07:00 Tue 13 Apr 2021
Tungsten Corp PLC - Customer Win
Tungsten Corporation plc
("Tungsten" or the "Company")
Global technology services leader selects Tungsten Network for digital transformation
Tungsten Corporation PLC (AIM:TUNG), a leading provider of digital financial management products and software solutions, is pleased to announce that NTT Ltd., a leading global technology services company, has selected Tungsten, the leader in invoice digitisation, to support its goal of 90% invoice digitisation.
NTT will be the first Tungsten customer to implement Total AR, Total AP, and the Tungsten Workflow together. The combined solutions will solve de-centralised and paper-based financial challenges and speed consolidation of 15 in-country based finance operations teams into one Global Shared Service Centre. Anticipated benefits include information acceleration, resource efficiencies, streamlined processes, resulting in productivity gains.
As with all customers, Tungsten will provide NTT with ongoing and global compliance for 15 countries, including
Andrew Lemonofides, CEO of Tungsten Network, says, "We couldn't be any prouder to have a leader in innovation like NTT be the first to implement our solutions for AP, AR, and Workflow together. We're happy our supplier network and proven supplier onboarding success is a key value for NTT Ltd. Our customers' success is our success, and we welcome the opportunity to partner with NTT along its path to 'touchless' global processing."
Enquiries
Tungsten Corporation plc Andrew Lemonofides, Chief Executive Officer
|
+44 20 7280 6980
|
Canaccord Genuity Limited (Broker and Nominated Adviser)
|
+44 20 7523 8000
|
Tavistock Communications Financial PR & IR |
+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
Founded in 2000 and headquartered in
About NTT Ltd:
NTT Ltd. is a leading global technology services company. We partner with organisations around the world to shape and achieve outcomes through intelligent technology solutions. For us, intelligent means data driven, connected, digital and secure. As a global ICT provider, we employ more than 40,000 people in a diverse and dynamic workplace that spans 57 countries, trading in 73 countries and delivering services in over 200 countries and regions. Together we enable the connected future. Visit us at hello.global.ntt
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of...
FOR OUR FULL DISCLAIMER CLICK HERE