Tuesday 13th April, 2021
Tungsten Corporation PLC has announced that NTT Ltd a leading global technology services company has selected Tungsten to support its goal of 90% invoice digitisation.
NTT will be the first Tungsten customer to implement Total AR, Total AP, and the Tungsten Workflow together. The combined solutions will help solve de-centralised and paper-based financial challenges and speed consolidation of 15 in-country based finance operations teams into one Global Shared Service Centre.
Tungsten will provide NTT with ongoing and global compliance for 15 countries, including Germany, a key NTT market impacted by recent regulatory changes concerning electronic invoicing.
Scott Carolan, SVP, Business Operations for NTT Ltd. In Europe, says, “Like many businesses, we are looking at how digital transformation can improve the way we operate to better serve our clients. Finding the right partner to enable this is critical. Working with Tungsten Network is a great step forward to enable our clients to receive and view invoices directly in our systems, receiving an instant confirmation when our invoices have been posted.”
Andrew Lemonofides, CEO of Tungsten Network, says, “We couldn’t be any prouder to have a leader in innovation like NTT be the first to implement our solutions for AP, AR, and Workflow together. We’re happy our supplier network and proven supplier onboarding success is a key value for NTT Ltd. Our customers’ success is our success, and we welcome the opportunity to partner with NTT along its path to ‘touchless’ global processing.”