Procurement departments realize that having access to spend analytics can give them a leg up over the competition — and pharmaceutical procurement departments aren’t any different. What they like even more is having that data in real-time. Which is where Tungsten Network comes in.
Customers who utilize the electronic invoicing services of Tungsten Network gain access to previously inaccessible data at the service, category, invoice, enterprise, and Supplier level — in real-time. Pharmaceutical departments can use this data to:
- Recognize price variances on identical products, saving an average of 1-4% of total spend
- Justify vendor consolidation
- Monitor policy and contract compliance
In short, automating the invoice process with Tungsten Network allows businesses to gain access to analytics that can be used to supercharge procurement systems.
Learn more about Tungsten Network and how we’re helping pharmaceutical procurement departments around the world by downloading this informative paper.