Source: Tungsten
Tungsten Network, the global e-Invoicing network built on OB10, has been selected by Caterpillar, the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives, to provide an e-Invoicing programme to its suppliers across the UK and Poland.
To achieve world-class levels of efficiency within Purchase-to-Pay functions, organisations are introducing electronic invoicing to replace paper-based, manual processing that is prone to mistakes and causes payment delays that can impact relations with suppliers.
Invoice automation brings consistency to the way companies handle transactions by improving purchase-order compliance and payment on time, enabling VAT and contract compliance, and strengthening supplier relations.
Edmund Truell, Group CEO at Tungsten Corporation, said, "We are delighted to welcome Caterpillar to Tungsten Network. This is yet another milestone as we realise our vision to create the world's largest electronic trading network."