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Automated document sorting cuts costs and improves accuracy

Posted on 10/19/2010

Kofax Blog Post

Let's face it; every customer is expecting you to cut costs without sacrificing quality or services. That is NOT EASY!  If this sounds familiar, you might want to consider automating your document sorting and classification.

Kofax Transformation Modules (KTM) is an add-on application that integrates seamlessly with Kofax Capture software to transform documents into useful electronic data. KTM eliminates the need for the expensive and error-prone task of document sorting. It can take handwritten notes, invoices, checks and forms and convert them into data that can be used in a variety of ways throughout your organization.

Automating this process can actually improve the accuracy of your document classification. KTM uses high-powered OCR technology that recognizes more than 140 languages with incredible accuracy. On average, users achieve 95 percent accuracy when manually classifying or extracting documents. KTM technology reduces the error rate to less than 5 percent and it does it automatically, saving your staff time to work on more mission-critical tasks.

Companies can reap the benefits of KTM in a variety of a ways. Some examples include:

  • Invoice processing – Reduce data entry costs by automatically extracting and validating line item data from invoices.
  • Digital mailroom – Eliminate manual document sorting by classifying all incoming mail and automatically routing it to the right department.
  • Sales order processing – Shrink the order-to-cash cycle by extracting orders from scanned and faxed POs and validating them against catalog databases.
  • Document separation – Cut back on document preparation and let KTM identify and sort document types within large packets or folders.

Kofax Transformation Modules handles all documents, regardless of type, on one easy-to-use platform. And, no software is necessary. KTM gives employees the ability to edit and correct documents online.

If you think Kofax Transformation Modules can help your organization reduce costs and improve the quality of your document management, please contact us online or at (908) 735-0393.  

Tags:
kofax automation document management


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