Imperial College reduces transaction costs by 60%

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Fallstudie

By taking a holistic appraoch to e-invoicing, Imperial College was able to reduce transaction costs, speed up payment processing, and eliminate paper from their AP processes once and for all.

85 %

of its invoices processed electronically

Transactional costs down from

£2.50 to £1

Achieved 90%

straight-through processing Achieved

Reduced

administration and improved processes

We are partners; both sides have the same goal. We need e-invoicing, and Tungsten does just that. E-invoicing means we can do more for less.

Doru Procopiu

Accounts Payable Manager at Imperial College

THE CHALLENGE

Like many leading institutions, Imperial College has a mission to reduce its carbon footprint across the supply chain. In particular, with a goal of reaching 100% e-invoicing, Imperial College faces the challenge of educating and advising its last remaining paper suppliers on the positives of going digital, and automating it accounts payable process.

Meet Imperial College

Imperial College in London has an unparalleled history of producing leading scientists, engineers and innovators. Ranked 11th in the world according to the Times Higher Education’s most recent league table, the college is also leading the way when it comes to e-invoicing. Having worked with Tungsten Network since 2006, Imperial College has forged a successful fifteen year partnership with the fintech provider.

Visit Imperial College

Produkt

Tungsten