Nucleus Research Case Study Examines ROI Delivered By Kofax Intelligent Capture & Exchange At Corporate Express

By Kofax

Corporate Express deployed an invoice processing solution with Kofax Intelligent Capture & Exchange to automate paper-based processes in its accounts payable division in order to reduce invoice management costs, streamline invoice approval processes, and integrate financial documents with a centralized content management system to reduce document search and retrieval time.

• Improved invoice search and retrieval. Employees no longer spend 53 hours a month manually collecting, retrieving, and distributing invoices to other employees in the organization. By integrating Kofax Intelligent Capture & Exchange with its document management system, invoices are now centrally stored, easily retrievable, and properly versioned, saving the company more than $26,000 a year.
• Improved accounts payable processor and coordinator productivity. By automating specific workflows associated with invoice management, Corporate Express has reduced the time it takes for accounts payable coordinators and processors to track invoices, seek approvals, and settle accounts. As a result, employees are able to focus on other tasks and Corporate Express has been able to maintain the same size workforce despite additional growth.
• Increased compliance and improved payment efficiency. Because invoices are now centrally stored, tracked, and audited, Corporate Express has improved its relationships with suppliers while simultaneously keeping accurate records of invoice activities to ease compliance of financial regulations.
• Self-service management. By compiling invoices into a central location and integrating various workflows, management has a greater ability to ensure proper tracking, approval, and payment of invoices without having to consult other colleagues or call suppliers.