Tungsten Corporation PLC BT to deploy e-Invoicing globally with Tungsten (5536N)
29 July 2014 - 4:01PM
UK Regulatory
TIDMTUNG TIDMBT.A
RNS Number : 5536N
Tungsten Corporation PLC
29 July 2014
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN
NOR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF
THE RELEVANT LAWS OF SUCH JURISDICTION
For Immediate Release 29 July 2014
MARKET UPDATE
BT to deploy e-Invoicing globally with Tungsten
London, 29 July - Tungsten Corporation plc (LSE:TUNG), the
electronic trading network, has secured a new contract with BT
Group, the global telecommunications company, to deliver electronic
invoicing, Purchase Order Services and Invoice Status Service to
its global operations.
BT started working with Tungsten Network, then OB10, in the UK
in 2003. The company has now selected Tungsten to extend the
benefits of e-Invoicing to all its suppliers across all
entities.
"We are delighted that one of the world's early adopters of
e-Invoicing has chosen to work with Tungsten to bring streamlined
invoice processing and prompt payment to its global supplier base,"
says Edmund Truell, Group CEO. "This significant contract continues
to reinforce our ability to help both large corporations and SMEs
trade with confidence."
About Tungsten Corporation plc
Tungsten Corporation (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 organizations that join Tungsten Network, built on OB10
e-Invoicing, can reduce their invoice-processing costs by 60%.
Suppliers benefit from efficiencies, greater visibility of their
invoice status and peace of mind. Tungsten offers supply chain
financing through Tungsten Bank to suppliers and helps buying
organizations profit by applying real-time spend analytics to its
vast repository of line-level invoice data.
Tungsten connects the world's largest companies and government
agencies to their thousands of suppliers around the globe. It is
compliant in 46 countries, and processes transactions worth over
$187 billion per year for organizations such as Alliance Data,
Aviva, Cargill, Deutsche Lufthansa, General Motors,
GlaxoSmithKline, Henkel, IBM, Kellogg's, and US Federal
Government.
Tungsten Corporation joined forces with OB10 in 2013 to create
the world's largest electronic trading network.
Enquiries:
Tungsten Corporation plc
Edmund Truell, Chief Executive Officer +44 20 3435 5680
Charles Stanley Securities
(Nominated Adviser and Joint Broker)
Marc Milmo/Dugald Carlean/Laura White +44 20 7149 6000
Canaccord Genuity Limited
(Joint Broker)
Simon Bridges/Peter Stewart/Cameron Duncan +44 20 7523 8000
Equus Group (Communications)
Piers Hooper / Sam Barton +44 20 7223 1100
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRLFFVIDSITFIS
Tungsten (LSE:TUNG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Tungsten (LSE:TUNG)
Historical Stock Chart
From Jul 2023 to Jul 2024