U.S. Veterans Affairs receives 600,000 e-invoices annually with Tungsten Network

Veuillez essayer un autre navigateur

Vous utilisez un navigateur obsolète qui n'est pas compatible avec le contenu de notre site Web. Pour une expérience d'affichage optimale, veuillez utiliser Microsoft Edge ou consulter notre site sur un autre navigateur.

Si vous choisissez de continuer à utiliser ce navigateur, le contenu et les fonctionnalités disponibles seront limités.

26,000+

onboarded to the Tungsten Network

650,000

e-invoices received annually via Tungsten Network

46%

increase in electronic invoice submissions

$13 billion

in billed invoices processed efficiently through Tungsten

There are lots of organizations out there that provide web forms, and Tungsten does that too,” says Sandlin. “But when we made our selection it was very rare to have anyone that had an integrated solution – integrated meaning that it mapped into the vendors’ accounting solution directly and completely automated the system.

Ben Sandlin

Supervisory Financial Manager, VA FSC

Ben Sandlin helped to oversee the search for a solution provider that met the organization’s needs. The VA FSC needed to find a partner that could handle a large volume of invoices and provide the organizational and technological flexibility to grow with the agency’s needs. It also wanted a solution that would support the VA’s goals to automate its purchase-to-pay process.

The ability to add and upload attachments to e-invoices was a critical factor in selecting Tungsten Network over competitors. Additionally, Tungsten’s reputation in the marketplace and their proven methodology for vendor enrollment, engagement and delivery, backed by contractual SLAs separated them from others.

Meet U.S. Department of Veterans Affairs

The U.S. Department of Veterans Affairs Financial Services Center (VA FSC) was an early adopter of e-invoicing, joining Tungsten Network in 2007. The center handles 1.2 million invoices annually. The VA FSC needed to find a partner that could handle a large volume of invoices and provide the organizational and technology flexibility to grow with the agency’s needs. It also wanted a solution that would support the VA’s goals to automate its purchase-to-pay process.

The VA FSC leveraged Tungsten Network’s supplier onboarding program to reach out to its vendor community and educate providers about how and why they needed to adopt e-invoicing. Before the mandate, the VA FSC received 28% of its invoices electronically. Since the mandate has been implemented, that number has grown to over 75%.

The VA FSC’s digitisation journey is not over, as they continue to focus on driving all invoices to an electronic submission through the Tungsten Network and approved electronic means. While over 26,000 suppliers have been onboarded and $13 billion in billed invoices are processed through Tungsten, opportunity remains to broaden scope and vendor adoption even further.

U.S. Department of Veterans Affairs

Produit

tungsten