Tungsten Corporation PLC New Customer Win
11 December 2020 - 6:00PM
RNS Non-Regulatory
TIDMTUNG
Tungsten Corporation PLC
11 December 2020
11 December 2020 - Reach
Tungsten Corporation plc
("Tungsten" or the "Company")
NEW CUSTOMER WIN
For more than 25 years, MSX International ('MSX') has helped
automotive manufacturing customers enhance operational efficiency
and customer satisfaction. Five thousand MSX team members in more
than 60 global offices serve customers by combining deep industry
expertise with cutting-edge technology solutions to drive digital
innovation and business value.
Speed to digitisation is business critical for MSX. With the
Tungsten AP solution, MSX will be able to integrate existing
workflow into the journey from initial invoice receipt through to
payment submission. Tungsten will help accelerate onboarding for
over 2,000 MSX suppliers, offering exception management and
complete invoice data visibility throughout the process.
"We are delighted to welcome MSX into our expanding Tungsten
Network" said Andrew Lemonofides, CEO of Tungsten Network. "With
the Tungsten AP Solution and our proven approach to rapid supplier
onboarding, we look forward to helping MSX reaching its 90%
digitisation goal, driving efficiency and reducing cost along the
way. It's an exciting time of growth for both our companies and we
look forward to building a successful partnership with MSX."
Enquiries
Tungsten Corporation plc
Andrew Lemonofides, Chief Executive Officer +44 20 7280 6980
Canaccord Genuity Limited (Broker and Nominated
Adviser)
Simon Bridges/Andrew Potts +44 20 7523 8000
Tavistock Communications Financial PR & IR
Heather Armstrong
Jos Simson
Katie Hopkins +44 20 7920 3150
About Tungsten Corporation plc
Tungsten Corporation (AIM: TUNG) is the world's largest,
compliant business transaction network. A leading global electronic
invoicing and purchase order transactions network; Tungsten's
mission is centred on enabling a touchless invoice process allowing
businesses around the globe to gain maximum value from their
invoice process.
Tungsten processes invoices for 74% of the FTSE 100 and 71% of
the Fortune 500. It enables suppliers to submit tax compliant
e-invoices in 50 countries, and last year processed transactions
worth over GBP195bn for organisations such as Caesars
Entertainment, Computacenter, GlaxoSmithKline, Kraft Foods, Mohawk
Industries, Mondelēz International, Procter & Gamble, Shaw
Industries, Unilever and the US Federal Government.
Founded in 2000 and headquartered in London, Tungsten has
offices in the US, Bulgaria and Malaysia, employing over 300
people.
Forward looking statements
This document contains forward-looking statements that may or
may not prove accurate. For example, statements regarding expected
revenue growth and trading margins, market trends and our product
pipeline are forward-looking statements. Phrases such as "aim",
"plan", "intend", "anticipate", "well-placed", "believe",
"estimate", "expect", "target", "consider" and similar expressions
are generally intended to identify forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other important factors that could cause actual
results to differ materially from what is expressed or implied by
the statements. Any forward-looking statement is based on
information available to Tungsten as of the date of this statement.
All written or oral forward-looking statements attributable to
Tungsten are qualified by this caution. Tungsten does not undertake
any obligation to update or revise any forward-looking statement to
reflect any change in circumstances or in Tungsten's
expectations.
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END
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