Kofax AP Essentials
Formerly known as ReadSoft Online.
Kofax AP Essentials 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 an accurate 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, with different form types, and captured samples from documents. 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 Kofax AP Essentials.
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. Companies that process lower volume invoices for it are quick and easy to deploy and require no capital investments. Kofax AP Essentials, formerly ReadSoft Online is available from 1.000 invoices per year.