Tungsten Corporation plc Among Cloud Top 500

Pountney Hill House 6 Laurence Pountney Hill

London, x, EC4R 0BL, United Kingdom

44 20 3318 5177

https://www.tungsten-network.com/

735

Tungsten Corporation plc Strengths, Domain Expertise, and Key Differentiators

Tungsten Network is a secure business transaction network that brings businesses and their suppliers closer together with unique technology that revolutionizes invoice processing, maximizes efficiency, and improves cash flow. Delivering trusted connections and streamlined transactions, the network also provides users with real-time spend analysis and offers suppliers access to invoice financing through Tungsten Network Finance, a form of alternative finance for businesses.

Tungsten Corporation plc Recent Developments

In January 2019 Tungsten released a new version of its Workflow product. Tungsten Network Workflow automates accounts payable processes, enabling incoming invoices to be automatically routed, coded, matched, approved, and posted into their Enterprise Resource Planning (ERP) system via an integrated connection. It offers users a single reference point from which they are able to track invoices, monitor cash flow, and respond to vendor inquiries relating to the status of their invoices.

The latest version introduces a range of new features, like a new reporting tool replete with options to make it even easier to create robust, comprehensive reports. The new application performs faster and has an entirely new look and feel, allowing for more intuitive user experience. It is also available on mobile devices, so users can manage their invoices more dynamically.

Tungsten Network Workflow 5.0 is available to existing Tungsten Network customers and is currently in its pilot phase with a number of these, including Honda Logistics.

Tungsten Corporation plc Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Tungsten Corporation plc applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Tungsten Corporation plc and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Tungsten Network Workflow customers.

Tungsten Corporation plc Key Enterprise and Cloud Applications

Tungsten Network Workflow

Tungsten Corporation plc Revenues, $M:

Type/Year20182019YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Tungsten Corporation plc Revenue Breakdown By Type, $M:

TypeLicenseServicesHardwareSupport & MaintenanceSaaS
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe

Tungsten Corporation plc Revenues By Region, $M

Region% of Total Revenues2019 Total Revenues, $M2019 Enterprise Applications Revenues, $M2019 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

Tungsten Corporation plc Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

Tungsten Corporation plc Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Tungsten Corporation plc Customers


No. of Tungsten Corporation plc Customers: 300000

No. of Tungsten Corporation plc Enterprise Applications Customers: x

No. of Tungsten Corporation plc Cloud Customers: x

No. of Tungsten Corporation plc Cloud Subscribers: x


Tungsten Network processes invoices for 74 percent of the FTSE 100 and 71 percent of the Fortune 500. It enables suppliers to submit tax compliant e-invoices in 48 countries, and last year processed transactions worth over £164bn for organizations such as Alliance Data, GlaxoSmithKline, Henkel, Kellogg’s, Mohawk Industries, Mondelēz International, Thermo Fisher, and the US Federal Government.

Tungsten Corporation plc Market Opportunities, M&A and Geo Expansions

In August 2018 Tungsten has expanded its service offering in Mexico to include processing and delivery of payment receipts. Mexico is the world’s first mandatory e-invoicing market, having instituted a mandate in 2011 for all B2B and B2G transactions in the country in a bid to reduce inefficiencies and combat fraud. All invoices raised in Mexico must be filed digitally in a pre-specified format called a ‘Comprobante Fiscal Digital por Internet” (CFDI).

The Mexican government has since mandated that from 1 September 2018, for each invoice where payment has not been received at or prior to the point of issue, a payment receipt document is required. Tungsten Network customers in Mexico can now submit payment receipts in the required CFDI format. Tungsten Network validates the document, matching it against the invoices previously issued by the customer, and delivers the result to the recipient. Payment receipt CFDIs are archived compliantly, with the entire process taking place within the Tungsten Network portal.

Tungsten Corporation plc Risks and Challenges

The business model fails to meet its strategic objectives.

Tungsten Network works with some of the world’s biggest companies. There is a risk that Tungsten Network may fail to win and/or retain contracts on satisfactory terms and conditions with the existing as well as new targeted customers and markets.

Failure to invest in enhancements to the infrastructure and operating systems leading to loss of advantage over their competitors and failure to meet the expectation of their customers.

Tungsten Corporation plc Ecosystem, Partners, Resellers and SI

Tungsten Network is on a mission to support businesses on the journey to achieving world-class. Through their strategic partnerships, they are enabling its customers to maximize the digital foundation they have put in place to truly maximize the value of the invoice and achieve world-class performance.

Among its partners are Genpact, Coupa, Infosys, Denovo, Consider Solutions, Tech Mahindra, Orbian, APEX Analytix and many others.

Tungsten Corporation plc Cloud Infrastructure Insights

Subscribe to read more about:

  • Tungsten Corporation plc Public Cloud and Infrastructure (IaaS)
  • Tungsten Corporation plc Platform (PaaS)
  • Tungsten Corporation plc Application Delivery
  • Tungsten Corporation plc Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.


Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).


For additional information on our methodologies, here's the link:

https://www.appsruntheworld.com/About Us
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ

Copyright © 2021, APPS RUN THE WORLD