Tungsten Network offers complete business continuity in France ahead of new e-invoicing mandate
Tungsten Network is gearing up to help businesses in France meet the new mandatory electronic invoicing and reporting requirements. Responding to the French government’s legal requirements that mandate the adoption of e-invoicing for all B2B transaction from 2024 onwards, Tungsten is offering businesses in France, and those who transact in France, consultancy, and guidance on how to fulfil these obligations as well as e-invoicing solutions. As a pioneer of electronic invoicing Tungsten has a long pedigree in working with businesses who are obligated to operate under such frameworks and has been offering compliance related services in France since 2004.
Tungsten’s e-invoicing offering supports businesses with the full range of compliance challenges – from identifying obligations and assessing requirements to designing and managing solutions. Additionally, Tungsten plays a key role in keeping abreast of interpreting and
offering wise counsel on all the changes in the regulatory environment across the globe. For over 20 years Tungsten has led the field in electronic invoicing and has been developing its regulatory and best practice knowledge from local market experience, building new format conversions, connecting locally authorised compliance partners and tax authorities, and enabling the use of true invoice digitisation.
“Tax mandates are ever-increasing with a lot of European countries posing a real challenge. But it’s made much simpler for us as we know Tungsten is on top of compliance requirements” commented Greg Liebe, Global Process Owner, GSK.
“As more governments mandate e-invoicing, dealing with every authority and each new platform can be overwhelming. And if you’re not compliant, you’re compromised”, said Ruud van Hilten Tungsten’s head of Compliance.
“We shield businesses from the cost and risk of non-compliance by providing globally compliant products and services. We stay ahead and abreast of the rules and obligations to keep our customers and their suppliers covered both today and tomorrow. And through our partnership with PwC we offer additional peace of mind. Together with their tax experts and our ongoing Tungsten internal research, development and audits it means businesses have a trusted team of global tax experts acting on their behalf. That is the value we bring.”
For further information contact Fiona Mclean: [email protected]
About Tungsten Network
Tungsten Network is the world’s largest, compliant business transaction network. A leading global electronic invoicing and purchase order transactions network; Tungsten’s mission is centred on enabling a touchless invoice process allowing businesses around the globe to gain maximum value from their invoice process.
Tungsten processes invoices for 60% of the FTSE 100 and 68% of the Fortune 500. It enables suppliers to submit tax compliant e-invoices in 54 countries, and last year processed transactions worth over £220 billion for organisations such as Caesars Entertainment, Computacenter, GlaxoSmithKline, Kraft Foods, Mohawk Industries, Mondelēz International, Procter & Gamble, Shaw Industries, Unilever and the US Federal Government.
Founded in 2000 and headquartered in London, Tungsten has offices in the US, Bulgaria, and Malaysia, employing over 227 people. In June 2022, Tungsten was acquired by Kofax.