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GroupM has partnered with Tungsten Network to provide a simpler way for suppliers to submit invoices.
The processing of traditional paper invoices has always been costly, time-consuming, and prone to errors and late payments. We strongly believe adopting e-invoicing is one of the steps we both need to take to meet our mandatory e-invoicing programme and bring benefits to both our businesses. We have partnered with Tungsten Network because they have the most trusted global electronic invoicing platform and accommodate businesses of varying sizes, systems, and processing capability. Since 2013, successive successful onboarding campaigns have been launched by our partner Tungsten Network (leading global e-invoicing network), to facilitate your transition to e-invoicing.
Most of GroupM’s suppliers, located in Europe, North America, and Asia have already registered for e-invoicing with Tungsten Network and have been submitting their invoices via Tungsten since 2013. We are currently launching the “Remaining suppliers” onboarding campaign as GroupM drives towards removing all non-electronic invoicing over time and e-invoicing will soon become the prerequisite to do business with GroupM entities worldwide.
Based on strong performance measurements and feedback from our onboarded suppliers, we are confident of the numerous benefits of using e-invoicing. One of the most important concerns for suppliers is definitively getting paid on time in order to improve your cash-flow management. Within GroupM, it has been observed that e-invoicing has increased the “Paid on time” indicator by more than 10%. Registering on the Tungsten Network, you will experience greater efficiencies from GroupM’s Accounts Payable department processing your invoices. We are confident you will see significant benefits to your business including:
Moreover, the new pricing policy of Tungsten Network clearly encourages you to join:
Tungsten Network, the world’s largest electronic trading network, connects buyers and suppliers around the world. With no hardware or software to install, Tungsten Network offers two easy methods to electronically send your invoices to GroupM:
The Tungsten Network Integrated Invoice Solution is recommended for users who send a high volume of invoices.
The Tungsten Network Web Form Invoice Solution is recommended for users who send a low volume of invoices.