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E-invoicing, SCF & E-procurement

Tungsten Network and BNP Paribas team up for e-invoincing services

Wednesday 6 December 2017 | 01:38 PM CET

Tungsten Network teams up with BNP Paribas to offer e-invoicing linked receivables purchase and e-invoicing linked SCF to large corporates in the US and Canada.

According to the companies, the corporates will now be able to receive an alternative working capital solution through the same technology provider they use for e-invoicing and accounts receivable activities.

According to Tungsten Network, it processes invoices for 70% of the FTSE 100 and 72% of the Fortune 500. It enables suppliers to submit tax compliant e-invoices in 48 countries.

In the same month, Janus Henderson Investors chose BNP Paribas Securities Services to assume responsibility for most of its back office; fund administration and fund accounting, middle office and custody functions in the US.
While in October, BNP Paribas ALM Treasury and EY completed a pilot demonstrating the use of blockchain to improve global internal treasury operations for the bank.

More: Link
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