17th Mar 2015 08:31
LONDON (Alliance News) - Tungsten Corp PLC Tuesday said that Honda Logistics North America has chosen the company to automate its accounts payable processes.
In a statement, the electronic invoicing company said that Honda Logistics North America will use its JD Edwards Accounts Payable product, which will be integrated with the JD Edwards accounting software already used.
"HLNA currently processes 10,000 invoices per month and expects its volume to increase by 30% over the next three years. Automating its accounts payable processes will reduce overhead costs, increase efficiency - especially given the high number of invoices HLNA receives that do not have purchase orders - and eliminate the burden of manual data entry," Rick Hurwitz, Tungsten's Americas chief executive, said in a statement.
Tungsten shares were up 0.9% at 171.50 pence on Tuesday.
By Samuel Agini; [email protected]; @samuelagini
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