Breukelen, the Netherlands – February 2, 2023 at 8 AM CET – TIE Kinetix, a leader in 100% supply chain digitalization, announced today that Koninklijke Vezet BV, a leader in food production throughout the Netherlands, is expanding their existing contract to a new 5-year contract valued at € 439,912.
Vezet’s decision to continue to use TIE Kinetix’s cloud-based FLOW Partner Automation solution to digitalize their document exchange means that their transaction process will remain secure and efficient. This expansion to their contract confirms that Vezet is taking significant steps towards 100% digitalization.
The partnership between Vezet and TIE Kinetix began in 2020, when Vezet needed a secure and simple e-invoicing solution for processing both local and international documents. Vezet originally chose TIE Kinetix as their service provider to take advantage of the benefits of TIE Kinetix’s next-generation EDI offering.
Now, as Vezet’s data volume and need has increased, Vezet is continuing and expanding their relationship with TIE Kinetix, which shows the need for large companies to rely on secure document exchange solutions that enable them to send and receive documents electronically with trading partners of any size (large, medium, and small companies). Vezet, like other companies, must have access to a solution that allows them to continue exchanging documents with their many suppliers, without interrupting their day-to-day supply chain processes.
Additionally, by choosing TIE Kinetix as their digitalization service provider and eliminating paper from their supply chain workflows, Vezet will save 300 trees and 6,000 ink cartridges, while also reducing energy use by 70-90% through the cloud and CO2 emissions by 17 tons. This partnership will enable Vezet to increase growth due to their digitalization efforts as the business relationship continues.
This document may contain expectations about the financial state of affairs and results of the activities of TIE Kinetix as well as certain related plans and objectives, and may be expressed in a variety of ways, such as ‘expects’, ‘projects’, ‘anticipates’, ‘intends’ or similar words. TIE Kinetix has based these forward-looking statements on its current expectations and projections about future events. Such expectations for the future are naturally associated with risks and uncertainties because they relate to future events, and as such depend on certain circumstances that may not arise in future. Various factors may cause real results and developments to deviate considerably from explicitly or implicitly made statements about future expectations. Such factors may for instance be changes in expenditure by companies in important markets, in statutory changes and changes in financial markets, in the salary levels of employees, in future borrowing costs, in future take-overs or divestitures and the pace of technological developments. TIE Kinetix therefore cannot guarantee that the expectations will be realized. TIE Kinetix also refuses to accept any obligation to update statements made in this document.
About TIE Kinetix
At TIE Kinetix, we help companies of all sizes achieve their digitalization goals. From 1% to 100% or anywhere in between, our cloud-native FLOW Partner Automation platform is designed to completely eliminate paper from the supply chain, enabling our customers to focus on three corporate initiatives that drive true organizational change: business process efficiency, compliance, and corporate social responsibility (CSR).
We believe that digitalization (not digitization) is the future. We believe in conscious development, and we believe in moving ourselves and our customers forward. More than 2,500 companies have chosen TIE Kinetix to support their EDI, e-invoicing, and general digitalization projects, and we proudly facilitate the exchange of over 81 million documents through FLOW each year—the equivalent of 10,000 trees saved.
Founded in 1987, TIE Kinetix is a public company (Euronext: TIE) with offices in the Netherlands (HQ), France, Germany, Australia, and the United States. For more information, please visit www.TIEKinetix.com, and follow us on Linkedin, Twitter, Facebook, and YouTube.
Contact us for more information:
TIE Kinetix N.V.
Jan Sundelin (CEO) or Michiel Wolfswinkel (CFO)
De Corridor 5d
3621 ZA Breukelen
T: +31 (0) 88 3698060