Europe's Largest Retailer Expands Invoice-Processing System Built on Information Capture Technology

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Kofax, the worlds largest information capture vendor and its parent company DICOM Group plc ("DICOM Group"), recently announced a new expansion of an enterprise-scale Kofax Ascent for Payables system for The Carrefour Group, the largest retailer in Europe and the second largest in the world.

A recent deployment of the system in Carrefours home country of France follows a successful pilot installation in April for Carrefours Belgium stores.

In association with Kofax and its parent company DICOM, the short 90-day installation in France was performed with the help of Accenture, a global management consulting, technology services and outsourcing company, and involved the integration of Ascent technology to help automate Carrefours daily business processes.

With the new Ascent system, Carrefour greatly increases the processing rate of tens of millions of invoices that the company receives each year from its suppliers. In France, Carrefour is now processing approximately 10,000 invoices per day by loading them into a proprietary invoice-matching system, then automatically transferring them to a PeopleSoft ERP (enterprise resource planning) system.

Carrefour extended the system into France as the next step in the evolution of its fully scalable invoice-processing solution that fulfills the dynamic capture needs of its retail locations across the world. Carrefour stores in Switzerland and Turkey will be the next to integrate with the Ascent for Payables system.

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