Tungsten Network E-invoicing Comparison Chart
Before Tungsten Network | After Tungsten Network |
---|---|
Lack of payment predictability | More predictable payment |
Payment status only obtained by calling customer for update, not knowing if your invoice has been approved for payment | Online visibility into customer’s accounts payable process with Invoice Payment Status |
Print and send invoices through regular mail or e-mail invoices as an attachment | Automatic invoice submission directly into your customer’s AP system |
No confirmation of invoice receipt – invoices get lost | Confirmation of invoice delivery |
Disputed invoices can take weeks or months to resolve | Invoices are validated in order to quickly identify and eliminate potential disputes |
How Tungsten Network Stacks Up
Tungsten Network | EDI | Fax | USPS | Overnight | ||
---|---|---|---|---|---|---|
CASH FLOW AND PROFITABLITY | ||||||
Improved cash flow | ✓ | ✓ | ||||
Improved profitability | ✓ | ✓ | ||||
More predictable payment | ✓ | ✓ | ||||
Payment status | ✓ | |||||
DELIVERY | ||||||
Guaranteed delivery | ✓ | ✓ | ✓ | |||
Delivery confirmation | ✓ | ✓ | ✓ | |||
Delivery and receipt within minutes | ✓ | ✓ | ✓ | |||
COST | ||||||
No hardware or software costs | ✓ | ✓ | ✓ | ✓ | ✓ | |
Low cost per invoice | ✓ | ✓ | ✓ | ✓ | ||
CONVENIENCE | ||||||
Deliver invoices form anywhere | ✓ | ✓ | ✓ | ✓ | ✓ | |
Submit directly into customer’s ERP system | ✓ | ✓ | ||||
Archive of delivered invoices | ✓ | ✓ | ✓ | ✓ | ✓ | |
No hardware or software to install | ✓ | ✓ | ||||
No paper handling | ✓ | ✓ | ✓ | ✓ | ✓ | |
Send attachments | ✓ | ✓ | ||||
No lost invoices | ✓ | ✓ | ||||
No errors |