Tungsten Network

What Tungsten Network does

Tungsten Network operates a proprietary global B2B e-invoicing network that connects buyers, suppliers, and financial institutions for the secure exchange of electronic invoices compliant with country-specific tax mandates. The platform is organized around the Tungsten e-Invoice Network core, supplemented by Tungsten InvoiceAgility (integrated invoice capture and network delivery), Tungsten AP Essentials (invoice approval workflows), and Tungsten TotalAgility Cloud (a FedRAMP High authorized process automation platform, ATO received September 2025). Technology is built on cloud-native document and workflow automation with AI-driven capabilities for invoice data extraction, validation, anomaly detection, and autonomous exception handling, achieving a stated 95% straight-through-processing rate at an average cost-per-invoice of $2 versus a global average of $10.89.

The business operates across six primary verticals — Banking & Financial Services, Healthcare, Government, Supply Chain, Insurance, and Enterprise AP departments — with certified compliance in over 100 countries and named enterprise customers including Schneider Electric (manufacturing) and Mondelēz International (food & beverage). Revenue is generated through three interlocking streams: per-transaction fees on invoices processed through the network, professional services for enterprise systems integration and white-glove supplier onboarding, and recurring compliance subscriptions across jurisdictions. The go-to-market is hybrid: dedicated enterprise field sales for high-volume integrated deals and a self-serve Web Form portal (with 52 free annual transactions) for long-tail supplier acquisition.

The legal entity is Tungsten Automation Corporation, a privately held Delaware corporation headquartered in Atlanta, USA, that was originally founded as Kofax in 1986 and rebranded to Tungsten Automation in 2023. The company reports 251-500 employees, maintains industry-standard certifications including SOC 2 Type II, and pursues additional regulated verticals through certifications such as FedRAMP High.

Name

Tungsten Network

Legal name

Tungsten Automation Corporation

Website

https://tungsten-network.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

251–500 employees

Short description

Tungsten Network operates a proprietary global B2B e-invoicing network connecting buyers, suppliers, and financial institutions across 100+ countries, with AI-driven invoice processing and FedRAMP High authorized cloud automation serving enterprise AP departments, banking, healthcare, government, supply chain, and insurance verticals.

Ownership category

akta.pro rank

Product category

E-Invoicing & AP Automation Software

NAICS

Computer and Computer Peripheral Equipment and Software Merchant Wholesalers (423430)

SIC

Wholesale-Professional & Commercial Equipment & Supplies (5040)

akta.pro primary industry

Biller Direct EBPP Platforms (FSAMAJAA)

Keywords

• E-invoicing network
• Accounts payable automation
• Document automation
• Invoice processing
• Supplier onboarding

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Transaction-based E-Invoicing: Revenue generated per invoice processed through the network. The company charges per-transaction fees with an average cost-per-invoice of $2 compared to the global average of $10.89. Web form users receive 52 free annual transactions, then purchase additional transactions (minimum 25).
2. Enterprise Integration Solutions: Custom systems integration and implementation services for high-volume organizations using the integrated solution. Includes white-glove supplier onboarding services.
3. Compliance Services: Ongoing compliance maintenance for global tax mandates across over 100 countries, ensuring enterprises stay ahead of legal obligations.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Tungsten Network provides a global B2B electronic invoicing network and a suite of accounts-payable automation products that let enterprises send, receive, validate, and process invoices digitally with their supplier base. Its core products include the Tungsten e-Invoice Network, Tungsten InvoiceAgility, Tungsten AP Essentials, Web Form, and Integrated Solution, supplemented by professional services for supplier onboarding and ERP integration.

Product overview

Tungsten Automation offers a platform-plus-modules architecture for document and workflow automation. The core portfolio includes the Tungsten e-Invoice Network for electronic invoice exchange and compliance, supplemented by InvoiceAgility as an integrated invoice capture and e-invoicing solution. Additional modules include Tungsten AP Essentials for invoice approval workflows, Web Form for low-volume invoice submission, and Integrated Solution for high-volume automated processing. These products work together to provide end-to-end accounts payable automation from invoice capture through payment processing, with capabilities spanning document workflow automation, AP & AR automation, print & workplace automation, and PDF & eSignature.

Differentiator

Problem solved

Functional benefit

Brands

• Tungsten InvoiceAgility: Integrated invoice capture and e-invoicing network solution that processes any invoice in any format from any supplier.
• Tungsten AP Essentials

Products and services

• Tungsten e-Invoice Network
• Tungsten InvoiceAgility
• Tungsten AP Essentials
• Web Form
• Integrated Solution

Quantifiable outcome

• 95% straight-through-processing rate for automated invoice handling
• +3 more outcomes

Named customers2 records

Segments7 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature5 records

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Coupa Software: Broad incumbent in Business Spend Management (AP, procurement, supply chain) that bundles e-invoicing inside a wider suite, competing for the same enterprise AP budgets as Tungsten.
• SAP Ariba: Broad incumbent B2B commerce network embedded in SAP's ERP ecosystem, competing for global enterprises' invoice-to-pay and supplier enablement workloads alongside Tungsten.

Emerging players

• Ivalua: Procurement and AP platform with e-invoicing capabilities, overlapping in enterprise buyers evaluating unified spend management vs. best-of-breed Tungsten invoicing.
• Tipalti: Emerging player in AP automation and global payments, with overlapping invoice capture and supplier management modules competing for the same finance transformation budgets.
• Bill.com: Adjacent AP and bill payment platform widely adopted by SMBs and mid-market; overlaps with Tungsten's lower-volume self-serve tier and shared buyer-side AP automation.
• Yooz: Cloud-based AP automation and e-invoicing vendor competing in the mid-market segment, with similar touchless invoice processing claims to Tungsten InvoiceAgility.

Direct peers

• Basware: Direct peer offering AP automation and e-invoicing networks for large enterprises globally, including invoice capture, B2B connectivity, and compliance services overlapping materially with Tungsten's portfolio.
• Tradeshift: Direct peer operating a B2B e-invoicing and supply chain finance network connecting buyers and suppliers — closest network-effect analogue to Tungsten's e-Invoice Network.
• AvidXchange: Direct peer focused on AP automation and B2B payment networks for mid-market and enterprise, with comparable invoice capture and supplier onboarding capabilities.
• Bottomline Technologies: Direct peer in B2B payments, e-invoicing, and document automation serving banks and corporates — overlapping verticals (financial services, insurance, treasury).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/tungstennetwork
• YouTubeyoutube.com/@TungstenAutomation
• Facebookfacebook.com/TungstenAI
• LinkedInlinkedin.com/company/tungstenautomation

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds3 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tungsten Network