Tungsten Network
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.
- Company typePrivate
- Founded1986
- HeadquartersAtlanta, United States
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
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.
Tungsten Network firmographics
Firmographics- 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
Tungsten Network industry classification
Industry- 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
Where Tungsten Network is headquartered
LocationHeadquarters
- HQ city
- Atlanta
- HQ country
- United States
- HQ region
- North America
Markets served
Tungsten Network business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- 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).
- Enterprise Integration Solutions: Custom systems integration and implementation services for high-volume organizations using the integrated solution. Includes white-glove supplier onboarding services.
- Compliance Services: Ongoing compliance maintenance for global tax mandates across over 100 countries, ensuring enterprises stay ahead of legal obligations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Annual | Web Form - Free Tier |
| Unit Pricing | Pay-as-you-go | Average Cost-Per-Invoice |
| Subscription | Multi-year contract | Enterprise Integrated Solution |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Tungsten Network product offering
Product offeringCore 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
Companies that use Tungsten Network
Customer profileNamed customers2 records
Segments7 records
Ideal customer profiles2 records
Tungsten Network technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature5 records
Tungsten Network partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights6 records
Tungsten Network competitors and assessment
Company assessmentBroad 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
Tungsten Network social profiles
Digital presenceTungsten Network compliance and trust
Trust signalCompliance2 records
Tungsten Network financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tungsten Network leadership team
Management profileNumber of profiles
Profiles10 records
Tungsten Network funding detail
Funding detailFunding overview
Funding rounds3 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tungsten Network M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tungsten Network
What does Tungsten Network do?
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.
Is Tungsten Network a public or private company?
Tungsten Network is a private company. It is classified as venture growth investor backed and is currently operating.
When was Tungsten Network founded?
Tungsten Network was founded in 1986. It employs 251 to 500 people.
Where is Tungsten Network based?
Tungsten Network is headquartered in Atlanta, United States, in the North America region.
How does Tungsten Network make money?
Three revenue lines are on record. Transaction-based E-Invoicing is the primary driver. The others are enterprise Integration Solutions and compliance Services.
Who are Tungsten Network's main competitors?
Broad incumbents on record are Coupa Software and SAP Ariba. Emerging players are Ivalua, Tipalti, Bill.com and Yooz. Direct peers are Basware, Tradeshift, AvidXchange and Bottomline Technologies.
Does Tungsten Network have an API?
No public API is recorded for Tungsten Network.
What industry is Tungsten Network in?
Tungsten Network's product category is E-Invoicing & AP Automation Software. Its primary akta.pro industry code is FSAMAJAA, Biller Direct EBPP Platforms. Its NAICS code is 423430 and its SIC code is 5040.