Breukelen, the Netherlands – October 11, 2022 at 8 AM CEST – TIE Kinetix, a leader in 100% supply chain digitalization, announced today a new 5-year, $200,000 contract with Advasur, a provider of a comprehensive suite of Drug Supply Chain Security Act (DSCSA) services. With this upgrade towards TIE Kinetix’s FLOW Partner Automation platform, Advasur’s supply chain solution will move 100% to the cloud, enabling more secure and efficient document exchange.
This contract will further optimize Advasur’s document exchange processes with trading partners with a managed service agreement with TIE Kinetix. All business partners of Advasur will continue to be able to exchange documents such as purchase orders, invoices, packing slips, and order confirmations – without interruption.
The upgrade towards TIE Kinetix’s FLOW platform will ensure that Advasur stays compliant with their trading partners as more companies in the United States shift towards electronic document exchange in the coming years. TIE Kinetix’s FLOW platform, used to exchange and convert documents electronically, is hosted in Azure and provides both security in all exchange processes as well as compliancy across the board.
The relationship between Advasur and TIE Kinetix showcases the need for companies to rely on solutions that make electronic document exchange with trading partners of all sizes simpler, more secure, and more efficient. TIE Kinetix is ultimately migrating all SaaS customers towards the FLOW Partner Automation platform, so that all customers can enjoy the benefits the platform provides.
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 (CFO) or Michiel Wolfswinkel (CFO)
De Corridor 5d
3621 ZA Breukelen
T: +31 (0) 88 3698060 or 1-800-624-6354 (USA)