Tungsten Corporation PLC Tungsten's security credentials renewed
August 13 2014 - 4:30AM
RNS Non-Regulatory
TIDMTUNG
Tungsten Corporation PLC
13 August 2014
TUNGSTEN CORPORATION PLC
("Tungsten")
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN
NOR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF
THE RELEVANT LAWS OF SUCH JURISDICTION
For Immediate Release 13 August 2014
MARKET UPDATE
Independent auditors renew Tungsten Network's security
credentials and operational controls
The global e-Invoicing network continues to adhere to ISAE 3402
and ISO 27001 frameworks
London, 13 August - 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."
LONDON, 13 August 2014
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 connects 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.
Enquiries:
Tungsten Corporation plc
Edmund Truell, Chief Executive Officer +44 20 3435 5680
Sandra Higgison, Head of Global Communications +44 20 7280 7973
Equus Group (Communications)
Piers Hooper / Sam Barton +44 20 7223 1100
This information is provided by RNS
The company news service from the London Stock Exchange
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