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Abstract Digital Wave

Tungsten Network: True E-Invoice Automation

Realize 100% compliant invoice digitization that encompasses every supplier regardless of size or location

Overview

Digitize invoice processes for faster, easier and more secure global trade

Tungsten Network connects businesses, suppliers and their financial institutions in a proprietary digital network. This facilitates the secure exchange of electronic invoices that meet country and regulatory mandates, enabling businesses to automate the accounts payable processes, streamline payments, and provide suppliers visibility into invoice status.

Drive agility and reduce costs

Tungsten Network helps enterprises achieve the promise of true e-invoice automation. This single goal is reflected in every engagement, from customized systems integration, to white-glove supplier onboarding and robust compliance services.

When evaluating e-invoicing, it is critical to consider the technical aspects, but also the supplier enablement services. Tungsten was the best option for both components.
Pam Carper
Manager of Disbursements, Schneider Electric
Benefits

Seven Reasons to Explore Tungsten Network

No matter how suppliers send invoices, Tungsten Network converts them to electronic data, generating 100% transaction and spend visibility for buyers – valuable data to enhance spending oversight and analysis. Invoice exceptions are eliminated or resolved quicker, payments are generated faster, and vendor supply chain relationships are strengthened.

100% Invoice Digitization

Streamline operations, remove unnecessary back-office processes and enable the front office to thrive. There’s no software or hardware to install - exchange invoice data with suppliers in any format, and Tungsten does the rest.

Country Compliance

Tungsten Network’s compliant network lets enterprises futureproof the business and stay ahead of legal obligations while reducing the potential for fraud and human error.

Check the latest e-invoicing news for over 54 countries.
Various country flags waving

White Glove Supplier Onboarding

A network only succeeds when all players participate. Tungsten Network teams individually onboard every supplier – directly or through self-serve portals – so buyer and supplier capture benefits immediately.

Reduced costs

Achieve 90% straight-through-processing with our automated exception handling for an average cost-per-invoice of $2 (the global average is $10.89!)

Ongoing compliance

Global tax mandates change at a relentless pace. Compliance maintenance is incredibly difficult and expensive. The Tungsten team stays ahead of the curve to benefit the network.

Aerial view of conveyor belts in a shipping warehouse

Healthier Supply Chain

Smoother logistics keep money and goods flowing. Optimized processing, status updates and Supply Chain Finance options keep vendors happy.

Strategic insight

Tungsten tools and data help finance and procurement leaders deliver insights and become strategic partners to the business.

Features

Why Global and Regional Enterprises Prefer Tungsten

Automate critical processes

Scale business operations more easily and improve the productivity of the AP department. Reduce exception management and errors.

Manage cash flow

Use real-time data to optimize spending, negotiate better prices and capture more discounts offered by your suppliers.

Reduce risks

Improve internal controls, reducing the potential for fraud and mistakes, and enhance invoice audit capabilities.

Reduce overheads

Reduce the costs of handling invoices by more than 50%.

Facilitate global growth

Tungsten Network is tax compliant in more countries than any other trading network in the world.

Liberate the AP team

Employees can focus on value-add tasks and work more strategically.

Resources

Featured Content

Big Trends and Predictions Identified by Ardent Partners

Kofax AP Automation Solutions

Research by advisory firm Ardent Partners estimates that half of invoices today are processed through paper, PDF or other documents, with the other half handled electronically. Whether organizations manage supplier invoices across neighborhoods or around the globe, Kofax has automation solutions to help any enterprise advance toward the benefits of true e-invoicing.

Download Report

Podcast

Hear tips on governmental and business mandates in our free ComplianceCast audio series

Listen now

Mondelēz International Case Study

By applying a vigorous, methodical approach to finance transformation, Mondelēz achieved 92% on time payment.

Read Case Study

Kofax AP Automation ROI Calculator

In 10 seconds, calculate what invoice automation could save you annually.

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