Wednesday 3rd September, 2014

Tungsten Corp has announced that through its wholly owned subsidiary, Tungsten Network Inc, it has conditionally agreed to acquire DocuSphere, a provider of accounts payable automation services.

At the end of last year, Tungsten Network aquired the e-Invoicing network, OB10, and the company reports that the integration of DocuSphere with Tungsten Network adds certified integration tools that cover over 80% of the ERP software used by Fortune 2000 companies to Tungsten’s services. It also provides Tungsten with increased control over the speed, cost, and quality of implementation with no need to rely on third parties or middleware providers. 

As DocuSphere becomes part of Tungsten’s global e-Invoicing network, the company says that customers will gain access to its compliant e-Invoicing services, supplier portal, dedicated supplier engagement and technical capabilities.

​Commenting on the acquisition, Rick Hurwitz, CEO, Americas, at Tungsten Network, Inc, said, “The combination of Tungsten and DocuSphere demonstrates our commitment to delivering a secure, smart and fast e-Invoicing proposition. The addition of DocuSphere’s talented team and technologies will allow us to take more control of the results we deliver to our customers, and enhance our already powerful e-Invoicing services.” 

Bradley White, Chief Executive Officer and President of DocuSphere, said, “Increased control, on-time payment and straight-through processing are key goals for any forward-thinking finance function. Customers are looking for integrated, end-to-end solutions that automate and digitize their invoice processes, and enable them to trade with confidence. By becoming part of Tungsten Network, we will provide additional value and services to our community of current and future customers, and greater opportunities for our employees.”