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Editor’s Note: As 2015 draws to a close, it is the time of year when we revisit some of our best articles from the past year. Over the next week, the Payables Place team will wrap up its eight-part series on the “Best of 2015.” Today’s article details Ardent’s thoughts on the importance of Lexmark purchasing Kofax, which ran [...]

Over the past few years, Lexmark (NYSE: LXK), the longstanding manufacturer of laser printers and print supplies, has made an aggressive push into software and services. On Tuesday, March 24, it continued this push with the announcement of its plans to buy Kofax (NASDAQ: KFX) for $11 per share or approximately $1 billion, net of cash at closing. The price [...]

Earlier this week, Lexmark (NYSE: LXK) announced that it had commenced a cash tender offer for all of the outstanding shares of  ReadSoft (NASDAQ OMX: RSOF-B), a Sweden-based provider of AP automation and document management solutions. ReadSoft was founded in 1991 and has approximately 625 employees. The company is headquartered in Helsingborg, Sweden. The offer [...]

Even with eInvoicing solutions becoming more commonplace within the enterprise today, there is still a significant amount of paper and PDF invoices being submitted by suppliers. In fact, the average company still receives the majority of its invoices manually (i.e., paper, PDF, fax). These invoice formats require manual data entry and are generally inefficient from [...]

Based on research from Ardent’s latest report – ePayables 2013: AP’s New Dawn The primary role of these solutions/services is to take paper-based documents and transform the data that lies within them into a usable electronic format which can then be processed in a more automated and efficient manner. The three solutions mentioned below are [...]

With IFO’s Fusion Conference underway in Nashville, I was sure that there would be some newsworthy activity and I was not wrong. On May 14th, Iron Mountain (NYSE:IRM) the information management company announced a new AP automation solution (Iron Mountain Electronic Invoice). The solution/service digitizes paper invoices and allows customers access to an online tool [...]

On March 5th, 2012, Lexmark International announced the acquisition of Brainware for $148 million; the company will join a Lexmark subsidiary, Perceptive Software. Perceptive is a provider of enterprise content management and business process management solutions (including imaging and workflow solutions), the company was acquired by Lexmark in 2010. Brainware is a provider of intelligent [...]

In July of 2011, the US Department of Treasury announced that it is mandating that all Treasury Bureaus implement the Internet Payment Platform (IPP) by the end of 2012 and in 2013 Treasury will require that its commercial vendors submit their invoices using IPP. This initiative will both improve government efficiency and cut costs for [...]