annual savings in year 1
of suppliers switching to e-invoicing
Within six months, 38% of suppliers had converted to e-invoicing, with a further 16% in the process of switching. By that time, Schneider Electric had already realized $200,000 in operational savings and could project $500,000 in annual savings with Tungsten Network fully deployed. With e-invoicing, Schneider has experienced fewer errors, faster cycle time and more invoices processed straight through without requiring manual intervention.
Meet Schneider Electric
Schneider Electric is a French multinational enterprise specializing in digital automation and energy management. Combining innovative energy technologies, real-time automation, software and services, and provides integrated solutions for homes, buildings, data centers, infrastructure and industries. Schneider first approached Tungsten Network in 2008.