- Sovos and Tungsten Automation have formed a strategic partnership.
- The partnership aims to integrate accounts payable automation with tax compliance.
- The solution combines Tungsten’s platform with Sovos’ Tax Compliance Cloud.
- It supports paper and PDF invoice capture using OCR and AI technology.
- The solution integrates with supplier portals, ERP, and procurement systems.
- It ensures real-time compliance with global e-invoicing regulations.
- The approach reduces manual effort and accelerates processing times.
- It addresses inefficiencies and compliance risks in traditional AP workflows.
- The partnership aims to transform AP from a cost center to a strategic advantage.
- It focuses on futureproofing operations against global regulatory changes.
Source: p2pnetwork.org
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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