Tungsten AP Essentials™
Cloud-Based Vendor Invoice Management
Streamline Your Accounts Payable Process.
Overview
WHAT IS AP ESSENTIALS™?
In today’s fast-paced business landscape, efficient accounts payable (AP) operations are crucial for maintaining financial health and staying competitive. Tungsten AP Essentials (formerly known as ReadSoft Online) is a comprehensive solution designed to transform your AP processes, automating repetitive tasks and optimizing your financial workflow. Let’s delve into the world of Tungsten AP Essentials and discover how it can revolutionise your AP department.
Maximize your efficiency
- Upload invoices for interpretation and data extraction. Check and correct interpreted data.
- Validate, match, code and approve PO and non-PO invoices
- Automatically transfer invoices and data to target system(s)
Benefits
KEY BENEFITS
Tungsten AP Essentials is your gateway to a more efficient and streamlined accounts payable department. Make the smart choice to automate and enhance your AP operations, ensuring that you remain competitive in today’s fast-paced business environment. Contact us today to explore how Tungsten AP Essentials can work for your organisation.
All Editions
Extraction rates as high as 95%*.
The Basic Edition includes header-footer extraction only.
*Basic edition extraction rates no lower than 80%
Adaptive, self-learning, knowledge processing:
Improves in speed and precision as it learns to locate data in invoices, delivering more value over time.
Advanced analytics:
Prebuilt dashboards provide insight and visibility into operator productivity and invoice activity. Use it to identify top areas for optimization and improvement.
ERP integration:
Invoices auto-post in Microsoft Dynamics 365 Business Central, Finance, Oracle NetSuite, Fusion Cloud, and Coupa. Other users get an XML file with invoice data and image for easy integration.
Built-in support for regional variations:
Country-specific settings include tax rates, date and amount formats, currencies and character sets.
Highly secure solution:
SAML 2.0, OpenID Connect, and two-factor auth supported. Regular third-party penetration tests. Tungsten AP Essentials SOC 2 Type 1 certified for top security. Also compliant with US NACHA rule.
Support for utility bill extraction:
Reduce time processing complex invoices with sophisticated OCR. Data transfer-based document extraction reduces the need for human intervention and helps you ensure timely payments.
Administrative services:
Provide account management and reporting services for accrual, billing, processing times, processing volumes, etc.
Tungsten AP Essentials API (REST-API):
Allows remote access to services that are available in Tungsten AP Essentials. The API provides advanced integration options between Tungsten AP Essentials and other systems for exchanging information.
Benefits
WHO BENEFITS FROM AP ESSENTIALS™?
Tungsten AP Essentials equips your accounts payable department with these advanced features and benefits, offering a comprehensive solution to streamline processes and enhance financial workflow. Embrace the future of AP automation and elevate your business’s financial health by integrating Tungsten AP Essentials into your operations. Contact us today to start your journey towards efficient accounts payable management.
Tungsten AP Essentials increases efficiency, reduces operational costs, improves vendor relationships, and empowers data-driven decision-making for enhanced business performance.
Tungsten AP Essentials streamlines invoice processing, ensuring more time for caseload management, compliance, collaboration, and cost savings in legal practices.
Tungsten AP Essentials optimizes resource allocation, promotes transparency, streamlines operations, and ensures regulatory compliance, making it ideal for efficient public service management.
Healthcare professionals can focus on patient care, streamline operations, enhance collaboration with vendors, and maintain data security and confidentiality.
Interested in AP Essentials™?
Contact our team today to get started!
