Monday 24th November, 2014

Tungsten is introducing a simplified tariff structure for suppliers using its global e-invoicing network, which will enable suppliers to submit tax compliant e-invoices in 47 countries.

The new tariff will shortly be available to all new suppliers and subsequently rolled out across existing suppliers on the Tungsten Network, following a successful pilot in the UK.

Once all users are on the new tariff, Tungsten expects that more than 80% of suppliers will no longer need to pay transaction fees to send an e-Invoice over the Tungsten Network.

The tariff includes an increased annual fee for those larger suppliers who have an automated connection to the Tungsten Network, in return for which Tungsten gives them 520 free transactions. All suppliers, whether they use Tungsten's online Web Form tool or its integrated solution, receive an initial number of free transactions, which are replenished annually.

At the same time, the supplier experience on Tungsten Network is being streamlined. For example, offering Click-to-Accept portal terms facilitates the advance to full process automation by eliminating the paper element from the contract management process for all new Tungsten Network suppliers.

Tungsten is also working to roll out its Invoice Status Service (ISS) to as many customers as possible, thereby reducing costs for both buyers and suppliers.

In the UK pilot of the new pricing structure, one major buyer reported that supplier adoption of Tungsten e-Invoicing increased from 55% to 64% in three months as a result of this new pricing model.