Royal Caribbean Cruises has chosen Tungsten to control its invoice-to-pay processes.
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The benefits of the software deal include: reducing the time it takes to process invoices, cutting costs associated with invoice processing and improving visibility on its spend with suppliers.
The Miami-based cruise brand has joined Tungsten through DocuSphere, a provider of accounts payable (AP) automation services that was acquired by Tungsten in 2014.
Following its acquisition of DocuSphere, Tungsten can now offer customers who use AP automation software from JD Edwards, Oracle and SAP a better tailored solution to their AP needs.
Tungsten’s workflow product integrates with the JD Edwards Accounts Payable software that Royal Caribbean currently uses.
Tungsten enables the customers to streamline invoice processing, improve cash flow management and make better buying decisions from their data.
This apart, Tungsten network has also been selected by Caterpillar, a manufacturer of construction and mining equipments, diesels and natural gas engines, industrial gas turbines, for electronic invoicing.
Invoice automation brings consistency to the way companies handle transactions by improving purchase order compliance and payment on time, enabling VAT and contract compliance and strengthening supplier relations.
Meanwhile, Tungsten network brings compliant e-invoicing to customers in Qatar. The network enables customers to send and receive electronic invoices that qualify as a legal invoice in Qatar.
Buyer organizations that join Tungsten Network, reduces their invoice processing costs by 60 percent. It enables suppliers to submit tax compliant e-invoices in 47countries and last year processed transactions worth over $187 billion for organizations such as Alliance Data, Cargill, Lufthansa, General Motors, IBM, Kellogg’s.