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Kofax Transformation Modules™ (KTM)

Kofax Transformation Modules (KTM) streamline the transformation of business documents into structured electronic information

The single Platform for Smart Process Appreciations

About Kofax Transformation Modules™ (KTM) forms and invoice management software solution

Invoice processing solution
Data extraction software validates header, amount and line item data from supplier invoices to cut manual data entry costs and reduce processing exceptions.
Digital mailroom
Classify incoming mail as it enters the organization so it can be routed via workflow to departments and individuals, eliminating manual document sorting.
Forms processing and management software
Classify multiple form types and revisions and extract handprint and barcode data from them to eliminate document sorting and reduce manual data entry.
Sales order processing
Data extraction from scanned and faxed purchase orders is validated against catalog databases using fault-tolerant fuzzy matching, reducing the order-to-cash cycle.
Scan-to-archive
Classify documents and extract multiple index fields to enable reliable posting to a document management system and easy retrieval.
Document separation/identification: Identify individual document types within large packets or folders without separator sheets, reducing document preparation and folder review costs.
Medical claims processing
Automatically extract data from HCFA/CMS-1500 and UB-04 forms to increase claims throughput.

Veritcal Focus

Kofax Transformation Modules are a horizontal forms and invoice management software solution application that fits almost any organization’s document transformation needs. However, key target industries are typically:

Challenges

 
Utility Company has more than 7,000 active cost centers
 
10,000 invoices are received every month, 6,000 in paper format
 
Many vendors were unable to stop using paper-invoicing methods
 
Employees didn't want to handle paper-based invoices resulting in a processing backlog
 
Selected vendor had to be as familiar with the payables process as it was with the technology intended to better manage paper

Solution

Results

 
Paper invoices now average 10 days to approval, down from 35 to 50 days in the past
 
Kofax invoicing solution allows customer to pay an invoice within 24 hours
 
VRS cleans, corrects and repairs scanned images, eliminating manual verification
 
Customer has not had to hire additional staff, despite an increase in invoice levels

About Kofax Transformation Modules™ (KTM) forms and invoice management software solution

Invoice processing solution
Data extraction software validates header, amount and line item data from supplier invoices to cut manual data entry costs and reduce processing exceptions.
Digital mailroom
Classify incoming mail as it enters the organization so it can be routed via workflow to departments and individuals, eliminating manual document sorting.
Forms processing and management software
Classify multiple form types and revisions and extract handprint and barcode data from them to eliminate document sorting and reduce manual data entry.
Sales order processing
Data extraction from scanned and faxed purchase orders is validated against catalog databases using fault-tolerant fuzzy matching, reducing the order-to-cash cycle.
Scan-to-archive
Classify documents and extract multiple index fields to enable reliable posting to a document management system and easy retrieval.
Document separation/identification: Identify individual document types within large packets or folders without separator sheets, reducing document preparation and folder review costs.
Medical claims processing
Automatically extract data from HCFA/CMS-1500 and UB-04 forms to increase claims throughput.

Veritcal Focus

Kofax Transformation Modules are a horizontal forms and invoice management software solution application that fits almost any organization’s document transformation needs. However, key target industries are typically:

Challenges

 
Utility Company has more than 7,000 active cost centers
 
10,000 invoices are received every month, 6,000 in paper format
 
Many vendors were unable to stop using paper-invoicing methods
 
Employees didn't want to handle paper-based invoices resulting in a processing backlog
 
Selected vendor had to be as familiar with the payables process as it was with the technology intended to better manage paper

Solution

Results

 
Paper invoices now average 10 days to approval, down from 35 to 50 days in the past
 
Kofax invoicing solution allows customer to pay an invoice within 24 hours
 
VRS cleans, corrects and repairs scanned images, eliminating manual verification
 
Customer has not had to hire additional staff, despite an increase in invoice levels
 
Financial Services:
  • Insurance (application forms, claims, customer correspondence/service, HR)
  • Banking (application forms, mortgage applications, loan documents, customer correspondence/service, HR)
State and Local Government (vehicle licensing and registration documents, tax forms, HR)
 
Manufacturing (invoices, sales orders, proof of delivery, HR)
 
Transportation (invoices, proof of delivery, bills of lading, HR)
 
Retail and Distribution (invoices, sales orders, proof of delivery, HR)
 
Legal (case management)
 
Reduced operating costs from document management
Drastically cut hours spent sorting documents by type and manually keying data into applications
 
Increased responsiveness and data extraction
Instantly convert scanned and electronic documents into data ready to be integrated into business processes.
 
Increased productivity
Focus your staff on tasks such as customer service that will add value to your business, not document handling and data entry.
 
Improved data quality and consistency
Validate information as it is captured, reducing the number of downstream processing exceptions and mitigating the risk of compliance issues.
 
Higher data quality
Ensure that extracted data is correct before it is used by the business, resulting in fewer processing exceptions and fewer customer queries.

Benefits

 
Reduced operating costs from document management
Drastically cut hours spent sorting documents by type and manually keying data into applications
 
Increased responsiveness and data extraction
Instantly convert scanned and electronic documents into data ready to be integrated into business processes.
 
Increased productivity
Focus your staff on tasks such as customer service that will add value to your business, not document handling and data entry.
 
Improved data quality and consistency
Validate information as it is captured, reducing the number of downstream processing exceptions and mitigating the risk of compliance issues.
 
Higher data quality
Ensure that extracted data is correct before it is used by the business, resulting in fewer processing exceptions and fewer customer queries.

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