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 | ||||||