Most Buyers recognize the benefits of electronic invoicing. From increasing AP department productivity to decreasing errors and costs, Buyers gain significant advantages from e-invoicing. What’s often less obvious are the benefits to the Supplier. This is not the case with Tungsten Network.

Tungsten Network allows Suppliers using their portal to submit invoices in their chosen format to optimize financial management processes. Key benefits to the Supplier include:

• Support of delivery of legally compliant invoices in 47 countries
• Reduced invoice exceptions, meaning fewer blocked payments
• Greater visibility into invoice and payment status

The benefits don’t stop there, but continue with access to early payment services on approved invoices. Whether you’re looking to use it occasionally, seasonally, or with regularity, Tungsten Network Early Payment allows Suppliers on the network to take control of their cash flow. Can you say the same about the benefits of other supplier portals?

Learn more about Tungsten Network and putting Suppliers in control of their financing by downloading this Spend Matters Research paper.

Tungsten Network, the world’s largest compliant electronic invoicing network, connects buyers and suppliers in all of their markets. By transitioning to a paperless invoicing process significant efficiencies are gained, enhancing business decision making and cashflow management. Other key benefits of e-invoicing with Tungsten Network include:

• Improved control over spending and cash management
• Reduction in processing costs
• Decrease in exceptions that lead to blocked payments

Customers of Tungsten Network are realizing huge financial benefits when automating their accounts payable process with Tungsten Network e-invoicing. See how you can too. Download our white paper to learn more.

Tungsten Network provides a global Supplier portal, allowing Suppliers to submit invoices in the format and language of their choice — and receive payment in their chosen currency. Furthermore, with Tungsten Network, Suppliers benefit from:

• Guaranteed delivery of electronic invoices
• Fewer invoice exceptions, meaning fewer blocked payments
• Improved visibility into invoice and payment status

And for those Suppliers who are anxious to take control of their cash flow without taking a trip to the bank, Tungsten Early Payment allows them to accelerate payment on approved invoices. Whether it’s one invoice or all of them, requesting payment is simple and affordable, making Tungsten Network’s global supplier portal an attractive option for all kinds of Suppliers.

Learn more about Tungsten Network and our early payments options by downloading this Spend Matters Research paper.

At Tungsten, we process, translate, enrich and validate the data before delivering your invoice directly to your Buyers in any country in the world. We then archive your invoices to meet regulatory requirements. Utilizing Tungsten Network, you will realize:

• Guaranteed invoice delivery – You can send electronic invoices no matter what format your current invoices are in, and know when they’ve been received
• Full visibility of your invoice status online – From confirmation of receipt to final payment – no more chasing accounts payable.
• Invoice financing options – Tungsten Network Early Payment lets you get paid when you want for the invoices you choose
• Network effect – We run the largest compliant business transaction network in the world. If you have one buyer on our network, you probably have another. Our search feature lets you find them
• Secure archiving – All your invoices are digitally signed, encrypted, and stored within the Tungsten Network image archive, where you can access them anytime
• Purchase order conversions – Save time and effort by simply converting purchase orders directly into invoices through Tungsten Network

To find how you can further benefit from Tungsten Network’s billing and invoicing software, download the Billentis e-invoicing / e-billing report today.

As a global provider of e-invoicing, Tungsten Network enables suppliers to submit compliant invoices in their chosen format, which are then transmitted via your preferred method to your AP department. This flexible automation solution makes streamlining the invoicing process easy with:

• Elimination of duplicate payments
• Reduction in exceptions
• Invoices matched to POs

Learn more about how AP invoice automation can prove to be an asset for your organization. Download this report for more details.

With Tungsten Network e-Invoicing thousands of buyers and suppliers are connected around the world. The process of going paperless with Tungsten Network is facilitated by:

• Easy integration with existing ERP systems, including SAP, Oracle, and JD Edwards
• The distribution of legally compliant invoices in 47 countries
• Submission of invoices via supplier accounting systems, the Tungsten Portal, email, or fax

In addition to increasing efficiency and accuracy within the account payable department, Tungsten Network improves internal controls, reducing fraud and risk.

Learn more about the advantages of moving accounts payable to a paperless environment with Tungsten Network by downloading our insights.

As a concept, shared services has been around since the nineties. Through a focus on standardization to help streamline processes, this would not only lead to lower costs, but also improve control and services. As processes became standardized, the operation could be centralized in one location, the Shared Service Center.

Accounts Payable is probably the best example of a process that has thrived in shared services. Originally led by the centralization of procurement, in shared services Accounts Payable has been able to dedicate itself to service delivery, continuous improvement and operational excellence.

In its new environment, Accounts Payable Shared Services was first able to focus on what were, at the time, new technologies, OCR, workflow, electronic payments. But it was not until Accounts Payable and Procurement began to work together were they able to drive efficiency and control through initiatives such as ‘No PO, No Pay’ and e-invoicing.

At Tungsten Network we have seen this first hand. The companies that have been most successful in achieving their e-invoicing targets, Straight Through Processing, First Past Yield, On time Payment, have been those that have implemented e-invoicing together. We have also seen Accounts Payable and Procurement become further interlinked under the banner of ‘Procure to Pay’ with Global Process Owners responsible for all elements of the Purchasing and Payment cycle.

To learn more about the importance of Accounts Payable and Procurement working together, and to find out how e-invoicing can improve your Accounts Payable Shared Services, download insights today.

In a 2 way matching accounts payable process within your Accounts Payable (AP) process, quantity and amount on the invoice are matched to the corresponding purchase order. Without an automated AP department, this matching process can be time consuming and leaves room for error. Businesses using Tungsten Network are now realizing cost and time savings from automating their AP department.

Tungsten Network Workflow integrates live and in real time with your Enterprise Resource Planning (ERP) system – SAP, Oracle E-Business Suite, or JD Edwards – and compares the line level data from your invoices to your PO line data. It automatically matches based on a combination of Item Number, Description, Quantity, and Unit Cost.

If a match within your ERP’s tolerance settings is possible, the invoice can be automatically posted to your ERP for payment. If a match is not possible, Tungsten Network Workflow will display the PO lines which allows for quick identification and corrections of billing errors. In addition, a live integration with your ERP results in near real time changes within Tungsten Network Workflow.

If you want to see how other Tungsten Network customers have become world-class, read this case study from Mohawk.

Choosing an Accounts Payable automation solution is no easy task – There are key differences that separate different solution providers.

To learn more, and identify the top 15 questions to ask before you buy, download this informative white paper today!