Case Study: Imperial College Reduces Transaction Costs with Tungsten Network

Imperial College reduces transaction costs by 60% with Tungsten Network

Imperial College, a leading university in London, faced the challenge of reducing its carbon footprint and automating its accounts payable process to eliminate paper and achieve 100% e-invoicing. To meet this goal, the institution partnered with vendor Tungsten Network and utilized its e-invoicing solutions, including the Tungsten e-Invoice Network.

By implementing Tungsten Network's solutions, Imperial College was able to take a holistic approach to e-invoicing. This resulted in a 60% reduction in transaction costs, which fell from £2.50 to £1 per transaction. The university also achieved 90% straight-through processing, sped up payment processing, and eliminated paper from its AP processes. The vendor, Tungsten Network, helped Imperial College significantly reduce administration and improve its overall financial operations.

Imperial College