Business
BlackLine Joins Forces with Kofax to Add Globally Compliant Electronic Invoicing Capabilities to Accounts Receivable Automation Solutions
BlackLine AR Automation combined with Kofax's global business transaction network creates end-to-end solution for automated invoice-to-cash efficiency LOS
About this update from Blackline, Inc.
[{"type":"text","content":"BlackLine AR Automation combined with Kofax's global business transaction network creates end-to-end solution for automated invoice-to-cash efficiency\nLOS ANGELES, Feb. 22, 2023 /PRNewswire/ -- Accounting automation software leader BlackLine, Inc. (Nasdaq: BL) is extending its relationship with Kofax, a global leader in Intelligent Automation, to add electronic invoicing capabilities from Kofax's Tungsten Network to its accounts receivable (AR) automation solutions.\n\n \n \n \n \n \n \n\n \nThe expanded alliance further strengthens BlackLine's AR automation offerings, which already include industry-leading capabilities that optimize accounts receivable performance, create team capacity by removing manual processes, and provide critical decision-making intelligence to drive value in midsize and enterprise organizations. By teaming with Kofax, BlackLine aims to help its customers stay in sync with rapidly changing electronic invoicing compliance requirements around the world. \nWith the newly added capabilities, BlackLine AR Automation customers are now able to further extend their invoice-to-cash journey by utilizing:\nElectronic invoicing allowing suppliers to streamline and digitize their accounts receivable process by routing invoices and connecting suppliers and buyersAn online portal where buyers can receive invoices and process paymentsFull compliance with e-invoicing guidelines internationallyAccelerated accounts receivable collections and efficiency through early action on delays in the invoice-to-cash process\"By adding support for electronic invoicing presentment and payments (EIPP), BlackLine now offers further automation - alongside our existing artificial intelligence capabilities - to drive state-of-the-art operational excellence for accounts receivable organizations,\" said Andy Lilley, SVP of Channels & Alliances at BlackLine. \"Kofax is a perfect complement to BlackLine's existing AR automation solutions, further streamlining invoice-to-cash processes, and making BlackLine the option of choice for companies to assure ongoing compliance, and avoid potential fines and penalties, as governments increasingly regulate the world of electronic invoicing.\"\nChris Strammiello, SVP of Channel & Alliances at Kofax, added: \"We are excited to partner with BlackLine to deliver a best-in-class automation solution for the In...