Invoice processing automation with ReadSoft Online for end-to-end efficiency

Process invoices in the cloud to enjoy lower processing costs, faster invoice cycle times, improved supplier relationships, and more effective cash management.

Twofold Ltd is partnered with Kofax to provide market-leading invoice automation in the cloud with Kofax ReadSoft Online™. This multi-tenant Saas solution allows you to transform accounts payable into a transparent, controlled, and strategic business unit, processing PO, and non-PO invoice data.

Save Time with Best-in-Class Cognitive Capture for Invoices

Enjoy the labour reducing benefits of improved extraction rates, typically at 80% and as high as 95%. Adaptive, self-learning capabilities improve processing speed and precision over time as the application learns to locate invoice data.

 

Streamline Invoice Processing with Workflow Automation

Automated workflow accelerates invoice processing and ensures proper routing of invoices, enforced approval policies, higher levels of accuracy, and decreased dependency on manual labour.

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What are the benefits?

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Lower operating costs

Improve customer service with Twofold Ltd

Better customer service

Save time with letter openers from Twofold Ltd

Faster processing

Quality products from Twofold Ltd

Better information quality

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Increased efficiency

Enhanced productivity with digital transformation from Twofold Ltd

Enhanced productivity

lelegal regulations Twofold Ltd

Greater regulatory compliance

Transform your business with Twofold Ltd

More agile processes

Process invoices seamlessly and affordably in the cloud:

  • Oracle Financials Cloud
  • Oracle NetSuite
  • Microsoft Dynamics Navision (NAV)
  • Microsoft Dynamics 365 – Finance and Operations (D365 F&O)
  • Microsoft Dynamics 365 – Business Central (D365BC)
  • Coupa Business Spend Management

Ready to get started with ReadSoft Online?

What is financial process automation (FPA)?

Financial Process Automation (FPA) solutions fully integrate with any ERP system to optimise the purchase-to-pay, order-to-cash and record-to-report cycles. Modernise and simplify your Accounts Payable and Sales Ordering processes with automation software, and you’ll be able to capture and extract information from any source, automatically routing it into an approval workflow, and transferring information into your system of record. FPA eliminates delays with error free processes, and provides total visibility into data.

By breaking financial process silos, organisations systematically increase efficiency and better working practices among staff, suppliers and customers, driving strategic business outcomes with complete process control and insights at their fingertips.

Purchase-to-Pay

Invoice automation is a natural first step towards process improvements for many organisations, but top performing organisations are 77% more likely to use a complete P2P solution. Automating the entire purchase-to-pay process, from purchase requisitions to payment approvals, offers opportunities for major gains in efficiency and cost savings.

 

Order-to-Cash

With around 86% of sales orders still received non-electronically, processes that incorporate manual tasks make order-to-cash efficiency and A+ customer service nearly impossible. Automating sales order processing, order fulfilment and payment advice processing reduces Days Sales Outstanding, accelerates handling of receivables, and gives staff and customers up-to-date information about payment status.

Record-to-Report

Automating financial postings and master data management ensures data accuracy, timeliness, and transparency so organisations can make better business decisions, have more satisfied customers and ensure regulatory and user compliance.

Kofax ReadSoft Online cloud based invoice automation software

Get the ReadSoft Online datasheet to find out more

Kofax ReadSoft Online™ provides market-leading capture, extraction, validation, configurable business rules, general ledger coding, and user-driven approval and exception workflows for invoice processing in the cloud, offered as a software as a service (SaaS) on Microsoft Azure. The solution enables companies to process invoices seamlessly and affordably. This highly scalable, multi-tenant cloud solution features an intuitive HTML 5 user interface, is live 24/7, and is constantly monitored for optimum performance. With adaptive self-learning technology and minimal need to invest in expensive IT-infrastructure, Kofax ReadSoft Online provides a rapid return on investment.

Accounts receivable icon

Accounts Receivable Automation

Financial Close automation software

Financial Close Automation

Book your demo, sign up for a free trial, or ask about Kofax ReadSoft Online pricing

Call us on 0118 951 9800

Financial Process Automation from Twofold Ltd

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ReadSoft Supplier Portal™

Extend invoice processing automation with a cloud-based self-service supplier portal.

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ReadSoft Online

Accurately capture, extract and validate invoice data with a cloud-based accounts payable solution.

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Invoice Processing Agility

Transform accounts payable with an enterprise-level invoice processing solution.

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AP Agility

Transform accounts payable with an enterprise-level intelligent invoice and workflow automation solution.
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ReadSoft Invoices

Easily automate the scanning, interpreting and filing of data for all invoices, no matter the format.

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MarkView for Oracle

Automate invoice processing and accounts payable operations in Oracle E-Business Suite.

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Optitrade

Optimize trade management for financial services institutions.

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ReadSoft Invoice Portal

Cloud-based e-invoicing solution and certified PEPPOL access point for sending and receiving e-invoices.

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ReadSoft Process Director for SAP

Automate financial processes in SAP.

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Need to know more?

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ECM -OnBase

ECM is an umbrella term that typically encompasses various technologies. Whatever format your business takes, from paper documents to electronic data streams, OnBase can capture it all. making it available from one central place.
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Kofax Total Agility

As a Platinum partner of Kofax, Twofold have invested in the skills required to implement and support your Kofax environment. TotalAgility is easy-to-use for modelling, design, analysis, simulation and testing of processes.
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Business Intelligence

If your business is looking to improve decision making, reduce costs and maximise efficiency, then an investment in business intelligence is a great way to identify opportunities for improvement.
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Kofax RPA

Kofax RPA (formally Kofax Kapow) is the world’s leading process automation software solution, unique in its ability to give business users the ability to build a suite of applications without any scripting or programming skills.
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Digital Transformation

In an increasingly digital world led by online giants like Amazon and Google, many businesses are looking to embrace a move into digital. Thankfully there are a range of digital transformation solutions from Twofold that can help ease this transition and saving you time and money.
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Integrations

Whether your software is run locally or deployed in the cloud, Twofold has the ability to link to over 500 back end applications either with certified connectors, standard interface methodologies.
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Document Scanning

The latest in scanning technology and functionality enables you to do so much more than just capture an image. Documents can be automatically identified, scanned or digitised, then passed back through as an electronic document to follow the same route as an email, fax or e-form.
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SignDoc™ e-Signature

Leading organisations in banking, insurance, retail and many other industries worldwide now use SignDoc®. Reduce your operational costs, speed time to closure, improve customer satisfaction, stay compliant and operate securely.

Accreditations & Partners