Is invoice processing a smooth, lean operation in your business, or could it benefit from an improvement? For most companies, there is always room to enhance critical accounts payable workflows. The longer it takes to process invoices, the more it costs, and the greater the risks of errors causing disruption. Today, AP automation software links professional experience and modern capabilities.

Capture, classification, extraction, and processing take up hours of work. These manually-focused methods increase invoice processing times and error rates alike. With cognitive capture technology that you’ll find in Tungsten AP Essentials, speed and efficiency are within easier reach. Here’s what to know.

What is Cognitive Capture, and Why Does It Matter?

Cognitive capture refers to a type of intelligent automation. In other words, this technology uses machine learning and artificial intelligence to enhance outcomes. These solutions learn and become able to recognize documents by type and content. Even unstructured data, without a consistent format, can have critical elements extracted by cognitive capture.

These systems facilitate rapid data extraction and classification. Combined with other tools, you can ensure that the appropriate systems, such as your APS software, always have up-to-date information. This technology continues learning and improving over time and with more documents.

Tungsten Automation Delivers Best-in-Class Solutions

AP Essentials combines industry-leading OCR with advanced cognitive capture to deliver the most advantageous solution for finance teams. With AI on your side, there’s much less need to extract information from documents manually. Eliminate the burdensome efforts involved in re-typing information between multiple systems repeatedly. With higher-quality data, you can facilitate broader process automation.

The entire invoice processing ecosystem sees an impact from automated workflows. Initial data capture is faster. Information moves seamlessly between systems. Sometimes, you can even streamline the processing of some invoices from start to finish. It is possible to achieve touchless processing; some invoices can pass through your business entirely via automated systems.

The Advantages of Automating Your AP Software

Deploying such advanced automation yields numerous benefits. The advantages of touchless processing are clear: faster results and fewer missed or late payments. However, there are other benefits, too, including:

• Less time is spent on menial and tedious labor that can bore and distract employees, leading to errors.
• Fewer instances of extraction errors causing payment problems or supplier delays.
• Reduced processing costs for every invoice.
• Enhanced visibility into processes and how your teams work.

Automated AP workflows powered partly by cognitive capture are the future of core finance operations.

Rapidly Deploy Advanced Solutions on Top of Tungsten

Tungsten solutions are also the basis for powering purpose-built tools. The Tungsten Marketplace centralizes these professionally developed solutions to help you achieve faster results at lower costs. For instance, consider the Cobwebb Cloud Capture solution, which integrates directly with the Infor ERP.

Integrated with AP Essentials and its cognitive capture capabilities, this solution lets you extend your workflows into the cloud. Verify that your business can capture AP-related data from wherever it originates. With a cloud-based platform based on configurable business rules, you can customize a solution that improves productivity and connectivity for remote and hybrid workers.

Capture the Benefits of Better Automation

The entire company benefits when AP teams no longer struggle with manual document processing. Faster invoice processing leads to potential early payment discounts. Better visibility means more brilliant insights and a better balance between satisfying obligations and meeting daily cash-flow requirements. AI-powered cognitive capture, Tungsten AP Essentials, and Marketplace solutions make it possible. Learn more about AP automation software and what it could mean for your business today.