Tech Tip: How to Activate Advanced OCR in Tungsten AP Essentials and InvoiceAgility
Tungsten Automation has recently released an Advanced OCR Engine option for AP Essentials and InvoiceAgility. In this tech tip, we’ll introduce the...
5 min read
Finance organizations are at an inflection point. Economic uncertainty, growing regulatory complexity, and mounting pressure to do more with less are forcing finance leaders to rethink how work gets done.
Accounts Payable and broader finance operations (once viewed as back-office cost centers) are now expected to deliver speed, insight, and strategic value.
In our recent co-branded eBook with Tungsten Automation titled The Future of Finance with Touchless AI-Driven AP Automation, we explore how intelligent automation is reshaping finance operations and what it takes to move from aspiration to execution.
From Genus Technologies’ perspective, the message is clear: success doesn’t come from technology alone – it comes from applying the right automation, in the right way, to real business challenges. Let’s dive in!
Finance teams are under pressure from all sides. According to research cited in the eBook, nearly 70% of AP leaders expect this year to be particularly challenging, driven by rising costs, labor shortages, and higher expectations for accuracy and speed. Exception handling alone continues to drain resources, with 53% of AP leaders citing high invoice exception rates as a major concern.
At the same time, slow invoice processing remains a persistent obstacle. 41% of AP leaders report that lengthy approval cycles lead to missed opportunities, including early payment discounts that directly impact the bottom line. Add in evolving global compliance mandates and limited real-time visibility, and it’s easy to see why traditional, manual processes are no longer sustainable.
The opportunity, however, is significant. Roughly 61% of procure-to-pay professionals believe AI will fundamentally reshape AP, signaling a growing recognition that automation is no longer optional – it’s foundational.
For a deeper dive, read the ebook "The Future of Finance with Touchless AI-Driven AP Automation"
One of the most important takeaways from the eBook is that AI’s value lies in how it's applied. Intelligent Automation isn’t about replacing people or deploying technology for its own sake. It’s about augmenting finance teams with tools that reduce friction, improve decision-making, and scale with the business.
Modern AI-driven finance platforms leverage a combination of capabilities, including:
When implemented effectively, these technologies enable touchless or straight-through processing, reducing manual intervention while increasing control.
The results speak for themselves. AI-driven AP solutions highlighted in the eBook show:
As finance organizations adopt AI-driven automation, Risk Mitigation and Compliance remain top priorities – particularly in Accounts Payable, where errors, fraud, and regulatory missteps can have material consequences.
We’ve found that Intelligent Automation strengthens governance by embedding controls directly into AP workflows, rather than relying on manual checks after the fact.
AI-powered AP solutions help reduce risk through automated validation, anomaly detection, and rule-based decisioning. Decisioning AI, for example, can flag unusual invoice patterns, identify potential fraud, and ensure invoices are routed and approved according to defined policies.
At the same time, built-in compliance capabilities support evolving e-invoicing mandates and tax regulations across regions, helping global organizations stay audit-ready as requirements continue to change.
From a Genus perspective, modernizing AP with Intelligent Automation isn’t just about speed and efficiency – it’s about creating resilient, compliant finance operations.
By combining Tungsten Automation technology with Genus’ process and governance expertise, organizations can confidently scale automation while maintaining control, transparency, and trust.
While the technology is powerful, many organizations struggle with the path forward. Legacy systems, fragmented data, and organizational resistance often stall transformation efforts. In fact, 31% of AP leaders admit they lack a clear AI strategy, making it difficult to gain stakeholder alignment and achieve measurable outcomes.
This is where Genus Technologies plays a critical role.
As a Tungsten Automation Titanium Partner with over 25 years of experience in finance automation, Genus works with enterprises to bridge the gap between strategy and execution.
We help organizations assess their current state, redesign processes, and deploy Intelligent Automation in a way that aligns with business priorities. Whether improving compliance, accelerating cycle times, or increasing financial visibility, Genus is on hand for the entire project lifecycle.
Our approach is practical and outcomes-driven. We focus on modernizing business operations through Intelligent Automation while ensuring solutions integrate seamlessly with existing ERP environments such as SAP, Oracle, and Microsoft Dynamics.
~ Ardent Partners' AP Metrics That Matter, Tungsten Automation
Tungsten Automation’s portfolio plays a key role in enabling this transformation. Solutions like InvoiceAgility bring together advanced OCR, machine learning, and generative AI to support high-volume, global invoice processing with accuracy and speed.
Key capabilities highlighted in the eBook include:
When combined with the Genus Technologies consulting expertise and accelerator solutions, these technologies help organizations move beyond incremental improvements to achieve scalable, future-ready finance operations.
The Future of Finance with Touchless AI-Driven AP Automation
Looking ahead, AI-driven finance automation will continue to evolve. Trends such as predictive analytics, mobile finance applications, and self-service supplier portals are already reshaping how finance teams operate.
These capabilities not only improve efficiency but also free finance professionals to focus on higher-value activities like cash flow optimization and strategic planning.
The future of finance belongs to organizations that can adapt quickly, govern intelligently, and extract insight from their data in real time. AI makes this possible, but only with the right strategy and execution.
The future of finance isn’t coming – it’s already here. AI-driven automation is transforming AP and finance operations from the inside out, delivering measurable gains in efficiency, accuracy, and insight.
For finance leaders, the challenge is no longer whether to automate, but how to do it effectively.
At Genus Technologies, we partner with organizations to navigate this journey with confidence while combining deep domain expertise, Intelligent Automation, and proven Tungsten technology to turn vision into results.
If you’re ready to explore what AI-driven finance automation could look like for your organization, we’re ready to help. Contact Genus Technologies today to connect with our AP Automation experts and learn how we can help move your business processes into the future.
About the Author
Jimar Garcia is the Director of Solutions & Innovation at Genus Technologies, where he leads AI, automation, and digital transformation strategies. As a former Product Manager at Tungsten Automation (formerly Kofax), Jimar leads the Genus team of Tungsten experts. Connect with Jimar on LinkedIn.
Subscribe
As a longtime Tungsten Automation Titanium Partner, Genus Technologies is committed to providing our customers with insights into innovative technologies that drive efficiency, productivity, and success. Subscribe to the Genus blog so you don't miss an article.
Tungsten Automation has recently released an Advanced OCR Engine option for AP Essentials and InvoiceAgility. In this tech tip, we’ll introduce the...
If you're currently using Tungsten (formerly Kofax) Capture, you've already taken a major step toward digitizing your document workflows. But as...
Genus Technologies is proud to announce that we are the first to be recognized as a Certified Move-Up Consultant by Tungsten Automation. This...