The number of e-invoicing compliant countries is growing for all the e-invoicing networks, and the number of large organisations and governments signing up is also increasing, as the latest announcements from Tungsten Network (OB10) show. 

Saudia Arabian compatibility

Following in-depth research and technical development, Tungsten Network, the global e-Invoicing network built on OB10, enables customers to send and receive domestic and offshore electronic invoices that comply with Saudi Arabian commercial law and qualify as a legal invoice. The first buyer customer to use this service within the region is King Abdullah University of Science and Technology (KAUST), which joined the network in 2013.

The addition of Saudi Arabia takes the number of compliant countries on the Tungsten Network to 45 and will help organisations streamline their processes around the world and achieve straight-through processing.

Accredited supplier to UK Government

Tungsten Corporation plc have announced that Tungsten Network, the global e-Invoicing network built on OB10, has been accredited as a supplier of the UK Government Crown Commercial Service, G-Cloud 5 Framework. Managed by the Crown Commercial Service, this is a pan government collaborative framework agreement for use by UK public-sector bodies, including central government departments and their arm’s length bodies and agencies, non-departmental public bodies, NHS bodies and local authorities.

Accreditation will help to accelerate business development as public-sector bodies benefit from pre-negotiated terms and fixed prices. It also eliminates the need for the public sector to tender competitively for the services covered by the framework, which in the UK can cost over £45,000 per process, the highest in Europe.

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CTMfile take: e-invoicing is becoming the launch pad for many supply-chain platform initiatives. It is a wasted opportunity if companies just employ e-invoicing as they will be missing out on other major opportunities to optimise their working capital and purchasing programmes, see.