Tungsten Automation has added a new intelligent payment orchestration solution to its invoice-to-pay (I2P) platform.
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The Pay+ solution, announced by the document/workflow automation company Thursday (Oct. 15), is part of Tungsten’s InvoiceAgility+ offering and is designed to combine accounts payable (AP) and payments into a single, “invoice-aware” workflow.
“Tungsten has long helped organizations understand, automate, and govern the documents that drive their operations,” Danielle Weinblatt, Tungsten Automation’s chief product officer.
“Pay+ is the next logical step: it completes the invoice-to-pay journey by bringing that document intelligence directly into payment orchestration. Invoice data intelligence gives every payment the context it needs, so finance teams can make smarter decisions about timing, rail, risk, and working capital, while maintaining the control and compliance they expect from Tungsten.”
With Pay+, the release said, each transaction is driven by the underlying invoice data, such as information about the supplier, terms, relationship history, and risk profile, making each payment “into a smarter financial decision.”
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The release added that Pay+ uses context-aware payments orchestration to automate pay run creation, execution, and reconciliation from one control panel.
“This helps finance teams optimize working capital, making more informed decisions about when and how they pay, while maintaining the visibility, controls, and governance required for complex payment operations,” Tungsten said.
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