QuickView: Progress at Tungsten Network
Tungsten Network has made good progress in expanding its global network and adding buyers and suppliers, and is now looking to add its analytics service to improve its revenue and margins. Invoice discounting has progressed less quickly than anticipated and the company is taking measures to accelerate growth. At an early stage of its development, Tungsten Corporation remains loss-making and suffers cash outflows. Various options to fund growth strategies are being considered. The current CEO, Edi Truell, is moving to become vice chairman, where he will concentrate on strategic opportunities and client relationships.Tungsten Corp is a global e-invoicing network that provides supply chain financing and spend analytics. Co.'s solutions include: purchase order services, where Tungsten Network facilitates the delivery, acknowledgment, variation and conversion of purchase orders into invoices; and invoicing services, which eliminate paper from the accounts payable process through e-invoicing. Co. has three segments: Tungsten Network, which includes the e-invoicing and spend analytics business of Tungsten Network; Tungsten Network Finance, which includes the supply chain finance business; and Tungsten Corporate, which includes overheads and general corporate activities.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.