Traditionally, accounts payable invoice processing has been long and drawn-out — the invoice is received and is delivered to the correct department for approval, data is keyed in, and hard copies are filed for legal compliance. At any point during this process invoices can potentially be lost and are most certainly open to mistakes. For this reason, hundreds of thousands of businesses around the world are using Tungsten Network’s e-invoicing to increase invoice processing speed and reduce mistakes.
Suppliers and buyers utilizing the e-invoicing platform from Tungsten Network gain significant efficiencies for enhanced business decision making and cashflow management. Some of these benefits include:
- Reduced fraud and risk due to improved internal controls
- Greater straight-through-processing and less costs
- Improved productivity in the AP department
- Real-time data to optimize spending
There’s no doubt about it, automating the accounts payable invoice process will increase efficiency and accuracy. Learn more about how Tungsten Network can help you with the process. Download our informative white paper on e-Invoicing/e-Billing today.