Case Study: Thermo Fisher Scientific boosts AP productivity with Tungsten Network e-invoicing

Thermo Fisher Scientific increases AP productivity by 37% with Tungsten Network

Thermo Fisher Scientific's European division faced challenges with non-uniform and inefficient accounts payable processes across its offices, struggling to adhere to changing country-specific e-invoicing mandates. To address this, they partnered with vendor Tungsten Network to automate and digitize their regulatory compliance efforts and implement a standardized system.

By implementing Tungsten Network's solutions, Thermo Fisher Scientific was able to onboard a majority of its suppliers onto the e-invoicing network. This resulted in a 37% increase in AP productivity, with half of all invoices now managed through Tungsten. The solution drastically reduced issues with lost or unpaid invoices and enabled the AP team to shift from transactional tasks to more analytical, value-added projects.

Thermo Fisher Scientific