Imperial College London reduced invoice processing costs by 60%
Imperial College London is one of the world’s leading academic institutions, constantly looking for innovative ways to improve processes and productivity.
Before Tungsten Network intervened, they were manually processing 170,000 paper invoices annually. Since joining the Tungsten Network, 90% of the invoices Imperial receives are now touchless, and appear in their accounting system fully checked and verified, ready for payment.
“We were especially impressed with the matching of invoices. Invoice data can now be automatically matched with purchase order line detail and the data is submitted directly into our accounting system. This eliminates all human input from the process and was the single biggest benefit for us.” – John Whitlow, Director of Financial Services & Procurement, Imperial College London