London, 06 July 2018: Global e-invoicing provider Tungsten Network has announced a contract renewal which will see it continue to partner with major high-street retail business the John Lewis Partnership.
As an ongoing service, Tungsten Network handles e-invoicing for Goods Not for Resale which includes anything from office supplies to consumables such as checkout bags in-store. The Tungsten Network provision runs alongside John Lewis Partnership’s own EDI (electronic data interchange) system which processes all high-volume Goods for Resale.
Rick Hurwitz, CEO of Tungsten Network comments: “We are delighted to be renewing our contract with John Lewis Partnership – a much-loved retail group on the high-street. At Tungsten Network we are on a mission to battle the friction that can be caused by delays in a supply chain weighed down by too much paper and clunky processes. The John Lewis Partnership has committed to digitise its operations and is actively using technology to improve efficiencies. We are thrilled to support them on this journey.”
Tungsten Corporation plc +44 (0)20 7280 7983
Richard Hurwitz, Chief Executive Officer
Daniel Brady, Global Communications Manager
George Beard +44 (0)7980 816 170
Kerry Gould +44 (0)7872 811 735
About Tungsten Corporation plc
Tungsten Corporation (LSE: TUNG) aims to be the world’s most trusted business transaction network by using data intelligently to strengthen the global supply chain.
Tungsten Network is a secure business transaction network that brings businesses and their suppliers closer together with unique technology that revolutionises invoice processing, maximises efficiency and improves cash flow. Delivering trusted connections and streamlined transactions, the network also provides users with real-time spend analysis and offers access to trade finance through Tungsten Network Finance.
Tungsten Network processes invoices for 74 percent of the FTSE 100 and 71 percent of the Fortune 500. It enables suppliers to submit tax compliant e-invoices in 48 countries, and last year processed transactions worth over £164bn for organisations such as Alliance Data, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, Mondelēz International, Henkel, IBM, Kellogg’s and the US Federal Government.