ATLANTA, February 16, 2015 /PRNewswire/ --
Global cruise brand seeks greater
control of its accounts payable processes
Royal Caribbean Cruises Ltd. has selected Tungsten Corporation
plc (LSE:TUNG), the global electronic invoicing, analytics and
invoice financing company, to help it to better control its
invoice-to-pay processes while reducing the time it takes to
process invoices, cutting costs associated with invoice processing,
and improving visibility on its spend with suppliers.
The leading Miami-based global
cruise brand has joined Tungsten through DocuSphere, a provider of
accounts payable (AP) automation services that was acquired by
Tungsten in 2014.
"Tungsten was the logical choice for Royal Caribbean, and we are
delighted to work with them now that DocuSphere is fully integrated
into Tungsten Corporation," said Rick
Hurwitz, Tungsten's CEO, Americas. "Royal Caribbean receives
invoices from suppliers based all over the world, so it was
important for them to work with a provider that is tax compliant in
multiple countries and legal jurisdictions, and offers support in
multiple languages."
Tungsten's workflow product integrates seamlessly with the JD
Edwards Accounts Payable software that Royal Caribbean currently
uses. Following its acquisition of DocuSphere, Tungsten can now
offer customers who use AP automation software from JD Edwards,
Oracle and SAP a better tailored solution to their AP needs.
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 organisations that join Tungsten Network, the world's
largest compliant electronic invoice network, 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; and helps buying organisations profit by applying real-time
spend analytics to its vast repository of line-level invoice
data.
Tungsten serves 56% of the Fortune 500 and 67% of the FTSE 100
by connecting the world's largest companies and government agencies
to their thousands of suppliers around the globe. It enables
suppliers to submit tax compliant e-Invoices in 47 countries, and
last year processed transactions worth over $187bn for organisations such as Alliance Data,
Aviva, Cargill, Deutsche Lufthansa, General Motors,
GlaxoSmithKline, Henkel, IBM, Kellogg's, and the US Federal
Government.
Tungsten Corporation acquired DocuSphere, a provider of accounts
payable automation solutions, in September
2014.
Contact: James Culverhouse,
Equus, +44-020-7223-1100, james.culverhouse@equusgroup.co.uk .