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Tungsten selected by three North American companies

By BFN News | 07:45 AM | Friday 14 November, 2014


Tungsten Corporation has been selected by three North American companies to deliver invoice automation workflow and advanced data capture technology. The new customers are LegalShield, an Oklahoma-based provider of pre-paid legal services, Local Government Information Systems (LOGIS), an association of local government municipalities in Minnesota, and Agnico Eagle Mines, a major mining company headquartered in Toronto with primary operations in Quebec. Following its recent acquisition of DocuSphere, Tungsten's suite of products has expanded to include intelligent capture Optical Character Recognition (OCR) technology to more efficiently extract invoice data, and an invoice automation workflow solution. This enhanced offering will better enable customers to reduce manual processing efforts, invoice processing cycle times and associated costs while improving visibility and control of their accounts payable. "We are pleased that three new buyer organizations have selected DocuSphere's workflow and OCR tools as an entr´┐Ż©e to the Tungsten Network. Since Tungsten acquired DocuSphere in September, we have made great progress in extending our portfolio deeper into the Procure-to-Pay process," said Richard Hurwitz, Tungsten's Chief Executive in the Americas. "In addition, the DocuSphere team and tools have been well received by several major Tungsten customers in order to improve their Network integration. The combination of Tungsten and DocuSphere is proving compelling to users." Story provided by StockMarketWire.com

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