210 likes | 720 Views
Kofax Transformation. David Wright, Sales Engineer Emerging Markets. Kofax Capture - The Operating System of Capture. Validate. Separate. Developer Community. Developer Community. Collect. 50+ Registered Export Connectors. 50+ Registered Custom Modules. Extract Key from image OCR ICR
E N D
Kofax Transformation David Wright, Sales Engineer Emerging Markets
Kofax Capture - The Operating System of Capture Validate Separate Developer Community Developer Community Collect 50+ Registered Export Connectors 50+ Registered Custom Modules • Extract • Key from image • OCR • ICR • OMR • Deliver • ECM • Workflow • ERP • CRM
Kofax Virtual Rescan (VRS) without Virtual ReScan with Virtual ReScan Original
Kofax Capture - The Operating System of Capture Validate Separate Developer Community Developer Community Collect 50+ Registered Export Connectors 50+ Registered Custom Modules Auto-Extract Auto-Classify Invoice Contract Order Auto-Separate ? ? • Extract • Key from image • OCR • ICR • OMR • Deliver • ECM • Workflow • ERP • CRM
Cognitive Capabilities Concept Formation Generalization Remember Identify Comprehending Intelligence Technical Equivalence Classification Clustering Associative Matching Extraction Automated processes Kofax Transformation is Intelligence
Document Types Structured • We know where everything is on page • Forms Semi-structured • We know what is on page, but not where • Invoices Unstructured • We don‘t know what is on page • Email, letters Fax
Kofax Transformation Customers • 490 customers • 264 million documents per year • 67% growth 2006-2008 • 3 customer types • Small <30,000 to 100,000 docs/year • Medium ~300,000 docs/year • Enterprise >1,000,000 docs/year • Our solutions • Document classification • Workflow automation • Mailroom automation • Forms processing • Fax processing • Invoice, orders, accounts payable Most complete Scalable Transformation Product on the market
Invoice Capture Process Invoice þ Invoice Invoice Documentpreparation Scan with VRS Validation Transformation Export & Release: DMS, ERP,Workflow Online Learning
Extract Data Invoice number and date Master data of supplier Name and complete addressof buyer VAT number of supplier andbuyer (the latter depending oncountry and gross amount) Delivery date of goods/services PO number Line items: description of goods, quantity, VAT rate, unit and total price Currency, subtotal, VAT rate, VAT amount, total Bank details, terms of payment
Intelligent solution • 70% invoice header data extraction out-of-the-box • Invoices knowledge base (pre-trained) • Uses an template / template-free approach,using rules powerful enough to work across all invoices • Learn by example extraction technology • Improve real-time extraction • Table line item extraction for 3 way matching • Full international support • 140 recognition languages • Unicode for European, Cyrillic and Asian countries
Additional Benefits for the Customer • Reduced AP labor (time saving) • Significant cost reduction • Higher supplier satisfaction due to quicker processing of the invoices • Higher employee satisfaction
Business Challenges Do you recognize these business pains? No automated matching of invoice because of • Data errors • Business Logic errors • Invoice conformity issues • Extraction related issues Accounts personnel has to manually fix the problem • place outbound callsto supplier, purchasing department, internalbuyer,. … (EUR 7+ per call) Phase 5: Improve Data Quality
Calculating Savings • Reduction of errors & dispute costs with each phase
Reasons for Automation - Kofax Solution Customer needs Benefits provided by Invoice Processing Solution
What is it? Who is it from? Whatinformation is in it? Who do I send it to? Germany 30 million pages per year mail – fax – email 91 document types 24 Transformation Servers 400 validation stations Results Credit application approval in 10 minutes, other docs in 24h. 100% increase in productivity ROI in 3 months. Improved Customer Service Scalable – business can grow 2008 – 300 new document types Kofax Enterprise Mailroom Solution