Financial executives generally recognize that replacing outdated, paper-based accounting processes with e-invoicing delivers benefits that go beyond the operational. However, it’s often helpful to have some sort of Accounts Payable benchmark to build a framework for change. This also shows that from staffing resources to costs, Tungsten Network is improving operational performance.
Customers utilizing the electronic invoicing services of Tungsten Network reap multiple rewards, including greater accuracy, increased efficiency, and reduced processing costs. And the benefits just keep coming, with:
- Less fraud and risk with improved internal controls
- Reduced invoice exception management
- Fewer errors
Furthermore, Tungsten Network e-invoicing customers gain access to real-time data that is beneficial in reducing redundant and overspend, contributing more to cost savings.
Learn more about Tungsten Network and how an Accounts Payable benchmark is the first step in recognizing the value in change by downloading this informative report.