Electronic Invoicing Government
OMB Mandates e-invoicing by 2018
The Office of Management and Budget (OMB) recently mandated that federal agencies transition to electronic invoicing by the end of 2018. This aggressive timeline doesn't allow for any wasted time. For this reason, agencies need to look at Tungsten Network, the world's largest compliant e-invoicing network.
Tungsten Invoicing provides the internal controls necessary for a reduction of fraud and risk, while its easily deployed platform supports businesses of all sizes — making it possible for more suppliers to conduct business with the federal government. Additional benefits of e-invoicing with Tungsten Network include:
- Improved control over cash management and spending
- Reduction in late payment fees
- Increased efficiency within the AP department
Electronic invoicing within the government will provide measurable tax dollar savings. But not all electronic invoicing providers are created equal, which is why you need to explore your options and consider Tungsten Network. For more information about the mandate and what agencies should be looking for in an e-invoicing platform, download this Spend Matters Report.