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“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 up its invoice processing time to a fifth of what it was, and reduce its error rate to just 0.25 percent. He also talks about the growth in invoice financing as an alternative source of funding for SMEs, and other value-added applications in the automated accounts payable space.


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