Tungsten Network, a global e-invoicing network, has been contracted by General Electric (GE), to roll out a multi-year e-invoicing programme into every GE operation globally, with potential invoice volumes of approximately 16 million per annum. GE is also set to take Tungsten's Invoice Status Service to enable their suppliers to enquire about the status of the invoices submitted to GE.

Edmund Truell, Group CEO, Tungsten Corporation plc, said, “Tungsten Network is accelerating its expansion, with another new customer choosing us to offer electronic invoicing services globally - on a scale comparable with the entire volume of invoices being transacted over the network last year.” 

Tungsten connects a number of companies and government agencies to their suppliers around the globe. Tungsten Network processed transactions for organisations such as ADS, BT, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, Henkel, IBM, Kellogg's and the US Federal Government.

The Tungsten Network Service

The Tungsten Network is built on OB10 e-invoicing, enhancing the invoice-to-pay process to connect supply chains and enable predictable payment. Other services include: 

• Tungsten Analytics Service which gives procurement teams line-level insight into their spend data in real time. 
• Tungsten Network Finance supports businesses by giving suppliers access to supply chain financing through dedicated funds.