Post on 13-Jan-2016
description
transcript
Kofax TransformationKofax Transformation
David Wright, Sales Engineer
Emerging Markets
David Wright, Sales Engineer
Emerging Markets
Kofax Capture - The Operating System of Capture
Deliver
•ECM
•Workflow
•ERP
•CRM
Extract
•Key from image
•OCR
•ICR
•OMR
Collect
SeparateValidate
50+ Registered
Export Connectors
Developer Community
Developer Community
50+ Registered
Custom Modules
without Virtual ReScanwithout Virtual ReScan with Virtual ReScanwith Virtual ReScan
Original
Kofax Virtual Rescan (VRS)
Kofax Capture - The Operating System of Capture
Deliver
•ECM
•Workflow
•ERP
•CRM
Extract
•Key from image
•OCR
•ICR
•OMR
Collect
SeparateValidate
50+ Registered
Export Connectors
Developer Community
Developer Community
50+ Registered
Custom Modules
Auto-Separate
? ?
Auto-Extract
Auto-Classify
Invoice
OrderContract
Kofax Transformation is Intelligence
Cognitive Capabilities
• Concept Formation
• Generalization
• Remember
• Identify
• Comprehending Intelligence
Technical Equivalence
• Classification
• Clustering
• Associative Matching
• Extraction
• Automated processes
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, lettersFax
Kofax Transformation Customers
• 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
490 customers
264 million documents per year
67% growth 2006-2008
Documentpreparation
Scan with VRS
Validation Export & Release: DMS, ERP,Workflow
Online Learning
Transformation
Invoice
Inv
oic
e
Invoice
Invoice Capture Process
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
Extract Data
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 calls to supplier, purchasing department, internal
buyer,. … (EUR 7+ per call)
Phase 5: Improve Data Quality
Calculating Savings
Approx. Savings per invoice:Control paper flow: EUR 7+
Reduce Manual Labor: EUR 1+
Enhance process transparancy : EUR 1+
Add Electronic: EUR 1+
Improve Data Quality: EUR 2+
Automatic Feedback & Issue resolution: EUR 3+
= Approx. savings from EUR 15 per invoice
Reduction of errors & dispute costs with each phase
Reasons for Automation - Kofax Solution
Changing Role of Accounts Payables
Focus on core business - Reduced workload due to automation
Need for Cost Reduction Reduction of overhead, process and IT costs
Shareholder Responsibilities- erratic reporting
Proper closing of the accounts, correct financial statements
Transparency Awareness of the current status of the invoice
Compliance Regulations The entire process is stored and traceable
High ROI and low TCO High ROI, easy to train system without any IT intervention
Customer needs Benefits provided by
Invoice Processing Solution
Kofax Enterprise Mailroom Solution
• What is it?• Who is it from?• What information 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 types0%
25%
50%
75%
100%