Built on Kofax TotalAgility the world’s first intelligent automation platform®, transcendAP streamlines the procure-to-pay lifecycle, including capturing and approving accounts payable invoices and everything in between. It enables the user to solve complex accounts payable process issues immediately, and automate other business-critical processes.
transcendAP
Detailed Features and Benefits
Capture Invoices via Scan, Email and Folders
Capture Invoice by scanning, email or use folders to ingest invoices for extraction and validation.
Capture Invoice by scanning, email or use folders to ingest invoices for extraction and validation.
Extract and Validate Invoice Data using Industry leading Intelligent Recognition
Extract both header and line item information from anywhere in the page and then validate your data against your ERP system in real-time for vendor, chart of accounts and PO data.
Extract both header and line item information from anywhere in the page and then validate your data against your ERP system in real-time for vendor, chart of accounts and PO data.
Process Workflows, Notifications, Escalations and Exception Handling
Use out-of-the-box or configure your own workflows, notification and escalation parameters to maximize productivity and eliminate manual intervention.
Use out-of-the-box or configure your own workflows, notification and escalation parameters to maximize productivity and eliminate manual intervention.
Integrate with Any ERP System
Integrate with any ERP System for vendor matching, GL coding, purchase order two-way and purchase order and receipts three-way matching of vendor invoices.
Integrate with any ERP System for vendor matching, GL coding, purchase order two-way and purchase order and receipts three-way matching of vendor invoices.
Advanced Analytics Deliver Valuable Business Insight
Configurable reports and dashboards provide end-to-end visibility and insight for executives to drive process improvement, respond effectively to audits, and ensure compliance.
Configurable reports and dashboards provide end-to-end visibility and insight for executives to drive process improvement, respond effectively to audits, and ensure compliance.
Product Features:
- Provides two-way and three-way matching of line items on Invoices, POs, and PO receipts
- Captures invoices from scan, email or folders
- Automatically extracts and validates invoices in real-time against your ERP
- Easily identifies duplicate invoices
- Supports GL coding and posting
- Electronically enables routing and approval of invoices via web or mobile devices
- Assures timely task completion with escalations and notifications
- Enforces data is review and posting to the ERP system for payment processing
- Ensures compliance through a detailed audit trail including user comments
- Supports searching and retrieval of invoices either in-flight or posted to the ERP
- Provides visibility into performance through advanced analytic dashboards
Business Benefits:
- Faster deployment, configured to your needs
- Increase processing speed
- Improve internal controls to meet compliance requirements
- Reduce processing costs
- Reduce errors and better data quality
- Ability to handle multiple business units and multiple ERP systems in real time
- Visibility into process performance
- Optimize cash management
- Real-time AP performance management
- Ability to leverage a single platform to automate AP and other business critical processes