Articles
Europe's Largest Retailer Expands Invoice-Processing System Built On Information Capture Technology
January 12, 2006
Kofax, the world's largest information capture vendor and its parent company DICOM Group plc ("DICOM Group"), today announced a new expansion of an enterprise-scale Kofax Ascent for Payables system for The Carrefour Group, the largest retailer in Europe and the second largest in the world. A recent deployment of the system in Carrefour's home country of France follows a successful pilot installation in April for Carrefour's Belgium stores.
In association with Kofax and its parent company DICOM, the short 90-day installation in France was performed with the help of Accenture, a global management consulting, technology services and outsourcing company, and involved the integration of Ascent technology to help automate Carrefour's daily business processes.
With the new Ascent system, Carrefour greatly increases the processing rate of tens of millions of invoices that the company receives each year from its suppliers. In France, Carrefour is now processing approximately 10,000 invoices per day by loading them into a proprietary invoice-matching system, then automatically transferring them to a PeopleSoft ERP (enterprise resource planning) system.
Carrefour extended the system into France as the next step in the evolution of its fully scalable invoice-processing solution that fulfills the dynamic capture needs of its retail locations across the world. Carrefour stores in Switzerland and Turkey will be the next to integrate with the Ascent for Invoices system.
About Kofax
Kofax, a division of DICOM Group plc (LSE: DCM.L), is the world leader in production capture systems software, according to research by Strategy Partners. Kofax products accelerate business processes and reduce their cost by collecting paper documents, forms and e-documents from throughout organizations, transforming them into retrievable information, and delivering it all into line-of-business applications, databases and archives. The company's Ascent platform is the most popular information capture application worldwide, and its VRS (VirtualReScan) is the de facto standard for scanning productivity. 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.
