Kofax (LSE:DCM), a global leader of Intelligent Capture & Exchange solutions, and Open Scan Technologies, Inc. (OPEN SCAN®), a premier provider of modular and highly scalable receivables processing solutions, today announced a new joint reseller agreement.
Under the terms of the agreement, Kofax and OPEN SCAN will begin to offer a joint solution that seamlessly integrates Kofax Ascent® Capture, the world’s leading information capture platform and a key element of Kofax Intelligent Capture & Exchange, and RedCap™, OPEN SCAN’s flagship accounts receivable (A/R) solution that combines electronic check deposit, remittance processing, forms processing and cash application – all from the desktop.
As a result, organizations will have the opportunity to purchase a secure, fully integrated capture platform for order-to-cash and purchase-to-pay environments that is compliant with Check 21 and can be extended to remote users. Additionally, this capability will be available for customers and partners through Kofax.
“Our new joint solution compliments our accounts payable and intelligent capture strategy and positions our company as the vendor of choice for automating the corporate cash cycle,” said Rob Klatell, chief executive officer of Kofax’s parent company, DICOM Group. “We believe this collaboration enhances our strategic initiative to help organizations capture documents in the front office, where they originate, and move them in real-time to transactional business processes.”
“We’re pleased to be working with Kofax, the recognized leader in the software capture market,” said Nadine Lange, OPEN SCAN president and chief executive officer. “Kofax’s channel now has the opportunity to automate virtually any payment environment, including wholesale full-page remittances.”
Joint Solution Designed to Help Organizations Solve Key Accounts Payables/Receivable Challenges
When examining the payment/receivables process of most businesses, three significant automation opportunities emerge: Check Deposit, Remit Data Capture and Accounts Receivables (A/R) Cash Application. Considering the challenges related to managing unstructured and semi-structured wholesale full-page or check skirt payments, the new joint solution from Kofax and OPEN SCAN not only offers cost efficiencies over lockbox outsourcing, it saves in-house FTEs by automating the cash application process. These savings are achieved by intelligently matching and balancing outstanding invoices to incoming checks and remits, virtually eliminating hand-keying.
For more information about how to purchase this solution, please visit http://www.kofax.com or http://www.openscantech.com.
About Kofax
Kofax, a division of DICOM Group plc (LSE:DCM.L), is a global leader of Intelligent Capture & Exchange solutions. Its leading edge capture and exchange technologies and solutions enable Business Process Automation by managing the transformation and exchange of business-critical information (residing in various formats such as paper, fax, electronic documents, e-mail, SMS) among people, applications and devices. Kofax products are widely used in finance, government, insurance, healthcare, and a broad range of companies and agencies that must capture critical business information from paper and electronic documents and forms.
About OPEN SCAN®
Open Scan Technologies, Inc. (OPEN SCAN®) is a Kofax TAP partner and is a premier provider of modular and highly scalable receivables processing solutions that extend the functionality of remote deposit capture and wholesale lockbox. The company’s flagship product, RedCap™, delivers the convergence of electronic check deposit, remittance processing, forms processing and cash application; all at the desktop. For more information: www.openscantech.com.
Kofax and Ascent are trademarks or registered trademarks of Kofax. All other trademarks and registered trademarks belong to their respective owners.
Contacts:
Michael Troncale, 949-727-1733, x434
michael_troncale@kofax.com
