LONDON, March 11, 2014 /PRNewswire/ --
Tungsten Corporation customers
honoured for their results with
electronic invoicing
Tungsten Corporation plc (LSE: TUNG), the company that
accelerates global trade by combining the OB10 e-Invoicing network
with spend analytics and supply chain financing, is delighted to
announce the winners of its 2014 Tungsten customer awards.
The awards - presented at the annual customer event in
London - celebrate companies that
have gone the extra mile in rolling out their electronic-invoicing
initiatives and acting as champions for process automation in
Purchase to Pay.
By acknowledging the extra efforts made to eliminate paper
invoices, the winners offer examples of best practice and
encouragement to other organisations looking to achieve
straight-through processing.
The winners of the 2014 Tungsten Awards are:
Innovator of the Year: Mondelēz
International
Mondelēz, one of the world's largest snacks companies, has been
recognised for being quick to adopt new approaches to increasing
supplier engagement with
e-Invoicing
Supplier Engagement: US Department of
Veterans Affairs
As the second-largest US government department, the Department
of Veterans Affairs receives this award for converting the highest
number of suppliers to electronic invoicing during 2013
Champion of the Year: GlaxoSmithKline
CBS Financial Services
The team at GSK significantly advanced its e-Invoicing programme
in 2012 and continues to promote the adoption of e-Invoicing best
practice in the market
Global Expansion: Henkel
In the past 12 months, Henkel has taken its e-Invoicing
programme through OB10 from Europe
to Asia Pacific and the US, and
will soon be live in Latin
America
100% e-Invoicing: Tesco
Tesco, an e-Invoicing advocate, is focused on converting 100% of
its goods-not-for-resale invoices to electronic in the UK and
Ireland. It made significant
progress towards this goal in 2013 and also implemented Invoice
Status Service for its suppliers
Edmund Truell, Group CEO of
Tungsten Corporation, said, "These awards recognise the
extraordinary efforts of the organisations we partner with as they
continue to deliver efficiencies, streamlined processes and
stronger supply chains through e-Invoicing. We are honoured to work
with these organisations, and hope their initiative will encourage
more businesses and governments to adopt better working
practices."
About Tungsten Corporation plc
Tungsten Corporation plc (LSE: TUNG) accelerates global trade by
enabling customers to streamline invoice processing, improve
cash-flow management and make better buying decisions from their
detailed spend data.
Buyer organisations that join Tungsten's secure OB10 e-Invoicing
network can reduce their invoice-processing costs by 60% while
suppliers, through greater visibility of their invoice status, also
gain efficiencies and peace of mind. Tungsten Corporation offers
supply chain financing to suppliers and will help buying
organisations profit by applying innovative spend analytics to its
vast repository of invoice data.
Tungsten connects some of the world's largest companies and
government agencies to their thousands of suppliers around the
globe. It is compliant in 44 countries, and processes transactions
worth over $180 billion per year for
organisations such as Aviva, Cargill, Deutsche Lufthansa, General
Motors, GlaxoSmithKline, IBM, Kellogg's, US Federal Government,
Tesco and Whirlpool.
Contact: Sandra Higgison, Head of
Global Communications, +44-(0)20-7406-5772,
sandra.higgison@OB10.com.
SOURCE Tungsten Corporation and OB10