We all know that electronic payment processing makes accounts payable (AP) departments more efficient. However, it’s hard to reap the benefits when your suppliers choose not to participate in your electronic initiative. And that’s where Tungsten Network comes in.
Suppliers are encouraged to participate in the electronic initiative with no fees and an easy onboarding process. From their own accounting systems or via the Tungsten Network supplier portal, suppliers can submit electronic invoice data in their preferred format. Suppliers on the Tungsten Network also enjoy:
- Greater visibility into invoice and payment status
- Delivery support of legally compliant invoices in 47 countries
- Improved cash flow with early payment services
By making it attractive for suppliers to submit electronic invoices, buyers reduce processing costs and invoice exception management in addition to increasing efficiency and accuracy. And as the world’s largest compliant electronic invoicing network, Tungsten Network is the obvious choice to help with your electronic payment processing. For more details, download this report into e-Invoicing and e-billing.