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Tungsten AP Essentials

Score8.4 out of 10

11 Reviews and Ratings

What is Tungsten AP Essentials?

Tungsten AP Essentials (formerly Kofax AP Essentials, or ReadSoft) is an accounts payable solution that automates the capture and validation of invoices from any source, in any format.

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Categories & Use Cases

Product Demos

Tungsten AP Essentials Key Features

Learn about the best (and worst!) features Tungsten AP Essentials has to offer, as determined by TrustRadius' reviewers.
Based on 11 ratings of Tungsten AP Essentials's features
View all Tungsten AP Essentials features

Top Performing Features

  • Payment Audit Trail

    Allows admin users visibility into the entire payment process, from receiving the expense claim or invoice to the payee receiving payment.

    Category average: 8.8

  • Advanced OCR

    Automatically imports information from invoices, receipts, expense reports, and other scanned documents into the platform.

    Category average: 8.4

  • Automated Accounts Payable Processes

    Accounts payable processes are automated based on pre-determined workflows.

    Category average: 8.7

Areas for Improvement

  • Electronic Funds Transfer

    Funds can be transferred via EFT as opposed to paper checks.

    Category average: 8.7

  • Vendor Management

    Holds information related to vendor terms and contracts.

    Category average: 8.5

  • Tax Form Preparation

    Allows users to create and share tax forms within the platform.

    Category average: 7.8

Who Buys & Uses Tungsten AP Essentials

Tungsten AP Essentials Reviews

What users are saying about Tungsten AP Essentials.
View all Tungsten AP Essentials reviews

Digitalize your AP Workflows with Tungsten Automation.

Incentivized
Verified User
Vice-President in Information Technology (10,001+ employees employees)

Use Cases and Deployment Scope

We are using Tungsten with the former Readsoft OCR Products and Ebydos webcycles. All incoming paper-based invoices, delivery documents, advices, etc. will be scanned and digitized incl. OCR by Tungsten. They are highly integrated in SAP processes and own developments. Tungsten Ebydos Webcycle is used for approval workflows for deviations in orders, PO volume, pricing, etc. This is also fully integrated in SAP workflows, incl. own developments. There is also an integration into e-invoicing/e-delivery.

Pros

  • Excellent scanning and OCR.
  • Highly configurable workflows.
  • Audit proven transparency in SAP Systems.
  • Scalable and flexible solution.

Cons

  • OCR recognition issues.
  • Interface Issues/sometimes slow interfaces.

Return on Investment

  • Not yet, but replaces highly manual efforts.
  • Brings good productivities in AP processing.

Usability

Alternatives Considered

Serrala, SAP Concur, SAP Commerce Cloud and SAP Ariba

Other Software Used

SAP Ariba, Oracle Sales, S4 for Salesforce