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Future-Proof Accounts Payable with Digital Workflow Automation

Creating efficiencies across your invoice-to-pay lifecycle⁠—on premise or in the cloud.

Overview

Modernizing the Accounts Payable Process

Recent studies show that AP processes are very expensive without automation, and many times, the true costs are unseen. By simply eliminating manual tasks, automation can provide significant cost savings. With Tungsten Automation's industry-leading AP software you can also optimize vendor portfolios, avoid duplicate or erroneous payments and take advantage of early payment discounts.

By harnessing digital workflow capabilities to transform the accounts payable process, you can:

Improve
invoice cycle times

Reduce
processing costs

Enforce
controls to reduce risk

Enhance
process visibility

Resources

Resources to Help You Execute and Automate AP Workflows

Impacts

AP Departments Face a Challenging Landscape

55%

of invoices received arrive in paper-based format

40%

report the invoice approval process takes too long

25%

of time spent handling
invoice exceptions

$11.57

average cost to manually process traditional invoices

Automation Provides Substantial Advantages

5X

lower processing cost per invoice

2.5X

times faster to process a single invoice

50%

lower invoice exception rate

2.4X

higher rate of ‘touchless’ invoices

What Our AP Automation Customers Are Saying

Since we went live with AP Essentials, we’ve not had a single instance of a double payment: a 100 percent accuracy rate for the solution.

Ferdia Doherty

Financial Controller, Myhealth Medical Group

View story

The main benefit has to be the visibility we now have across the organization. We have access to real-time management information and KPIs which allow us to identify themes for continuous improvement, and we have visibility to oversee the entire process, ensuring adherence to our standards and working practices.

Alan Ronald

Head of Global Business Services, Devro

Use Cases

Critical Capabilities to Achieve End-to-End Accounts Payable Automation

Take a Test Drive

Whether you need to digitally transform a simple task or an end-to-end process, we can help you do it.

Request a Demo

Our AP Automation Solutions

Invoice Automation

Tungsten AP Agility

Tungsten AP Agility is your accounts payable automation solution, so you can reduce costs, speed processes, improve quality and strengthen internal controls.

Learn more