Tungsten Corporation PLC Customer Win
2021年11月4日 - 4:00PM
RNSニュース (英語)
TIDMTUNG
Tungsten Corporation PLC
04 November 2021
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4 November 2021
Tungsten Corporation plc
("Tungsten" or the "Company")
CUSTOMER WIN
Zurich Insurance selects Tungsten Network to Develop e-Invoicing
system
Tungsten Corporation plc (AIM: TUNG), a leading provider of
digital financial management products and software solutions, is
pleased to announce Tungsten Network has been chosen by Zurich
Insurance ("Zurich") to provide a total accounts receivable
services e-invoicing system. This Tungsten solution continues
momentum for a product successfully developed as part of the
company growth strategy.
After a detailed evaluation, Zurich has appointed Tungsten
Network to implement a single e-invoicing system to deliver
invoices into multiple e-invoicing and procurement platforms. Like
most insurers, Zurich currently has a semi-automated invoicing
system and wants to increase process digitisation and automation.
Another driver to engagement with Tungsten was increasing Zurich
customer demand for e-invoicing.
As a leading global trading network, Tungsten is compliant in 54
countries. That value, along with Tungsten's market leadership,
platform flexibility, and global network strength, were key factors
in the appointment.
This contract win represents Tungsten's first major global
insurance customer. Onboarding and live implementation within
several countries will begin in 2022, with larger scale rollout
planned later in the year.
Paul Cooper, CEO of Tungsten Corporation , said, " We are
delighted Zurich chose Tungsten to accelerate their digitisation
and e-invoicing adoption. Zurich will implement a solution likely
to resonate with all commercial insurers. We look forward to
helping Zurich meet key business objectives via our long-term
relationship. "
Enquiries
Tungsten Corporation plc via Tavistock
Paul Cooper, Chief Executive Officer
Ian Kelly, Chief Finance Officer
Canaccord Genuity Limited (Broker and Nominated
Adviser)
Simon Bridges/Andrew Potts +44 20 7523 8000
Tavistock Communications Financial PR & IR
Heather Armstrong/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 54 countries, and last year processed transactions
worth over GBP220 billion 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 227
people.
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END
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November 04, 2021 03:00 ET (07:00 GMT)
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