Tungsten Network launches new invoice submission option for easier invoicing and faster payment
London: February 18, 2021
Tungsten Network has announced the launch of Email In, a new invoice submission option offering suppliers faster, easier, and more accurate invoicing.
The Email In solution uses AI to extract relevant data from PDF email attachments and create e-invoices. Before submission, suppliers can view a side-by-side representation of the original PDF and the extracted invoice to ensure 100% accuracy. After submission into the system, Tungsten auto-validates the invoice for VAT and buyer requirements, then delivers the e-invoice to the buyer for payment.
“Early adopter feedback is overwhelmingly positive,” says Miriam Weidner, Tungsten Chief Marketing Officer. “We’re thrilled when customers tell us they can recommend Email In without hesitation—that it helps them re-capture a tremendous amount of time and is easy to use.”
Tungsten designed the Email In to serve suppliers submitting between 200 and 600 invoices annually. At these volumes, eliminating manual data entry has a big impact on speed and accuracy. For some suppliers, processing time can decrease by up to 99%. Suppliers also have online visibility of delivery confirmation and invoice status.
Weidner continues, “The Email In solution requires no technical implementation support or set up fees, so getting started is easy. It helps increase invoice accuracy while cutting time and cost—there’s no more need for error prone and resource-heavy manual inputs. Suppliers get paid faster, with less hassle.”
Email In is one of five e-invoicing options on the Tungsten Network.
- Portal Webform Entry– Complete the online proforma
- Template – Save a proforma template for quicker submission
- PO Convert – Convert a PO received on the portal into an invoice
- Email In – Turn your PDF invoices into data for easier invoicing and faster payment
- Integration – Integrate your billing system with Tungsten to send electronic invoice data automatically
About Tungsten Network
Tungsten Corporation (AIM: TUNG) is the world’s largest, compliant business transaction network. A leading global electronic invoicing and purchase order transactions network; Tungsten’s mission is centred on enabling a touchless invoice process allowing businesses around the globe to gain maximum value from their invoice process.
Tungsten processes invoices for 74% of the FTSE 100 and 71% of the Fortune 500. It enables suppliers to submit tax compliant e-invoices in 53 countries, and last year processed transactions worth £195bn for organisations such as Caesars Entertainment, Computacenter, GlaxoSmithKline, Kraft Foods, Mohawk Industries, Mondelēz International, Procter & Gamble, Shaw Industries, Unilever and the US Federal Government.
Founded in 2000 and headquartered in London, Tungsten has offices in the US, Bulgaria and Malaysia, employing over 300 people.
For more information, please visit our website: https://prodtungsten.wpengine.com/