Yesterday, Tungsten Network announced the new version of its Workflow product, Workflow 5.0. The original Tungsten Network Workflow automates accounts payable processes, enabling incoming invoices to be automatically routed, coded, matched, approved and posted into the ERP system via an integrated connection. The new version will add features such as a new reporting tool with multiple options allowing the user to create comprehensive tailored reports, and on-the-go access with the mobile app. The product is available to existing customers now, and to new customers from February, 2019.
Rick Hurwitz, Tungsten Network’s Chief Executive, said: “As we embark on a new year it is exciting to bring a brand-new version of Workflow to the market. Developed in close consultation with our customers, they believe that this latest iteration represents an improved user experience and feature set. Initial reception from pilot users suggests that the new product will be a great success.”
Brad Gerritsen, Honda Logistics’ Accounts Payable Supervisor, said: “The Tungsten Network Workflow platform gives us a clear picture of our open liabilities so we can make better payment decisions. We now have increased flexibility in handling our vendor payments. Additionally, with full visibility into our outstanding liabilities and greater efficiency in processing and paying our AP invoices, we can refocus our resources on working with our vendors on dynamic discounts and more favourable payment terms. We’re excited to experience what the new Workflow version 5.0 has to offer to make our AP Automation even more efficient and further enable improvements to our cash flow management.”
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