3rd Feb 2014 12:38
LONDON (Alliance News) - Tungsten Corp PLC Monday said it has entered a strategic partnership with PNC Financial Services Group Inc to develop a comprehensive invoice-to-pay service.
The company, which is engaged in the provision of electronic invoicing to suppliers and buyers, said PNC has integrated Tungsten's OB10 network with PNC's invoice automation platform.
OB10 is a e-invoicing network that simplifies and streamlines the invoice-to-pay process to enable prompt payment. Suppliers can send electronic invoices to their customers, eliminating the need for paper documentation.
"Our strategic partnership with PNC will allow more organizations to improve their global trading capabilities, so bringing greater efficiency to their supply chains, and optimizing their working capital," said Tungsten Chief Executive Officer Edmund Truell in a statement.
Tungsten Corp shares were up 5.3% at Monday midday, trading at 300.00 pence per share.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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