Tungsten is rolling out a simplified flat fee tariff structure for suppliers using its electronic invoicing platform. The change in tariff structure is part of an effort to “remove any perceived barriers to adoption” on the suppliers’ end.
Tungsten expects that once all users are on the new tariff structure, more than 80% of the suppliers that are currently using the platform no longer need to pay transaction fees to send an electronic invoice.
The new tariff includes an increased annual fee for larger suppliers with an automated connection to its network, for which it will give them 520 free transactions.
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