January 25 - 2021 - Breukelen, the Netherlands 

TIE Kinetix announced today that they have entered a six-year contract with Dutch Employee Insurance Agency (UWV) to support the implementation and execution of an educational subsidy program with their cloud-based electronic invoicing platform, FLOW Partner Automation. The initial agreement enables over 600 educational suppliers to be onboarded to the platform before the end of this year.

The UWV contract is a major win for TIE Kinetix, as it demonstrates a strong entrance into 2021 and is likewise in line with the company’s hub-and-spoke-based business model. With convenient services to onboard suppliers of all sizes and a history of success, TIE Kinetix is fully capable of supporting UWV’s requirements and guarantees a simplified onboarding experience for all suppliers regardless of size.

"We're looking forward to beginning our relationship with UWV,” says Arjan Sloot, Country Manager, Benelux at TIE Kinetix. “By eliminating all of the challenges and stress of supplier onboarding, UWV is relieved and can fully focus on building the subsidy program with the guarantee that all orders and invoices will be exchanged and processed electronically.”

The subsidy program, formally known as the Learning and Development Budget Subsidy Scheme for the Stimulation of the Labor Market Position (STAP), is set to launch in January 2022. It will enable job-seeking Dutch citizens to apply for subsidies to attend training courses at participating institutions. TIE Kinetix’s FLOW platform will ensure a seamless electronic ordering and invoicing experience for all parties involved.

The contract is valued at approximately €500,000 over six years, with the possibility of two 12-month extensions.

About TIE Kinetix
At TIE Kinetix, we deliver Software as a Service (SaaS) solutions to companies, governmental institutions, and their suppliers, to help them exchange all business documents electronically and simplify supply chain processes as a result. FLOW Partner Automation, our software platform, empowers its users to engage in smart business exchanges and streamline communication through seamless integration with any existing system. Since 1987, we have supported all EDI and e-invoicing standards and communication methods worldwide. Today, our global team of experts share their knowledge with our 2,500+ customers, facilitating the exchange of over 1 billion documents through FLOW each year.

TIE Kinetix is a public company (Euronext: TIE), and has offices in the Netherlands, France, Germany, Australia, and the United States. For more information, visit www.TIEKinetix.com, and follow us on Linkedin, Twitter, Facebook, Xing, and YouTube.

For more information please contact:

TIE Kinetix N.V.
Patrick van Boom
De Corridor 5d
3621 ZA Breukelen
T: +31-88-369-8000
E: info@TIEKinetix.com
W: www.TIEKinetix.com