Kofax receives US data extraction patent

Kofax has been issued a patent that covers technology to determine the validity of data extracted from documents by reverse matching the extracted data with information contained in an organisation’s systems of record, such as an ERP system.

The technology was invented to automatically and correct erroneous or suspicious extracted data in high volumes of business transaction documents, including purchase orders, invoices and receiving information.

“Transactional documents are mainly designed for human readability. They are received in both paper and electronic formats and the layout and language within the documents differ vastly between parties, which makes the reverse matching capability extremely beneficial for ensuring accuracy and processing speed,” stated Anthony Macciola, chief technology officer at Kofax. “The technology embodied in this patent exemplifies Kofax’s commitment to continually innovate and develop smart solutions that drive business value to customers.”

The technology encompassed within this patent is currently being used within Kofax Transformation Modules for its ability to locate and match line items within invoices used in accounts payable automation solutions. 

Kofax has 18 issued US patents and 13 issued foreign patents relating to digital image quality, data capture capabilities, and business process technologies. It also has 37 patent applications pending worldwide.