# Tungsten Network to collaborate with BNP Paribas in offering e-invoicing linked Receivables & Supply Chain financing solutions to large corporates
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-12-07
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Tungsten Network & BNP Paribas Collaborate on
Meta Description: Tungsten Network partners with BNP Paribas to offer e-invoicing-linked Receivables Purchase and Supply Chain Finance to large corporates, enhancing working
URL: https://financedigest.com/tungsten-network-to-collaborate-with-bnp-paribas-in-offering-e-invoicing-linked-receivables-supply-chain-financing-solutions-to-large-corporateshtml

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Tungsten Network will collaborate with BNP Paribas to offer _e-invoicing linked Receivables Purchase_ and _e-invoicing linked Supply Chain Finance (e-SCF)_ to large corporates in the USA and Canada.

Through this collaboration, BNP Paribas and Tungsten Network will have the opportunity to use their combined strengths to originate and leverage innovation in the FinTech space. This means that large corporates will now be able to receive an alternative working capital solution through the same technology provider they use for e-invoicing and accounts receivable activities.

Prabhat Vira, President, Tungsten [Network Finance](https://www.financedigest.com/keeping-ahead-of-network-challenges-in-the-finance-industry.html "Keeping ahead of network challenges in the finance industry"), said: “This is a breakthrough for the industry. By linking e-invoicing with [supply chain](https://www.financedigest.com/minimising-supply-chain-cyber-risks-by-asking-the-right-questions.html "MINIMISING SUPPLY CHAIN CYBER RISKS BY ASKING THE RIGHT QUESTIONS") and receivables purchase, we are in a position to offer a one-stop solution that brings together process efficiency and working capital optimization.

“We are excited to be working with [BNP Paribas](https://www.financedigest.com/bnp-paribas-first-quarter-revenue-beats-as-trading-outperforms.html "BNP Paribas first-quarter revenue beats as trading outperforms"), a hugely successful, global Trade Finance bank and are pleased to say that we already have e-invoicing linked Receivables Purchase transactions under execution.”

Rolando Perez-Elorza, [Head of Global](https://www.financedigest.com/global-growth-headed-down-as-inflation-surge-to-endure.html "Global growth headed down as inflation surge to endure") Trade Solutions, Americas, BNP Paribas states: “We appreciate the value of collaborating with technology procure-to-pay providers like Tungsten Network to collectively build solutions that are meaningful for clients and leverage the capabilities and expertise of all parties.”

Prabhat Vira continues: “We are pleased to be at the vanguard of what looks like a broader industry trend that is bringing fintechs and banks together to [drive innovation and offer value-added alternatives to customers](https://www.financedigest.com/customized-innovation-to-drive-the-human-microbiome-market.html "Customized innovation to drive the Human Microbiome Market"). This collaboration supports Tungsten Network’s strategy of offering [greater value](https://www.financedigest.com/how-to-unlock-greater-value-from-artificial-intelligence.html "How to unlock greater value from artificial intelligence") to all customers transacting on the network.”


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