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Tungsten Network bolsters financing offer 28/11/2016 Lower rates of interest and increased flexibility enables businesses to take more control of their cash flow Http://www.tungsten-network.com/press-releases/tungsten-network-bolsters-financing-offer/?id=20315
chem, three more mouths to feed. Looks like they are budgeting for a massive uptake! Thanks for posting that.
Hmmm. I just asked myself, is there anything to be excited about here? I think so but it's hard work to get there. The flexible service they were offering is now more flexible??? Why haven't that said what changes they have actually made? Surely a missed opportunity here. If you're of a pessimistic mindset then it reads like they've changed very little barring a reduction in the price. Personally, I can't believe someone as experienced as Prabhat has come in and then, after months of review has simply said lower the price. They need to take a look at the person doing their comms. This is a weak update. But, with my positive hat on they are clearly not just focusing on invoicing and are making changes. If they can get real traction then maybe, just maybe.... @BS76 Tungsten confirmed, via a very nice support person there was a problem on the corporate website and then notified me when it was resolved. I'Lloyd cancel that Internet upgrade!
@BPSF Rest assured they will be using their digital command centre to fully engage the suppliers and illustrate what changes they have made. I take today’s announcement was more of a press release. At capital markets TUNG told us some of the changes they are proposing. I made a summary here (see Iain Hunter): https://tungsteninvestors.wordpress.com/2016/02/17/tungsten-capital-markets-day/ You can see some of Prabhats thoughts from earlier this year on segmenting small suppliers and larger suppliers with different products for each here: https://spendmatters.com/tfmatters/where-tungsten-finance-goes-next-an-interview-with-prabhat-vera/ At the agm we learned that the financing products he is introducing will involve other funding providers but they will announce more once negotiations have concluded. Prabhat has been busy assembling his team, renegotiating the insight deal, negotiating with other funding partners, liaising with the IT developers to build and implement his own financing products at the portal and removing other bottlenecks and hurdles limiting adoption and working with Connie on supplier engagement tactics. It’s fair to say he’s been busy and today with the announcement made – Prabhats work has finally launched. I’m very excited and looking forward to hearing more in December and April. 2017 is looking very promising indeed.
Agreed Chem. Funding the supply chain surprised me. Another cherry go pick. Tung is very much on the right track. There are very few get rich quick schemes in life. Get rich slowly, but get very, very rich.
Digital command centre......hahahahahahaha that has made me chuckle.