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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.

May 2016

  1. Tungsten’s supply chain financing volume tripled in just 12 months

    After being on a rocky trail for some time, things are now looking promising aging for Tungsten. In the financial year (FY) that just ended, Tungsten financed invoices for 79 suppliers totalling over £100mln, compared with £32mln for 38 suppliers in FY15!

  2. UK SMEs are losing up to £9bn every year due to invoice fraud [Research]

    According to Tungstens research, nearly half (48%) of all businesses that were surveyed reported receiving a fraudulent or suspicious invoice in the last year.

  3. Kevin Wilbur becomes Tungsten’s President of AP Automation; driving global expansion of e-invoicing, PO services, workflow and analytics

    Tungsten Network has promoted Kevin Wilbur to the role of President, AP Automation. He will lead the expansion of digital invoicing, workflow and analytics capabilities across Tungsten’s global customer base, helping more finance and procurement departments.

April 2016

  1. Prabhat Vira appointed president of Tungsten Network Finance (supply chain finance)

    As President of Tungsten Network Finance, Vira is working closely with Richard Hurwitz, the CEO of Tungsten Corporation, to develop a radical “100 day plan” which will shape his strategy for the business.

December 2015

  1. Tungsten helps catch out false invoice claims in London borough

    The London Borough of Bexley has successfully foiled a number of fraud attempts. The local authority processes its invoices using the electronic invoicing platform provided by Tungsten Network, which means fraudulent invoices that might otherwise be paid out on are rejected.