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Tungsten Automation (NYSE:KFX) has announced significant enhancements to its Tungsten Automation Platform (TAP), featuring advanced AI capabilities and improved automation solutions. The company unveiled a new TotalAgility release with three modular tiers - Enterprise, Advanced, and Standard - offering knowledge discovery, workflow automation, and intelligent document processing respectively.
The platform includes notable improvements to InvoiceAgility, enhancing AI-powered document intelligence, global compliance readiness, and SAP workflow integration. A key achievement highlighted is TotalAgility's ability to reduce model creation time by up to 80% through Tungsten Copilot. The company's leadership position in the Gartner® Magic Quadrant™ for IDP reinforces its market standing.
Tungsten Automation (NYSE:KFX) has been named a Leader in the 2025 Gartner Magic Quadrant for Intelligent Document Processing Solutions. The company's flagship platform, TotalAgility, leverages AI to automate document processing, orchestrate workflows, and uncover business insights.
The recognition highlights Tungsten's strong execution capabilities and vision in providing document automation solutions across various sectors including banking, insurance, supply chain, and public sector. CEO Peter Hantman emphasized the company's focus on customer value, innovation, and operational excellence, particularly noting their investments in knowledge discovery and agentic AI.
Tungsten Automation (NYSE:KFX) has announced significant leadership changes effective July 1, 2025. Peter Hantman, who joined as President and COO in November 2023, has been promoted to Chief Executive Officer and appointed to the Board of Directors. Reynolds C. Bish, the outgoing CEO, will transition to Executive Chairman of the Board.
The company has also appointed Robert Watson as Chief Financial Officer. Watson joins from Athenahealth, where he served as interim CFO. Under Hantman's previous leadership as COO, the company successfully transitioned to a SaaS recurring revenue model and drove growth in its AI-powered document and workflow automation solutions.
