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Tungsten Network Receives Two Industry Awards for Our Finance Automation Solutions

As we come to the end of another financial year, we thought we’d reflect on our performance and spotlight some of our recent achievements.

In Receivable Savvy’s survey of finance automation software users, Tungsten Network stood out as a key solutions provider in accounts receivable functions and supply chain management.

As a result of our popularity with end-users, we’re proud to share that we received two industry awards for our finance automation solutions in March 2022. Read on to learn more about the awards we won and what our plans are for 2022 and beyond.

What are the Perceptions Analytics Industry Awards?

The Perceptions Analytics Awards were created by Receivable Savvy to recognise excellence in electronic invoicing and finance automation.

Receivable Savvy is a leading provider of proprietary industry research and a thought leader in order-to-cash processes.

The industry awards reflect software user attitudes towards various finance automation solutions and their impact on business.

2021 win: Most Effective at Reducing DSO

Tungsten Network won an award as the most effective at helping users reduce their DSO (days sales outstanding figure).

As a result, our network partners can access their revenue faster and increase their organisational resilience against today's enterprise challenges.

2021 win: Highest Overall Value-Invoice Submission

That’s not all: we were also awarded the highest overall value in an invoice submission.

This award underlines our scalability and trustworthiness in supporting high-volume, high-value business transactions between our network partners — positioning us as a leading finance automation partner.

What do the industry awards mean for our finance automation solutions?

We were thrilled to receive each award from Receivable Savvy as they highlight our industry standing and the value we present to our supplier network.

Perception Analytics provides unbiased insight into the latest trends across B2B finance functions, enabling us to develop our customer solutions even further.

Customer needs and data-led strategy is at the heart of Tungsten Network’s value proposition and these awards validate our commitment to them. Moreover, the awards reflect the hard work of our team of 200+ industry professionals across the US, UK, Bulgaria and Malaysia.

We’re excitedly looking forward to the 2022 awards ceremony and hope to capture even more awards by following the latest customer finance trends.

Read more about finance automation solutions with Tungsten Network

If you’re interested in learning more about automating your finance workflows or strengthening your tax compliance across borders, check out our resources page.

We regularly host webinars and publish articles from leading financial thought leaders on our website.

You can stay up to date with industry challenges across procurement, AP, AR, and access leading insight on forthcoming trends to stay ahead in the market.

Ensure your business is at the forefront of digital transformation and head to our resources library now.