- Software integration
- Supplier on-boarding
- Customer On-boarding
- E-invoicing (B2B)
- Software integration
- Digital signatures
- Supply chain finance
- Latin America
- North America
- ISO/NEN Audit
- Offshore Implementation Manager – OB10 – Malaysia
- Inside Sales / Business Development Specialist
- Marketing Communications Assistant – OB10/Tungsten – London, UK
Independent auditors recently completed a thorough assessment of Tungsten Network’s internal controls and concluded that they adhere to the ISAE 3402 framework. External auditors have also successfully completed an ISO 27001 surveillance audit.
On the Tungsten Blog, Charles Bryant posted an interesting article about the way e-invoicing is excuted in Mexico. As the title suggests, Charles Bryant carefully explores whether Europe should follow this approach.
All in all it is intriguing to ask whether the current path of EU liberalised e-invoicing (without B2B mandates) should perhaps be flipped for a path where mandated e-invoicing and fiscal efficiency go hand in hand.
Bull’s eye! Tungsten has –under conditions- bought DocuSphere. As you all probably know, DocuSpheres a provider of accounts payable automation services. Tungsten’s global supplier portal and e-Invoicing services combined with DocuSphere’s workflow and connectivity technology should help companies streamline their accounts payable functions from receipt of e-Invoice to payment even better!
Kerry Group is a leader in the food ingredients industry and has already been processing invoices electronically for 8 years (since 2006) in the UK and Ireland with Tungsten Network. As you all know, the Tungsten Network is the global trading network built on OB10 e-Invoicing.
Tungsten has won a new contract with BT Group PLC under which it will provide electronic invoicing, purchase order services, and an invoice status service to BT’s global operations.
Tungsten and BT first signed an agreement to partner in 2003, when Tungsten was called OB10. The new contract extends the contract for Tungsten to provide electronic invoicing to BT’s entire global business.
Having completed a thorough review of Emirati commercial law, Tungsten Network now allows customers to send and receive electronic invoices that qualify as a legal invoice in the UAE.
So why are the United Arab Emirates so important to Tungsten, you might ask. Well, that is because the UAE is one of the Middle East’s largest economies, one of the world’s most important business hubs and appointed by Tungsten clients as a key market.
Caterpillar is one of the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.
Caterpillar is already a customer of Tungsten (as you know by now: the global e-Invoicing network built on OB10). It has now extended its contract to let Tungsten provide an e-Invoicing programme to its suppliers across the UK and Poland.
Countries all over the world start implementing e-invoicing. And with it, they mostly develop fiscal e-invoicing schemes that differ from state tot state. That is why it is important to have a service provider that provides compliance in the states where your customers/suppliers are situated.
Recently Tungsten added Saudi Arabia to its already impressive list of countries where they help organisations to streamline their processes and to achieve compliant straight-through processing.
Managed by the Crown Commercial Service, the G-Cloud 5 Framework is a pan government collaborative framework agreement. It is used by UK public-sector bodies, such as (1) central government departments and their arm’s length bodies and agencies, (2) non-departmental public bodies,(3) NHS bodies and (4) local authorities.
For Tungsten Network this accreditation is as a major step in strengthening its relations with the public sector and its operations for two reasons.
The Board of Tungsten has received approval from the UK’s Prudential Regulation Authority (PRA) for the formal change of control in the recently acquired FIBI. The fully UK authorised Bank will be re-named tot the Tungsten Bank and will soon start offering supply chain finance: a major opportunity for UK SME’s as well as entire supply chains.
And there is more good news: Tungsten has today begun providing invoice discounting services to selected US customers.