As enterprise finance and procurement departments know only too well, invoice exceptions are one of the most time-consuming and costly issues facing them today. With one out of every three purchase order (PO) invoices generating an exception — for reasons such as price and quantity discrepancies, incorrect or missing PO numbers, or delivery issues — it’s no surprise that processing these exceptions takes a significant amount of staff. Consequently, these invoice exceptions also negatively impact the bottom-line.
Fortunately, there is a solution — straight-through processing (STP). Tungsten Network provides existing and new customers with straight through processing consulting and process optimization services that are used to:
- Increase working capital with fewer late payment fees
- Increase e-invoicing ROI
- Improve spend compliance with access to data analytics
Learn more about boosting your invoice automation rates by eradicating invoice exceptions. Download this e-Book to learn more about Tungsten Network and our path to straight-through processing (STP).