Tungsten Network
Automate accounts payable with AI-powered e-invoicing for unmatched speed, accuracy, and compliance.
Executive Summary
Tungsten Network, now part of Tungsten Automation, provides a global e-invoicing and invoice capture solution, InvoiceAgility, that connects businesses and their suppliers. It leverages AI-powered automation to streamline accounts payable and receivable processes, ensuring secure, compliant electronic invoice exchange. The platform is designed for mid-market to enterprise organizations, aiming to reduce costs, improve efficiency, and enhance cash flow management through advanced data extraction, validation, and analytics.
Use Cases
- Automating end-to-end invoice processing for global enterprises.
- Ensuring compliance with diverse global e-invoicing and tax regulations.
- Optimizing cash flow and strengthening supplier relationships through faster payments and insights.
- Reducing manual data entry, errors, and processing times in Accounts Payable.
- Streamlining document and workflow automation across financial operations.
- Integrating with existing ERP systems for seamless financial data exchange.
Features
Visibility
- Real-time Invoice Tracking: Provides real-time visibility into the status of invoices throughout the entire AP process for both buyers and suppliers.
- Comprehensive Analytics Dashboard: Offers an analytics dashboard with key metrics and statistics to monitor AP performance and identify trends.
- Supplier Self-Service Portal: Enables suppliers to check invoice status, submit invoices, and access payment information, reducing inquiries to AP teams.
- Customizable Reporting: Allows users to generate and export custom reports on invoice data, including pre-built KPIs, for deeper analysis.
Intelligence
- AI-Powered Data Extraction: Utilizes AI and Generative AI to accurately extract data from diverse invoice formats, including unstructured documents, with high automation rates.
- Automated Validation and Matching: Performs automated validation against business rules, tax regulations, and purchase orders (three-way matching) to ensure accuracy and compliance.
- Tungsten Copilot for Conversational Insights: Offers an AI Copilot that allows users to inquire about invoices, suppliers, and GL coding using natural language for immediate answers and insights.
- Intelligent Workflow Automation: Routes invoices through intelligent workflows, including automated exception handling, to accelerate processing and reduce manual intervention.
Support
- Extensive FAQ and Documentation: Provides a comprehensive set of frequently asked questions and detailed documentation to guide users.
- Supplier Onboarding Services: Offers a white-glove service for supplier onboarding to expedite the transition to e-invoicing for buyers.
- Web-based Platform Access: The platform is web-based, requiring only a browser and internet access, simplifying deployment and support.
Technical Specifications
- Architecture
- Cloud-based trading network, web-based application, ERP-agnostic integration approach
- Deployment
- Cloud/SaaS
- Authentication
- Simple Authentication, Active Directory (LDAP) Authentication, Active Directory Single Sign-on (SSO) Authentication
- API Available
- Yes
- MCP Server
- No
AI/ML Stack
- NLP
- Machine Learning
- Generative AI
Integrations
- SAP
- Oracle
- Microsoft Dynamics
- Workday
- NetSuite
Security & Compliance
Certifications: ISO 27001, HIPAA, GDPR, CCPA, PCI DSS
Encryption: AES-256 at rest
Data Residency: Global
Pricing
- Model
- Tiered subscription (annual membership + transaction fees)
- Starting Price
- Contact sales
- Target Customer
- Mid-market to Enterprise
- Contract Type
- Annual
- Free Trial
- Yes, Custom demo (credit card required)
About Tungsten Network
Tungsten Network is a global electronic invoicing firm that provides supply chain financing services from international offices in the United Kingdom, United States, Bulgaria, Germany, and Malaysia. Founded in 2000, the company offers a secure e-invoicing and purchase order services platform that connects businesses and their suppliers, streamlining invoice processing and improving cash flow.
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