What is e-Invoicing?
Electronic invoicing (e-Invoicing) is the exchange of invoice documents between a supplier and a customer in an integrated electronic format. Traditionally, invoicing, like any heavily paper-based process, is manually intensive and is prone to human error resulting in increased costs and processing lifecycles for companies.
Why Tungsten Network?
Tungsten Network is a trusted global electronic invoicing platform that serves a high proportion of the global fortune 500 companies. It is the world's largest electronic trading network, connecting buyers and suppliers around the world with no hardware or software to install.
Their experience means that they are able to offer service options that accommodate a supplier of ERIKS stature. The Tungsten Network validates our invoice against the customer’s business rules. In the rare event anything is wrong, we’re informed immediately so it can be updated and delivered quickly.
What this means for ERIKS
Electronic invoicing through the Tungsten Network gives ERIKS faster and guaranteed invoice delivery, visibility of invoice status, and payment on time. Make no mistake; E-Invoicing is our preferred option for invoice submission.
The virtual transmission of invoice data means that ERIKS is moving to eliminate the need to handle paper invoices, enabling us to redirect resources to better serve our customers, and build stronger strategic relationships with our valued supply chain.
What are the benefits?
- Guaranteed invoice delivery eliminating lost/misrouted paper invoices
- instant invoice transmission
- Fully automated invoice data processing
- Free tracking of our invoice status from receipt to payment
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to help make our business together easier.