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Tungsten Network boosts leadership team

17/05/2016

New President of AP Automation to drive global expansion of e-invoicing, PO services, workflow and analytics

Tungsten Network has promoted Kevin Wilbur to the role of President, AP Automation. He will lead the expansion of digital invoicing, workflow and analytics capabilities across Tungsten’s global customer base, helping more finance and procurement departments to become automated and increasing connections on the network. His appointment will unite the entire buyer-facing offering under one leader and one vision and will support Tungsten’s aim to enhance the value of membership in the Tungsten Network.

Wilbur will move from his role as Vice President, Client Development at Tungsten, where he led a team of business development professionals focused on customers in the Americas to take up this global position, overseeing sales, account management and implementation.

He brings to the business more than 20 years’ experience of inspiring teams within fast paced, high growth, global technology and financial services companies. He has strong insight into the power of electronic invoicing and procurement analytics to transform supply chains.  Wilbur began his career at GE where he spent several years in Japan, and was responsible for global P2P at GE Capital Consumer Finance.  Prior to joining Tungsten, Kevin successfully contributed to the growth of the AP Automation and Procure to Pay businesses at 170 Systems (acquired by Kofax) and Absolute Commerce.   

Kevin Wilbur said: “Electronic invoicing is revolutionising the payment process for buyers and suppliers alike. Tungsten’s products are designed to be flexible and integrate easily with existing systems and I am passionate about communicating to buyers the benefits of fully embracing AP automation. Our network is the heart of our business and the more buyers that come on board and use it to its full potential, the more powerful it becomes.

“Tungsten has done business in 197 countries and are able to offer a tax compliant e-invoicing service in 47 countries. We can help buyers trade electronically across borders and meet the requirements of different markets. My focus will be to help global brands drive forward their digital automations.”

Richard Hurwitz, CEO of Tungsten Corporation, commented: “Our vision is to be the world's most trusted business transaction network and support buyers across the world as they move from paper to electronic invoices. We believe this eliminates inefficiencies and transforms supply chains. Kevin’s remit will be to champion Tungsten Network’s offering and enable more and more buyers to use the network to its best capacity.”

Tungsten Network is a global e-invoicing provider, increasing efficiencies in the invoicing process and delivering cost savings. In addition, it offers early payment as a form of alternative finance, helping to maintain a solid financial supply chain.

 

ENDS

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Notes to editors

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 e-invoicing platform that brings businesses and their suppliers closer together with unique technology that revolutionises invoice processing, maximises efficiency and improves cashflow management. The network also provides users with real-time spend analysis through their Analytics product, and offers access to Early Payment through Tungsten Network Finance, a form of alternative finance for businesses.

Tungsten serves 56% of the Fortune 500 and 67% of the FTSE 100.  It enables suppliers to submit tax compliant e-invoices in 47 countries, and last year processed transactions worth over $187bn for organisations such as Alliance Data, Aviva, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, Henkel, IBM, Kellogg’s and the US Federal Government.

 

 

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