Tried, tested and trusted
Over the last 20 years, we have had the privilege of working with some of the world’s most respected organisations, across a variety of industries. Learn how we’re turning digital ambitions into reality.
About us
Dedicated to building the digital foundation for global businesses to realise world-class performance
Our story
Disruptive and experienced
Since 2000, our technology has evolved but our mission has remained the same: to enable our customers to maximise the value of the invoice process through our digital network of buyers, suppliers and other business ecosystems creating the foundation for achieving world-class performance in Finance.
Headquartered in London, with offices around the globe, we provide value-focused solutions, delivering total invoice digitisation and a host of associated benefits.
The journey to world-class starts with Tungsten Network.
The people who have united around our mission shape our culture
The diverse experiences and perspectives we each bring make Tungsten Network stronger, more innovative and more relevant to our customers. Our mission remains at the heart of everything we do. As Tungsten continues to grow, these core values will remain constant.
01
Collaborative
We are a global team of technologists, B2B commerce experts, process mavens and digital evangelists from all around the world. As a diverse team, we pool our skills and experience with a common goal – to be the digital foundation to your journey to world-class.
02
Innovative
In a world of constant change and challenges, a world-class foundation is powered by digital tools. Using outdated invoicing methods creates challenges for global organisations and we are motivated to solve those historic problems with innovative, digital solutions.
03
Customer obsessed
Over the last 20 years, we have built a network of the world’s biggest global brands. We’re dedicated to being a trusted partner, understanding customer needs and supporting businesses on their journey to world-class performance.
Company History
Tungsten Network’s milestones on our journey to world-class performance
2000
Open Business exchange (OB10) founded
Our founders were members of Visa Business Products Executive team when they found a gap in the market. Companies needed a solution that made invoicing easy - and compliant - to alleviate the need for corporate cards.
2001
Our 1st domestic customer – Fisher Scientific – joins OB10
In our first year, we ran successful pilots with four customers proving we could push invoices directly into the ERP system and engage with Suppliers. With this success under our belt, we set out and enroled seven more multi-national organisations.
2003
Our first global customer, HP, joins and we opened our North American offices in San Francisco
With HP joining the Network, we knew it was time to expand into the United States. Nothing fancy, but we opened our doors in San Francisco!
2006
We're growing!
Based on customer demand and a growing supplier base, we opened our doors in Sofia, Bulgaria and Kuala Lumpur, Malaysia with less than 10 people. Today, we have over 200!
2006
U.S Dept. Of Veteran Affairs and Imperial College London becomes customers
2010
100k Suppliers on the Network
Over 100,000 Suppliers officially transacting on the Network - and counting!
2013
OB10 is acquired and we become Tungsten Network, registered on AIM
2014
Tungsten Network acquires DocuSphere to complete our solution offering
We also launched Tungsten Early Payment which provided Network Suppliers access to cash on approved invoices.
2017
Tungsten Network launches new digital purchase order delivery and acknowledgement service
2018
Tungsten Network achieves SdI intermediary status in Italy supporting over 700 customers
Tungsten also launches compliant e-invoicing in India with the rollout of the government mandate.
2019
Bolstering our offering, Tungsten Network launches a total service for Accounts Receivable
A new and improved Tungsten Network Workflow launches Andrew Lemonofides joins as Chief Executive Officer
2020
New partnership agreement with Orbian provides flexible supply chain financing for our Network customers
2021
Tungsten Network earns two inaugural Perceptions Analytics Awards for Lowest DSO and Highest Overall Invoicing Value
We are also recognised as a Top AP Solution Provider 2021 by CFO Tech Outlook
2022
Kofax acquires Tungsten to deliver a cloud invoicing and AP automation platform supporting organizations at every level of maturity in the journey across the ‘order to cash’ lifecycle
