Tungsten Network has extended its analytics offering to include accounts receivable dashboards, allowing the 300,000 customers on its network to glean deeper insight into their cash flow and manage their finances more effectively.
It builds on Tungsten Network’s analytics product for accounts payable, launched in 2016 and marks the first time that the service will be available for accounts receivable.
According to Tungsten Network’s recent survey of 2,700 businesses, 80% of firms are still using dated methods such as spreadsheets as a tool for their invoices, which take a huge amount of time and effort. Analytics Accounts Receivable has been designed to allow businesses to obtain an immediate overview of their invoice performance, tracking invoice progression in near real time all the way through to payment.
The new release is available to Tungsten Network’s UK-based customers now, with a global roll out, including the US, planned from June 2018. Pricing will be on a per module basis.