improve productivity in health centers

Kofax plc (LSE: KFX), the leading provider of document driven business process automation solutions, today announced it is providing Australia’s largest state public health department with a solution to process approximately 2 million invoices received annually. The value of the contract to Kofax is $750,000.

“Kofax solutions are simple to deploy and easy to use, enabling customers to take costs out of document intensive operations. Our invoice processing solutions are proven to typically deliver verifiable ROI in less than a year.”

The organization will use Kofax software to capture and extract data from invoices that originate in 220 public hospitals and more than 500 community health centers state wide. The resulting data and images will then be matched and validated at two service centers and exported into an Oracle Financials system for further processing. The software will decrease the need for labor intensive, manual data entry and allow the agency to significantly reduce costs, increase efficiency and improve vendor relationships. Capturing data at hundreds of origination points will also eliminate significant mailing and tracking costs and accelerate turnaround times, leading to further productivity improvements.

“Large government agencies require automated invoice processing solutions that are fast, accurate, secure and cost effective,” said Alan Kerr, Executive Vice President of Field Operations at Kofax. “Kofax solutions are simple to deploy and easy to use, enabling customers to take costs out of document intensive operations. Our invoice processing solutions are proven to typically deliver verifiable ROI in less than a year.”