A while ago, OB10 was acquired by Tungsten. The website “Proactiveinvestors.co.uk” wrote an article on the contract wins by OB10 that are now part of Tungsten: Alliance Data, Caterpillar, Premier Farnell and DS Smith. It has also signed a reseller agreement with Buzón E and a supply chain financing agreement with a top 10 US bank for. It shows a bit the path Tungsten is taking into 2014.
First of all Alliance Data (ADS), which already is a Tungsten/OB10 e-invoicing network client, has signed up to be the first client for the Tungsten Group to use dynamic invoice discounting. Tungsten has agreed to dispatch its Express Payments financing technology to enable supply chain finance between ADS and its suppliers.
Check out here how how Alliance Data Systems has adopted an all-in approach to e-Invoicing
Second Tungsten has signed up earth moving equipment maker Caterpillar the e-Invoicing network, rolling out several services in major European countries.
Third, an yet unnamed top-10 US-based bank has agreed to integrate Tungsten Group’s e-Invoicing network services with the bank’s accounts payable platform for resale to its customers.
Fourth, in Mexico one of the first countries in the world to mandate the use of e-Invoicing, Tungsten has rolled out its services for one of the world’s largest food manufacturers and has signed its first reseller agreement in the Central American country with Buzón E, currently a partner for compliant e-Invoicing in Mexico.
Fifth, some other contract wins include agreements with UK-listed companies Premier Farnell and DS Smith.
Strengthened management team
Tungsten has also strengthened its senior management team, with the appointments of Lincoln Jopp as chief operating officer of Tungsten Corporation; David Newberry as chief marketing officer of OB10 Ltd; and Jonathan Mackay as chief risk officer designate for the bank it plans to buy.
This post was derived from this original source
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