Tungsten Network

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

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

February 2017

  1. Tungsten Network at the Forefront of E-invoicing Technology

    Key to any e-invoicing solution is increasing efficiency, reducing costs, and ensuring participation by both Suppliers and Buyers.

  2. 5 ways e-invoicing networks transform accounts payable into a profit center.

    Are you ready to take your AP department from cost center to profit center?

January 2017

  1. How paperless procure-to-pay can save time, money, and the economy

    Businesses simply can’t afford the delays caused by manual invoicing, says Tungsten Network CEO Richard Hurwitz in an interview with the website EuropeanCEO (full post)

  2. Tungsten overhauls SME payments proposition

    Launched by trade finance specialist Prabhat Vira, this proposition marks a new chapter in Tungsten’s history as an alternative finance provider.

November 2016

  1. “Businesses simply can’t afford the delays caused by manual invoicing” [Interview]

    EuropeanCEO magazine interviewes Richard Hurwitz, CEO of business transaction experts Tungsten Network. Why? Because, according to a businessadvice.co.uk report, paying invoices on time doesn’t seem like too much to ask. But in Europe, more than 40 percent of invoices are processed late.

    Richard Hurwitz explains in this interview how one client organisation has been able to speed […]

October 2016

  1. A short guide to invoice financing

    The article discusses that invoice financing enables small business owners to release cash tied up in outstanding customer invoices to balance cash flow and provide additional funding for growth.

September 2016

  1. Tungsten Network expands spend analytics offering, with new free-to-use platform

    This resource will allow buyers to analyse their own invoice data, offering comparisons against past spending patterns, often uncovering significant opportunities to make savings.

August 2016

  1. Smart tactics in e-procurement could save UK SME’s 106 billion GBP

    If British SMEs could realise even a small percentage of the estimated savings by e-procurement, profitability would soar and working capital as well as cash flow would be significantly improved, allowing businesses to be more agile and flexible.

July 2016

  1. The four biggest differences between processing XML and PDF e-invoices

    There are two schools of thought in e-invoicing. The first school believes an electronic invoice is a structured data file, rather than an unstructured file. The second school includes the receipt PDFs received by email. In this article Tungsten explains the biggest difference between XML and PDF e-invoicing

June 2016

  1. Tungsten makes invoice processing easy

    Over the past three years, Mondelez has gone from processing 80,000 invoices digitally a year to 500,000. E-invoicing has enabled the company to streamline its processes, increase efficiency and significantly reduce costs.