Tungsten Network

Tungsten

Tungsten aims to be the world’s most trusted business transaction network by using data intelligently to strengthen the global supply chain.

Tungsten Network is a secure e-invoicing platform that brings businesses and their suppliers closer together with unique technology that revolutionises invoice processing, maximises efficiency and improves cashflow management. The network also provides users with real-time spend analysis through Tungsten Analytics, and offers access to Tungsten Early Payment, a form of alternative finance for businesses.

Tungsten serves 56% of the Fortune 500 and 67% of the FTSE 100.  It enables suppliers to submit tax compliant e-invoices in 47 countries, and last year processed transactions worth over $187bn for organisations such as Alliance Data, Aviva, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, Henkel, IBM, Kellogg’s and the US Federal Government.

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Recent posts

May 2016

  1. Tungsten’s supply chain financing volume tripled in just 12 months

    After being on a rocky trail for some time, things are now looking promising aging for Tungsten. In the financial year (FY) that just ended, Tungsten financed invoices for 79 suppliers totalling over £100mln, compared with £32mln for 38 suppliers in FY15!

  2. UK SMEs are losing up to £9bn every year due to invoice fraud [Research]

    According to Tungstens research, nearly half (48%) of all businesses that were surveyed reported receiving a fraudulent or suspicious invoice in the last year.

  3. Kevin Wilbur becomes Tungsten’s President of AP Automation; driving global expansion of e-invoicing, PO services, workflow and analytics

    Tungsten Network has promoted Kevin Wilbur to the role of President, AP Automation. He will lead the expansion of digital invoicing, workflow and analytics capabilities across Tungsten’s global customer base, helping more finance and procurement departments.

April 2016

  1. Prabhat Vira appointed president of Tungsten Network Finance (supply chain finance)

    As President of Tungsten Network Finance, Vira is working closely with Richard Hurwitz, the CEO of Tungsten Corporation, to develop a radical “100 day plan” which will shape his strategy for the business.

December 2015

  1. Tungsten helps catch out false invoice claims in London borough

    The London Borough of Bexley has successfully foiled a number of fraud attempts. The local authority processes its invoices using the electronic invoicing platform provided by Tungsten Network, which means fraudulent invoices that might otherwise be paid out on are rejected.

  2. Tungsten Network receives first TrustWeaver-Verified Trust Mark

    Tungsten Network, part of Tungsten Corporation, is a global e-invoicing, invoice finance and spend analytics company working to help companies improve cash flow and make better buying decisions.
    About the Trustweaver Verified

    The TrustWeaver-Verified programme helps businesses better understand the varieties of tax compliance covered by a third party operator’s services. Tax regulation, and the many requirements that stem from value-added-tax (VAT), cover a variety of invoicing and accounting functions.

August 2015

  1. Late payments put a quarter of UK SMEs at risk of insolvency

    The average SME is owed £40,857 in unpaid invoices. When applied across the UK’s 5.2 million SMEs, the total owed could be as much as £212 billion, reveales a survey conducted by Tungsten Network

May 2015

  1. Tungsten partners with Goldsmiths university, establishes Big Data research centre.

    The Tungsten Centre for Intelligent Data Analytics (TCIDA) will undertake research and development into advanced artificial intelligent techniques for undertaking “Big Data” analysis and develop more advanced proprietary analytics software to maintain Tungsten’s leading edge.

  2. Tungsten partners with Buzon-e, opens e-invoicing platform in Mexico

    Together they offer a streamlined process to create a legally compliant invoice that also has the necessary commercial information and makes invoice processing more efficient, so suppliers can get paid quicker.

April 2015

  1. Short: Tungsten wins second customer this week!

    Tungsten announced its second customer win of the week: a leading house building and construction group has selected Tungsten for e-invoicing and purchase order services. This announced followed the win of Morgan Advanced Materials as a new US customer.