Tungsten Gets Invoice Management Deal With Royal Caribbean Cruises

LONDON (Alliance News) - Tungsten Corp PLC Monday said Royal Caribbean Cruises Ltd has chosen it to help control its invoice-to-pay processes "while reducing the time it takes to process invoices, cutting costs associated with invoice processing, and improving visibility on its spend with suppliers".

The Miami-based global cruise brand has joined Tungsten through DocuSphere, a provider of accounts payable automation services that was acquired by Tungsten last year.

"Royal Caribbean receives invoices from suppliers based all over the world, so it was important for them to work with a provider that is tax compliant in multiple countries and legal jurisdictions, and offers support in multiple languages," Rick Hurwitz, Tungsten's chief executive for the Americas, said.

Tungsten shares were up 3.3% at 209.50 pence on Monday morning.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

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