Tungsten AP Essentials™
Capture, analyse, validate, and approve invoices seamlessly from various sources.
Cloud-based Automation for Invoices
Tungsten AP Essentials™ stands as an outstanding solution for Accounts Payable, proficiently automating the capture and validation of invoices regardless of the source or format. Whether invoices come in paper, PDF, or other electronic formats delivered through postal services, emails, EDI, or Internet portals, AP Essentials effortlessly facilitates their swift capture, categorisation, and routing with the utmost security and consistency
Powered by advanced optical character recognition (OCR) technology, AP Essentials ensures remarkable accuracy in extracting data. The extracted information undergoes validation, and classification, and is then directed for approval, effectively streamlining the entire invoice processing workflow for organisations. Seamless integration with existing financial systems ensures a smooth end-to-end process, minimising manual data entry and enhancing overall efficiency.
Left column
Optimise your time with advanced cognitive capture technology
Experience the efficiency-boosting advantages of enhanced extraction rates. Adaptive capabilities driven by artificial intelligence elevate document processing speed and precision in extraction.
Right column
Enhance invoice processing through automated workflows
Native processes guarantee accurate invoice routing, enforce approval policies, and provide increased transparency into process execution.
Left column
Automate invoice processing seamlessly through extensive ERP integration
AP Essentials adapts to meet individual vendor needs and integrates with leading ERP and pay-to-procure solutions including Microsoft D365 Business Central, Microsoft D365 Finance and Operations, Oracle Financial Cloud, Oracle NetSuite, and Coupa Spend Management.
Right column
Achieve a cost-effective and swift return on investments
Utilise current systems, minimising depreciation on hardware. Attain repaid and effortless ROI through straightforward implementation, comprehensive 24/7 cloud-based support and ongoing performance monitoring.
How AP Essentials Can Help Your Business
Left column
Elevated Data Precision: Utilising cutting-edging cognitive capture technology, AP Essentials extracts invoice and purchase order data, ensuring heightened accuracy in financial data and mitigating the risk of errors.
Center column
Power Analytics: Utilise pre-built dashboards to gain visibility into invoice status and exceptions. Enjoy "zero-touch" processing and supply continuous feedback contributing to ongoing optimisation of the invoice process.
Right column
Enhanced Collaboration with Suppliers: Accelerated, rule-based invoice processing mitigates late-payment penalties, secures early payment discounts and enhances relationships
Left column
Minimised IT prerequisites: No hardware or software investment is needed for setup, and there is no requirement for time-consuming maintenance, upgrades, or updates.
Center column
Intelligent Line Item Extraction: Machine learning enhances line item traction, improving each process invoice. This leads to highly efficient 2-way (invoice to purchase order and goods delivered) line item matching.
Right column
Workflow Approvals and General Ledger Coding: Customisable rules-based approval and exception workflows expedite processes. User-guided General Ledger (GL) coding and image storage offer additional functionalities for comprehensive end-to-end invoice automation.
Left column
Support for Multiple Languages and Currencies: Enables diverse invoice origin and user interface languages, drawing from over 25 years of global invoice processing expertise.
Center column
Electronic Invoices Support: Enhance extraction rates for invoice processing in XML or PDF files, minimising the need for manual verification and correction.
Right column
Import Master and Purchase Order (PO) Data Using Excel: Leverage Microsoft Excel for seamless importation of supplier master data and Purchase Order (PO) data, facilitating validation and verification processes.
Left column
AR Purchase Order Processing: Capture, validate, and export customer purchase orders to your ERP, ensuring a streamlined and accurate initiation of the order process.
Text
Transform your Accounts Payable processes with Tungsten AP Essentials – the key to unlocking efficiency, accuracy and seamless automation.
Explore Tungsten AP Essentials for a smarter, faster, and more reliable AP workflow.
