Traditionally, accounts payable processes have been manual and paper based. In fact, a recent IFO study found that 80% of respondents have 50% or more of their total invoice volume still paper based. Of those 2/3rd have 75% or more in paper. This requires an investment in human capital and time, as well as an attention to detail that is necessary to prevent costly mistakes. Paperless invoicing scales easily and cost-effectively across functions, businesses, and regions, fueling and sustaining growth.
Tungsten Network, the global leader in e-invoicing, invoice financing and spend analytics, enables buyers and suppliers to submit, process, and pay invoices online in the language, currency and format of their choice.Tungsten Network’s flexible automation solution is ideal for streamlining invoice processing with:
- Paperless invoicing that can be leveraged for strategic advantage
- Insights into spending and payment
- Automated processes that reduce cost and effort
See how accounts payable automation will allow your AP department to breathe easy. Download our insights today.