Tag Archives: DocuSphere

Tungsten Network Acquires DocuSphere

A leading global eInvoicing service provider, Tungsten Network, has recently announced the completed tungacquisition of one of PayStream’s own partners, DocuSphere. This dynamic move will significantly expand Tungsten’s invoice-automation technologies, and it has the potential to propel the company forward within the financial software market. With this acquisition, Tungsten users will now have more streamlined accounts payable functions, consistent adherence to tax and regulatory compliance, and greater transparency into the entire invoice-to-pay process.

Docusphere_Logo_2014_Tungsten-e1412273194513Founded in 1993, DocuSphere provides a robust set of AP solutions that have a wide range of integration abilities, including with SAP, JD Edwards, and Oracle E-Business Suite. The DocuSphere All-in-One for Accounts Payable solution suite leverages ERP data, security model, and business rules in real-time without the need for one-off integration or offloading of ERP data into a separate system. According to Rick Hurwitz, CEO of Tungsten, Americas, the combination of DocuSphere’s complementary skills and technology will strengthen the Tungsten Network.

“As a result of this acquisition,” said Mr. Hurwitz, “DocuSphere customers will gain access to Tungsten’s eInvoicing network, Tungsten’s existing clients will benefit from an even more secure, smart and fast e-Invoicing solution, and all customers will enjoy greater flexibility while joining a wider community of blue-chip multinational organizations.”

Combining Tungsten’s global supplier portal and eInvoicing services with DocuSphere’s workflow and connectivity solutions will also bring reductions in invoice exceptions and increase straight-through processing for users. Apparently, the acquisition has also been a straight-through process so far. Bradley White, President of DocuSphere, has said the integration of products and people is moving smoothly, partly thanks to the experience they gained working together on a previous joint account.

PayStream hopes that things continue to move smoothly for Tungsten Corporation’s newest company. For more information on DocuSphere’s advanced AP solutions and how they will be enhanced by Tungsten’s offerings, look out for their solution profile featured in the upcoming Q4 report, P2P Automation Solutions for SAP.

OB10 and DocuSphere Announce First Major Customer

OB10, a global leader in eInvoicing and DocuSphere, an industry leader in AP automation NEWDocusphere-Logowith-stam41solutions recently formed a partnership and signed their first major joint customer. A major European organization is leveraging the integrated accounts payable automation technology that features OB10 e-Invoicing with the DocuSphere All-in-One solution.

OB10-230x200The new customer will use the combined service to automate its global accounts payable processing, eliminate paper and support its environmental initiatives. It selected the OB10- DocuSphere partnership due to its tight ERP integration and the quality of the joint solution. Together, the companies enable customers to streamline their accounts payable functions, end- to-end, from receipt of e-Invoice to payment.

“DocuSphere and OB10 both focus on bringing world-class automation solutions to accounts payable organizations,” says Ruud van Hilten, Senior Vice President of Sales at OB10. “By combining our capabilities and experience we strengthen the benefits companies gain from electronic invoicing. We’re delighted to secure our first customer and look forward to working with DocuSphere to extend our global partnership to new organizations.”

To read the full press release, click here.