Tungsten Corporation PLC Morgan Advanced Materials chooses Tungsten
30 March 2015 - 5:02PM
RNS Non-Regulatory
TIDMTUNG
Tungsten Corporation PLC
30 March 2015
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
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 30 March 2015
Market update
Morgan Advanced Materials chooses Tungsten to deliver AP
efficiencies
Atlanta, 30 March, 2015 - Morgan Advanced Materials, a world
leader in advanced materials technology that operates in more than
50 countries, has signed with Tungsten Corporation plc (LSE:TUNG),
the global electronic invoicing, analytics and invoice financing
company, to bring greater efficiencies to its accounts payable (AP)
processes.
Morgan Advanced Materials is implementing a JD Edwards
enterprise resource planning (ERP) system and is seeking to
concurrently implement an AP automation solution to streamline its
invoice process. Its ERP implementation partner strongly encouraged
the client to evaluate Tungsten's solution based on its strength in
the market. Tungsten's All-in-One For JD Edwards AP product
integrates with JD Edwards software and enables the processing of
all invoices.
Rick Hurwitz, Tungsten Chief Executive Officer (Americas), said:
"I'm delighted that Morgan Advanced Materials, a FTSE 250 company,
has chosen to work with Tungsten to streamline its payables
process. Tungsten acquired Docusphere last summer in order to
extend our portfolio of P2P technologies to better help our clients
operate more efficiently and effectively. We look forward to
achieving just that with the team at Morgan Advanced
Materials."
Enquiries:
Tungsten Corporation plc
Edmund Truell, Chief Executive Officer +44 20 7280 7901
Juliana Wheeler, Head of Global Communications +44 20 7280 7973
Charles Stanley Securities
(Nominated Adviser and Joint Broker)
Marc Milmo/Dugald Carlean +44 20 7149 6000
Canaccord Genuity Limited
(Joint Broker)
Simon Bridges/Peter Stewart/Cameron Duncan +44 20 7523 8000
Neustria Partners (Investors and Analysts)
Robert Bailhache/Nick Henderson/Charles Gorman +44 20 3021 2580
Equus Group (Media)
Piers Hooper/Sam Barton/James Culverhouse +44 20 7223 1100
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.
* Tungsten Bank is authorised by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and the
Prudential Regulation Authority. Tungsten Bank is registered on the
financial services register with firm reference number 139209.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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