Tungsten Network

Tungsten Network
Tungsten Network, built on OB10 e-Invoicing, is the global trading network at the core of Tungsten Corporation plc (LSE:TUNG). It simplifies and streamlines the complex invoice-to-pay process to enable prompt payment. Compliant in 44 countries across Europe, the Americas and Asia, Tungsten Network can reduce invoice-processing costs by 60% and deliver an ROI in less than a year.
Tungsten Network connects many of the world’s largest companies and government agencies to their thousands of suppliers around the globe. It processes transactions worth over $180 billion per year for organizations such as Alliance Data, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, IBM, Kellogg’s, US Federal Government and Whirlpool.
Tungsten offers supply chain financing to suppliers on the Tungsten Network and can help organisations profit by applying innovative spend analytics to its vast repository of invoice data

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September 2014

  1. Short: Siemens selects Tungsten to process over 7 million invoices

    Tungsten stated to have been selected by German engineering conglomerate Siemens AG to bring e-Invoicing to its business and suppliers around the world. According to Tungsten, Siemens receives and processes more than 7 million invoices annually from its supplier base. To put things in perspective: Tungsten Network processed 13.4 million transactions last year.

  2. Leading pharmaceutical and healthcare companies choose Tungsten for e-invoicing

    The latest organisations to have selected Tungsten Network include Fresenius Medical Care and Dana-Farber Cancer Institute. Seven of the twelve largest pharmaceutical companies in the world, ranked by revenue, now transact with their suppliers through Tungsten Network.

  3. Tungsten Network successfully renews its ISAE3402 and ISO27001 compliance

    Independent auditors recently completed a thorough assessment of Tungsten Network’s internal controls and concluded that they adhere to the ISAE 3402 framework. External auditors have also successfully completed an ISO 27001 surveillance audit.

  4. Charles Bryant: bridging the cultural e-invoicing gap between EU and LATAM?

    On the Tungsten Blog, Charles Bryant posted an interesting article about the way e-invoicing is excuted in Mexico. As the title suggests, Charles Bryant carefully explores whether Europe should follow this approach.

    All in all it is intriguing to ask whether the current path of EU liberalised e-invoicing (without B2B mandates) should perhaps be flipped for a path where mandated e-invoicing and fiscal efficiency go hand in hand.

  5. Tungsten takes over DocuSphere, strengthening its e-invoicing offering

    Bull’s eye! Tungsten has –under conditions- bought DocuSphere. As you all probably know, DocuSpheres a provider of accounts payable automation services. Tungsten’s global supplier portal and e-Invoicing services combined with DocuSphere’s workflow and connectivity technology should help companies streamline their accounts payable functions from receipt of e-Invoice to payment even better!

August 2014

  1. Tungsten provides the Kerry Group with global e-invoicing capabilities

    Kerry Group is a leader in the food ingredients industry and has already been processing invoices electronically for 8 years (since 2006) in the UK and Ireland with Tungsten Network. As you all know, the Tungsten Network is the global trading network built on OB10 e-Invoicing.

  2. Brief: Tungsten wins extended global e-invoicing deal with BT

    Tungsten has won a new contract with BT Group PLC under which it will provide electronic invoicing, purchase order services, and an invoice status service to BT’s global operations.

    Tungsten and BT first signed an agreement to partner in 2003, when Tungsten was called OB10. The new contract extends the contract for Tungsten to provide electronic invoicing to BT’s entire global business.

July 2014

  1. Compliant e-invoicing in UAE: country number 46 for Tungsten

    Having completed a thorough review of Emirati commercial law, Tungsten Network now allows customers to send and receive electronic invoices that qualify as a legal invoice in the UAE.

    So why are the United Arab Emirates so important to Tungsten, you might ask. Well, that is because the UAE is one of the Middle East’s largest economies, one of the world’s most important business hubs and appointed by Tungsten clients as a key market.

June 2014

  1. Caterpillar extends Tungsten e-invoicing commitment to Poland and the UK

    Caterpillar is one of the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.

    Caterpillar is already a customer of Tungsten (as you know by now: the global e-Invoicing network built on OB10). It has now extended its contract to let Tungsten provide an e-Invoicing programme to its suppliers across the UK and Poland.

  2. Tungsten extends compliant e-invoicing to 45th country: Saudi Arabia

    Countries all over the world start implementing e-invoicing. And with it, they mostly develop fiscal e-invoicing schemes that differ from state tot state. That is why it is important to have a service provider that provides compliance in the states where your customers/suppliers are situated.

    Recently Tungsten added Saudi Arabia to its already impressive list of countries where they help organisations to streamline their processes and to achieve compliant straight-through processing.