Saudi Arabia will soon be joining many other nations in the global push to compliant e-invoicing capabilities.
According to a company statement, Tungsten Network now offers e-invoicing that complies with Saudi Arabian commercial law. This is the 45th nation that is compliant on the Tungsten network. Company executives said that their global e-invoicing network – which was built on OB10 – lets organizations streamline their processes around the world and achieve straight-through processing.
Tungsten Corporation Group CEO Edmund Truell explained in a company statement that his company’s goal was to become the world’s largest electronic trading network. Additionally, Tungsten wants to let its customers transact seamlessly with suppliers around the world.
“Achieving Saudi Arabian compliance brings us closer to that objective,” Truell said. “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.”
Just last month, General Electric announced that it had contracted with the Tungsten Network to roll out a multi-year e-invoicing program into every GE operation globally.