If there’s one thing procurement departments recognize, it’s that accessing spend analytics is what gives them a leg up over the competition. What’s even better is when that data is available in real-time. Which is where the Tungsten Network system comes in.
Customers utilizing the automated invoicing services of Tungsten Network gain access to previously inaccessible data at the category, invoice, service, Supplier, and enterprise level— in real-time. Procurement departments can use this data to:
- Justify vendor consolidation
- Identify price variances on identical products, saving an average of 1-4% of total spend
- Monitor contract and policy compliance
In short, by automating invoicing with Tungsten Network, businesses are gaining access to analytics that can be used to supercharge procurement systems.
Learn more about Tungsten Network Analytics by downloading this report.