Welcome!

News Feed Item

Tungsten Corporation to Acquire AP Automation Technology Provider DocuSphere

ATLANTA, September 2, 2014 /PRNewswire/ --


The global electronic trading network to enhance e-Invoicing with workflow and connectivity services 

Tungsten Corporation plc (LSE:TUNG), the global electronic trading network, is delighted to announce that through its wholly owned subsidiary, Tungsten Network Inc, it has conditionally agreed to acquire DocuSphere, a provider of accounts payable automation services, to bring additional strength to the Tungsten offering.

Many companies require workflow and connectivity tools to support their invoice-automation initiatives, in particular when handling invoice exceptions and achieving straight-through processing. The combination of Tungsten's global supplier portal and e-Invoicing services with DocuSphere's workflow and connectivity technology will help companies streamline their accounts payable functions from receipt of e-Invoice to payment.  

The integration of DocuSphere with Tungsten Network adds certified integration tools that cover over 80% of the ERP software used by Fortune 2000 companies to Tungsten's services. It also provides Tungsten with increased control over the speed, cost, and quality of implementation with no need to rely on third parties or middleware providers.

As DocuSphere becomes part of Tungsten's global e-Invoicing network, customers will gain access to its compliant e-Invoicing services, supplier portal, dedicated supplier engagement and technical capabilities. All customers will enjoy greater flexibility and will become part of a wider community of blue-chip multinational organizations.

Commenting on the acquisition, Rick Hurwitz, CEO, Americas, at Tungsten Network, Inc, said, "The combination of Tungsten and DocuSphere demonstrates our commitment to delivering a secure, smart and fast e-Invoicing proposition. The addition of DocuSphere's talented team and technologies will allow us to take more control of the results we deliver to our customers, and enhance our already powerful e-Invoicing services."

Bradley White, Chief Executive Officer and President of DocuSphere, said, "Increased control, on-time payment and straight-through processing are key goals for any forward-thinking finance function. Customers are looking for integrated, end-to-end solutions that automate and digitize their invoice processes, and enable them to trade with confidence. By becoming part of Tungsten Network, we will provide additional value and services to our community of current and future customers, and greater opportunities for our employees."

About Tungsten Corporation plc
Tungsten Corporation (LSE: TUNG) accelerates global trade by enabling customers to streamline invoice processing, improve cash-flow management and make better buying decisions from their detailed spend data.

Buyer organizations that join Tungsten Network, built on OB10 e-Invoicing, can reduce their invoice-processing costs by 60%. Suppliers benefit from efficiencies, greater visibility of their invoice status and peace of mind. Tungsten offers supply chain financing through Tungsten Bank to suppliers and helps buying organizations profit by applying real-time spend analytics to its vast repository of line-level invoice data.

Tungsten serves 53% of the Fortune 500 and 66% of the FTSE 100 by connecting the world's largest companies and government agencies to their thousands of suppliers around the globe. It is compliant in 46 countries, and last year processed transactions worth over $187bn per year for organizations such as Alliance Data, Aviva, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, Henkel, IBM, Kellogg's, and US Federal Government.

Tungsten Corporation joined forces with OB10 in 2013 to create the world's largest electronic trading network.

About DocuSphere 

Founded in 1993 and headquartered in Perrysburg, Ohio, DocuSphere's entire focus is on the development, enhancement, maintenance, implementation, and support of its own DocuSphere solution for accounts payable automation with Oracle Validated Integration for JD Edwards and Oracle E-Business Suite and SAP certified integration. DocuSphere delivers "The DocuSphere Difference: The preeminent connected, business-driven AP automation solution - delivered by experienced people for a fixed fee."

DocuSphere has developed its DocuSphere All-in-One for Accounts Payable solution suite, which features certified integration for SAP and Oracle Validated Integration for Oracle E-Business Suite and JD Edwards. DocuSphere's invoice automation workflow solution leverages ERP data, security model, and business rules, real-time, live, without the need for one-off integration or offloading of ERP data into a separate system. DocuSphere automatically matches purchase order-based invoices against ERP PO and receiving data while managing any exceptions which may occur, manages non-purchase order invoices for coding and approval, and automatically posts transactions into the respective ERP system for payment via standard ERP system interfaces.

Contact: Sandra Higgison, Head of Global Communications, +44(0)20-7280-7973
[email protected].  


SOURCE Tungsten Corporation plc

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
SYS-CON Events announced today BZ Media LLC has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. BZ Media LLC is a high-tech media company that produces technical conferences and expositions, and publishes a magazine, newsletters and websites in the software development, SharePoint, mobile development and Commercial Drone markets.
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
Cloud computing changed data analytics for good. It enabled companies to drastically decrease resources and architecture previously assigned with business intelligence departments. It also enabled laymen to run advanced business analytics. Cloud was also the architecture of choice for storing and processing big data. Data piling is a continuous process, which is going to explode with emerging Internet of Things concept. Answer to this issue developers found in new concept called fog computing. ...
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, will explore the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences betwee...
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, will discuss the importance of WebRTC and how it enables companies to fo...
As machines are increasingly connected to the internet, it’s becoming easier to discover the numerous ways Industrial IoT (IIoT) is helping to shape the business world. This is exactly why we have decided to take a closer look at this pervasive movement and to examine the desire to connect more things! Now if you need a refresher on IIoT and how it is changing the world, take a moment and listen to Greg Gorbach with ARC Advisory Group. Gorbach believes, "IIoT will significantly change the worl...
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and ...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
IoT generates lots of temporal data. But how do you unlock its value? How do you coordinate the diverse moving parts that must come together when developing your IoT product? What are the key challenges addressed by Data as a Service? How does cloud computing underlie and connect the notions of Digital and DevOps What is the impact of the API economy? What is the business imperative for Cognitive Computing? Get all these questions and hundreds more like them answered at the 18th Cloud Expo...
SYS-CON Events announced today the Docker Meets Kubernetes – Intro into the Kubernetes World, being held June 9, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Register for 'Docker Meets Kubernetes Workshop' Here! This workshop led by Sebastian Scheele, co-founder of Loodse, introduces participants to Kubernetes (container orchestration). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, participants learn ...