The fight between procurement and finance seems to be never-ending. Finance attempts to impose budgets while procurement spends money. As a result, Suppliers find themselves stuck in the middle — between procurement, the purchaser of their goods or services, and finance, who pays the bill. Procure-to-pay automation helps streamline the process, getting everyone on the same page. And that’s where Tungsten Network comes in.
Tungsten Network electronic invoicing, in conjunction with Tungsten Analytics, analyzes data at the invoice line level. By slicing and dicing the information at the category, product, and Supplier level, prices variances can be eliminated. In addition, procure-to-pay automation helps with:
- Reducing total spend
- Supplier consolidation
- Contract and policy compliance
End the battle between procurement and finance by giving teams the tools to make the best possible decisions for the organization as a whole. Find out more about the benefits of procure-to-pay automation by downloading 5 Ways Electronic Invoicing Networks Transform Accounts Payable into a Profit Center.