Kofax (http://www.kofax.com) announced a new release of the MarkView Financial Suite.Release 6.5 is the first release following the acquisition of 170 Systems by Kofax during September 2009. It more tightly integrates Kofax’s capture software. This enables the automated receipt and capture of paper and electronic documents, extraction and perfection of the data and workflows for routing transactions through exception handling and approvals on one unified platform.

“Release 6.5 is designed to help customers realize lower costs by providing a single, consistent end-to-end process for handling all paper and electronic invoices,” said Jim Nicol, Executive Vice President of Products at Kofax. “This new release reflects our commitment to best leverage assets from the 170 Systems acquisition to deliver a financial process automation platform that is simple to deploy and use while reducing a customer’s total cost of ownership.”

“As a champion of the E-Payables AXIS Report, Kofax solutions should be strongly considered by all A/P departments contemplating an A/P transformation/automation project,” said Andrew Bartolini, Vice President of Global Supply Management Research at Aberdeen.

Full Kofax Capture Integration

MarkView 6.5 features full integration of Kofax capture software. This includes the business rules, knowledgebases and learn-by-example technologies for invoice recognition, classification and extraction that results in improved data quality, reduced processing costs and fewer exceptions. For example, invoices without a corresponding purchase order can be automatically routed for approval without the need for manual, time consuming processes.

Integration of Kofax e-Transactions

With the integration of Kofax e-Transactions, users can also take advantage of a single platform for the processing of both paper and electronic invoices.

Simultaneous Support for Oracle and SAP and Expanded SAP Integration

Release 6.5 supports both Oracle and SAP simultaneously. The release has also passed certification for SAP ArchiveLink integrated with SAP NetWeaver 7.00.

Support for Windows 7 and Internet Explorer 8

The new release also adds support for Windows 7 and Internet Explorer 8. This allows users to run MarkView using the latest Microsoft operating system and browser platforms.

New Language Support

MarkView 6.5 expands its global market access by adding support for new languages. Along with French and German, the release now supports Italian, Spanish and Portuguese for both Oracle and SAP environments.

MarkView 6.5 is now available.