Background
In efforts to improve and optimise processes, Imperial College has looked into more efficient ways to receive and process supplier invoices. To that end, the Accounts Payable department alongside colleagues in Purchasing and ICT have implemented electronic invoicing since June 2006.
In order to achieve this, Imperial College partnered with Tungsten Network, formerly known as OB10, to enable suppliers to invoice electronically through their online Web Portal.
The electronic invoicing strategy had two distinct stages. The first was targeted at suppliers who sent the highest volume of invoices. In the first phase thirty-nine suppliers were converted accounting for approximately 60% of all supplier invoices received.
Between June 2006 and Dec 2013, Imperial College received approximately 700,000 electronic invoices.
In the second stage of our strategy, we targeted suppliers who send a lower volume of invoices (less than 200 per year). For that reason, we again partnered with Tungsten Network in order to find an alternative invoicing solution. After thorough testing and development we have implemented a new electronic invoicing process called PO Convert.
Frequently asked questions - E invoicing for Tungsten
- What is PO Convert?
- What does this mean for buyers?
- What does this mean for suppliers?
- Registration and Support