Bull’s eye! Tungsten has –under conditions- bought DocuSphere. As you all probably know, DocuSpheres a provider of accounts payable automation services. And the acquisition of DocuSphere by Tungsten should bring additional strength to the Tungsten offering.
In essence, Tungsten’s global supplier portal and e-Invoicing services combined with DocuSphere’s workflow and connectivity technology is to help companies streamline their accounts payable functions from receipt of e-Invoice to payment.
The integration of DocuSphere with Tungsten Network:
- adds certified integration tools that cover over 80% of the ERP software used by Fortune 2000 companies to Tungsten’s services.
- provides Tungsten with increased control over the speed, cost, and quality of implementation with no need to rely on third parties or middleware providers.
- provides companies the workflow and connectivity tools they require to support their invoice-automation initiatives, in particular when handling invoice exceptions and achieving straight-through processing.
- DocuSphere customers will gain access to its compliant e-Invoicing services, supplier portal, dedicated supplier engagement and technical capabilities. All Docusphere customers will enjoy greater flexibility and will become part of a wider community of blue-chip multinational organizations.
Rick Hurwitz, CEO, Americas, at Tungsten Network:
“The combination of Tungsten and DocuSphere demonstrates our commitment to delivering a secure, smart and fast e-Invoicing proposition. The addition of DocuSphere’s talented team and technologies will allow us to take more control of the results we deliver to our customers, and enhance our already powerful e-Invoicing services.”
Bradley White, Chief Executive Officer and President of DocuSphere:
“Increased control, on-time payment and straight-through processing are key goals for any forward-thinking finance function. Customers are looking for integrated, end-to-end solutions that automate and digitize their invoice processes, and enable them to trade with confidence. By becoming part of Tungsten Network, we will provide additional value and services to our community of current and future customers, and greater opportunities for our employees.”
