London—June 9, 2014—Tungsten Corporation plc now delivers compliant e-Invoicing in Saudi Arabia. Following in-depth research and technical development, Tungsten Network, the global e-Invoicing network built on OB10, enables customers to send and receive domestic and offshore electronic invoices that comply with Saudi Arabian commercial law and qualify as a legal invoice.
The addition of Saudi Arabia takes the number of compliant countries on the Tungsten Network to 45, and helps even more organizations streamline their processes around the world and achieve straight-through processing.
The first buyer customer to use this service within the region is King Abdullah University of Science and Technology (KAUST), which joined the network in 2013.
“Our goal is to become the world’s largest electronic trading network and allow our customers to transact seamlessly with suppliers around the globe,” said Edmund Truell, group CEO, Tungsten Corporation. “Achieving Saudi Arabian compliance brings us closer to that objective. I’m delighted to give our customers access to another important geography where they can reap the financial and environmental benefits of e-Invoicing. We look forward to bringing our secure, smart, fast electronic invoicing network to even more territories in the coming months.”
