- 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
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.
Tungsten Network (Formerly known as OB10) has been contracted by General Electrics to rollout a multi-year electronic invoicing and adoption programme into every GE location on the world. The potential invoice volumes to be processed can grow to as much as a whopping 16 million per year. GE also decided to use Tungsten’s Invoice Status Service: to give suppliers visibility of the status of their invoices.
OB10 and DocuSphere have formed a partnership and inked their first joint customer. A major European organization is leveraging the integrated accounts payable automation technology that features OB10 e-Invoicing with the DocuSphere All-in-One solution.
The new customer will use the combined service to automate its global accounts payable processing, eliminate paper and support its environmental initiatives.
Every now and then OB10 Tungsten provides us with an update on their transition from an e-invoicing service provider to a supply chain finance provider. As as a supply chain finance provider the e-invoice is just a means (though a very important one) to provide the valuable services in the near future.
Brazil is a leader in e-Invoicing with a government mandate and market accustomed to automated invoice technology. In addition to complying with the complexity of tax and e-Invoicing regulations, companies are looking to streamline their invoice processing.
The strategic alliance with Comprova enables OB10 to meet the demands of its customers, and deliver compliant e-Invoicing and straight-through processing to businesses operating in Brazil.
Some of the achievements sofar are listed in this article. Like its compliance in 44 countries. But also: Their focus on a purely digital approach means that Tungsten shall be shutting down the legacy interoperability arrangements that benefit its competitors more than they benefit Tungsten’s customers and which could introduce non-compliant invoices into the Tungsten network. Hmmmm, interesting.