LONDON, August 13, 2014 /PRNewswire/ --
The global e-Invoicing network continues to adhere to ISAE
3402 and ISO 27001 frameworks
Tungsten Network, the global trading network built on OB10
e-Invoicing, has received internationally recognised endorsement
for its best-in-class security credentials and operational
controls.
Independent auditors recently completed a thorough assessment of
Tungsten Network's internal controls and concluded that they adhere
to the ISAE 3402 framework, a global assurance standard that
verifies whether a service organisation has appropriate and robust
operational controls in place.
External auditors have also successfully completed an ISO 27001
surveillance audit to assess the management and control of
information security.
"Our customers trust us with critical information, and it's
imperative that we repay that trust, safeguard their data and
deliver the high level of service they have come to expect," says
Fuad Abdi, Head of Governance and
Business Improvement at Tungsten Network. "These third-party audits
and independent verifications help our customers to trade with
confidence. They confirm that our network meets the highest
security standards and verify that our internal controls are
well-designed and effective."
"The renewal of these internationally recognised security and
reporting frameworks sends a clear message to our clients," says
Lincoln Jopp, Tungsten Group COO.
"Tungsten Network continues to provide world-leading security to
the world's leading organisations."
About Tungsten Corporation plc
Tungsten Corporation (LSE: TUNG) accelerates global trade by
enabling customers to streamline invoice processing, improve
cash-flow management and make better buying decisions from their
detailed spend data.
Buyer organisations that join Tungsten Network, built on OB10
e-Invoicing, can reduce their invoice-processing costs by 60%.
Suppliers benefit from efficiencies, greater visibility of their
invoice status and peace of mind. Tungsten offers supply chain
financing through Tungsten Bank to suppliers and helps buying
organisations profit by applying real-time spend analytics to its
vast repository of line-level invoice data.
Tungsten Network serves 55% of the Fortune 500 and 67% of the
FTSE 100 by connecting the world's largest companies and government
agencies to their thousands of suppliers around the globe. It is
compliant in 46 countries, and processes transactions worth over
$187bn per year for organisations
such as Alliance Data, Aviva, Cargill, Deutsche Lufthansa, General
Motors, GlaxoSmithKline, Henkel, IBM, Kellogg's, and US Federal
Government.
Tungsten Corporation joined forces with OB10 in 2013 to create
the world's largest electronic trading network.
Contact: Sandra Higgison, Head of
Global Communications, +44-20-7280-7973,
sandra.higgison@tungsten-network.com.