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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- A short guide to invoice financing
- Tungsten Network expands spend analytics offering, with new free-to-use platform
- Smart tactics in e-procurement could save UK SME’s 106 billion GBP
- The four biggest differences between processing XML and PDF e-invoices
- Tungsten makes invoice processing easy
- Tungsten’s supply chain financing volume tripled in just 12 months
