# Tungsten Network launches Workflow 5.0
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2019-01-29
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Tungsten Network Workflow 5.0: Next-Gen AP Automation Solution
Meta Description: Discover the latest next-generation solution for automating accounts payable processes with Tungsten Network Workflow 5.0. Increase efficiency, gain
URL: https://financedigest.com/tungsten-network-launches-workflow-5-0html

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_The next-generation accounts payable automation solution from Tungsten Network is here_

Tungsten Network, the global business transaction network, has released a new version of its Workflow product.

![Rick Hurwitz, CEO Tungsten](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/rick-450x675-1736839187953-compressed.jpg)

Rick Hurwitz, CEO Tungsten

Tungsten Network Workflow automates accounts payable processes, enabling incoming invoices to be automatically routed, coded, matched, approved and [posted into their Enterprise Resource Planning](https://www.financedigest.com/uk-plans-streamlined-post-brexit-border-checks.html "UK plans streamlined post-Brexit border checks") (ERP) system via an integrated connection. It offers users a single reference point from which they are able to track invoices, monitor [cash flow](https://www.financedigest.com/covestro-sees-lower-2023-profit-cash-flow-as-macro-challenges-prevail.html "Covestro sees lower 2023 profit, cash flow as macro challenges prevail") and respond to vendor inquiries relating to the status of their invoices.

The latest version introduces a range of new features, like a new [reporting tool replete with options to make it even easier to create](https://www.financedigest.com/probiotic-soda-market-product-innovation-by-live-soda-and-lifeway-foods-to-create-exciting-growth-opportunities-reports-by-fact-mr.html "Probiotic Soda Market: Product Innovation by LIVE Soda and Lifeway Foods to Create Exciting Growth Opportunities, reports by Fact.MR") robust, comprehensive reports. The new application performs faster and has an entirely new look and feel, allowing for a more intuitive user experience. It is also available on mobile devices, so users can manage their invoices more dynamically.

Tungsten Network Workflow 5.0 is currently available to existing Tungsten Network customers and is currently in its pilot phase with a number of these, including Honda Logistics. It will be available 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](https://www.financedigest.com/ecb-engaged-in-bringing-down-inflation-to-2-in-two-to-three-years-from-now-villeroy.html "ECB engaged in bringing down inflation to 2% in two to three years from now – Villeroy") a brand-new version of Workflow to the market. [Developed in close](https://www.financedigest.com/closing-the-door-before-the-horse-bolts-developing-a-proactive-network-detection-and-response-ndr-strategy.html "Closing the door before the horse bolts: Developing a proactive network detection and response (NDR) strategy ") 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](https://www.financedigest.com/could-the-npa-be-the-catalyst-banks-need-to-transform-their-payment-networks.html "Could the NPA be the catalyst banks need to transform their payment networks?") decisions. We now have increased [flexibility in handling our vendor payments](https://www.financedigest.com/the-future-of-payments-flexibility-regulation-and-bespoke-models.html "The Future of Payments: Flexibility, Regulation, and Bespoke Models"). 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](https://www.financedigest.com/improving-your-home-with-smart-automation.html "Improving Your Home with Smart Automation") to our cash flow management.”


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