Tungsten Network has announced it has been selected by Caterpillar to provide an e-Invoicing programme to its suppliers across the UK and Poland.
To achieve levels of efficiency within Purchase-to-Pay functions, organisations are introducing electronic invoicing to replace paper-based, manual processing which are prone to mistakes and causes payment delays that can impact relations with suppliers.
Invoice automation brings consistency to the way companies handle transactions by improving purchase-order compliance and payment on time, enabling VAT and contract compliance, and strengthening supplier relations.
Edmund Truell, Group CEO at Tungsten Corporation, said, “We are delighted to welcome Caterpillar to Tungsten Network. This is yet another milestone as we realise our vision to create the world’s largest electronic trading network.”
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