Streamline and digitize your accounts payable processes
Electronic invoicing from Tungsten Network completely eliminates paper from the process of paying your suppliers, and increases the efficiency and accuracy of your accounts payable team.
e-invoicing makes AP a more strategic function
Automate critical processes
- Scale business operations more easily and improve productivity of the AP department. Reduce exception management and errors.
Manage working capital & cash flow
- Use real-time data to optimize spending, negotiate better prices, and capture more discounts offered by your suppliers.
- Improve internal controls, reducing the potential for fraud and mistakes, and enhance invoice audit capabilities.
- 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.
- Free your team to think and work strategically.
The tools you need to connect your supply chain digitally
- Our dedicated enrollment teams help bring your suppliers onboard and build their e-invoicing programs.
- There’s no software or hardware to install. Exchange invoice data with suppliers in any format.
- Access real-time, line-level data to identify price variances and improve your procurement decisions.
Invoice validation & compliance
- Our software translates, enriches, and validates each supplier invoice.
Invoice status service
- Suppliers can check invoice status online, and reduce calls and emails by 60%, increasing productivity and cutting costs.
- All your invoices are digitally signed, encrypted, and stored within the Tungsten Network image archive, where you can access them anytime.
- Use the Network to deliver purchase orders quickly and reliably. Your suppliers can use your POs to create an invoice online.
Concerned about compliance?
Keeping your invoices compliant is a priority for us, so we’ve pulled together everything you need to know about our best-in-class service into one handy e-zine.Read it here