Oracle Financials Cloud
Tungsten AP Essentials is an automated document-processing system that uses remote cloud computing. This means you no longer have to maintain large, expensive server systems and complex software installations to process documents. Instead, we handle all of that for you, and all you need is a web browser to access a state-of-the-art document-processing system on the cloud.
Tungsten AP Essentials accepts documents in various formats—such as paper, image files, and email—and automatically interprets and validates them. All you have to do is log in using a web browser to upload invoices and check interpreted data for correctness using an intuitive, state-of-the-art interface. Administrative tasks can be easily performed in a web browser.
After an invoice is processed, Tungsten AP Essentials automatically sends the output (document data and images) to a target system. The target system can be one of many popular financial systems, accounting programs, ERP systems, or even a file system. The possibilities are endless.
Tungsten AP Essentials can do more than send output to a target system; it can also perform seamless, two-way communication with the target system, providing additional features and interaction. We call this an integration. Integrations are flexible, easy to configure, and come complete with all the features you need to connect Tungsten AP Essentials with your target system. This saves you time and money.
This integration consists of the following components:
- Tungsten AP Essentials.
- Oracle Financials Cloud.
Integration features
The Oracle Financials Cloud integration enables cooperation between Tungsten AP Essentials and Oracle Financials Cloud. It leverages more power and adds value to your current system by extracting data from invoices without expensive hardware investments.
The Oracle Financials Cloud integration supports the following features:
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Processing of purchase order and non-PO invoices and credit notes.
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Manual and automatic line-item pairing.
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Account coding (distribution combinations).
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The integration synchronizes master data between Oracle Financials Cloud and Tungsten AP Essentials. General-ledger accounts, coding segments, currencies, suppliers, and purchase orders are imported, so the data is available for selection during invoice processing in Tungsten AP Essentials. The master data that is available can also be filtered by business unit.
- Split-delivery purchase orders.
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Support for both types of line items (services and goods) in Oracle Financials Cloud.
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Credit notes/credit memos.
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Support for automatic and manual selection of payment methods.
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Master data import of tax-classification and ship-to locations provides field suggestions and helps prevent errors that otherwise occur during manual entry.