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Press Release

Tungsten Network Earns Two Inaugural Perceptions Analytics Awards for Lowest Dso and Highest Overall Invoicing Value

The award recognizes the electronic invoicing solution from Tungsten Network that streamlines invoice processing and improves relationships between suppliers and customers.

Tungsten Network earns two inaugural Perceptions Analytics Awards for Lowest DSO and Highest Overall Invoicing Value

London, 1 March 2022: Tungsten Network, the world’s largest, compliant business transaction network, has won the first annual Perceptions Analytics Award in two categories: Most Effective at Reducing DSO and Highest Overall Value-Invoice Submission.

The Perceptions Analytics Award was created by Receivable Savvy to recognize the excellent work of electronic invoicing solution providers. The awards also highlight the value real electronic invoicing users, those supplier organizations participating in the Perceptions Analytics study, receive from the solution providers they use.

Paul Cooper, CEO at Tungsten Network, commented, “We are truly delighted to receive these two awards from Receivable Savvy. It is a real confirmation of the value Tungsten Network provides to its suppliers and our standing in the industry. Working with Perception Analytics gives us unbiased analysis into how suppliers submit invoices, enabling us to provide a great service to our customers based on insight and research. Putting customer insight and needs at the heart of the Tungsten Network value proposition and service offering is critical to our success, and these awards confirm and acknowledge that strategy.”

Perceptions Analytics is the first truly interactive dashboard available to suppliers, customers, and third-party solution providers containing unbiased responses from large, midsize, and small supplier organizations in dozens of categories on solution provider performance. There are thousands of data combinations, allowing subscribers to see precisely how solution providers perform in multiple categories segmented industry, revenue size, invoice volume, and more.

“Receivable Savvy is pleased to present Tungsten Network with these awards, highlighting the great work the company does in connecting customers with suppliers and enabling the frictionless transfer of business documents to foster straight-through processing,” said Ernie Martin, Founder and CEO of Receivable Savvy. “Perceptions Analytics is the only way suppliers, customers, and solution providers can find unbiased, electronic invoicing performance data from real users via an easy-to-use interactive platform.”

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 60% of the FTSE 100 and 68% of the Fortune 500. It enables suppliers to submit tax compliant e-invoices in 54 countries, and last year processed transactions worth over £220 billion 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 227 people.

About Kofax

Kofax enables organizations to Work Like Tomorrow™—today. Our Intelligent Automation Platform and Solutions improve business critical operations through actionable insights and data-intensive workflow automation. Customers realize faster time-to-value and increased competitiveness, growth and profitability by combining Kofax’s cognitive capture, RPA, process orchestration, analytics and mobile capabilities while increasing business resiliency and mitigating compliance risk. For more information, visit www.kofax.com. Read more on the Kofax Blog and follow us on LinkedIn and Twitter.

 

Contact

Fiona McLean
+44 7748520983
fiona.mclean@tungsten-network.com

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