Insights

The following are the most recent Kofax updates:

In an ideal world, new systems are simple to use and implement instantly across the enterprise. In the real world, not so much. The sheer size of new system rollouts requires training, process changes, occasionally new hardware, and the inevitable spike in support calls. More organic, phased rollout approaches are much more common.

Kofax’s Intelligent Automation Platform keeps improving. This is why we at Genus are on a mission to help you stay current on all Kofax business-critical updates and new releases. After all, staying up-to-date on Intelligent Automation offerings improves the stability of your software, removes outdated features, and helps enhance the user experience.

Software currency is hard. Keeping up with the stream of updates every software vendor releases can completely consume your talented staff of system administrators. And, speaking from experience, update work is less than fulfilling. At the end of the project, you have a different release of the software that substantially does the same thing it did before. There may be minor changes and improvements, but it is hard to convince an end-user community that all the production interruptions update projects sometime entail will truly make things better.

 

There is a little-known feature called “Export Credentials Management”, where you can update your export credentials all in one place instead of going into each export connector setup for each batch class. The following information is taken from the Kofax Capture 11.1 Help Guide.

Automatically extracting processable data from business documents, whether they have the structure of a form or not, is key to business efficiency. Costs associated with manually converting documents to data are significant, and human error rates guarantee a level of expensive rework. Industries have standards for electronically exchanging data, but the market, for reasons known and unknown, still relies on exchanging documents, forcing every business to bear the cost of data entry or implement document automation to control those costs. That’s where machine learning comes in.

A key financial process for any business is getting the check in the bank. Leaving customer payments laying around is literally leaving money on the table. The faster payments are credited to your accounts, the better your overall cash flow.

Today’s transactional systems make the concept of real-time updates a reality. Such updates are mandatory for systems like online ordering, where prospective customers want to know whether an item is in stock. However, for other systems—financial systems in particular—real-time updates create challenges when comparing the value of a set of transactions on one system with the value of the duplicate transactions on another system. The values must match; if they do not, someone must track down the issue. We all have struggled with balancing a personal checking account statement, and these systems are no different, except that the scale of the challenge can be much, much more significant.

9/19/22 - Kofax VRS 5.2.0.11 (5.2, Fix Pack 11)