Breukelen, the Netherlands – June 17, 2022 at 8 AM CEST – TIE Kinetix announced today that the company has signed a five-year contract with HG International B.V., a leading European supplier specialized in cleaning and maintenance products. With TIE Kinetix’s FLOW Partner Automation platform, HG’s supply chain will be 100% digitalized.
The desire to achieve 100% document exchange digitalization with all suppliers is driven by HG’s desire to increase supply chain efficiency.
As part of the agreement, the various document flows on the procurement side will be merged into a single, comprehensive solution. The introduction of a supplier portal will enable more suppliers to exchange documents electronically with HG International—orders, order confirmations, packing slips, and more.
HG chose TIE Kinetix because of the company’s long history and expertise in document flow automation in the supply chain, and the collaboration highlights the growing demand for document exchange digitalization in general. In order for a company to be successful in digitalizing their exchange processes, it is crucial that all suppliers are capable of exchanging their documents electronically—not only a few large trading partners. TIE Kinetix’s FLOW platform has been developed to support exactly this and offers all suppliers (large, medium, and small businesses) the possibility to exchange documents electronically.
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 1 billion 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, visit www.TIEKinetix.com, and follow us on Linkedin, Twitter, Facebook, Xing, and YouTube.
For more information, please contact:
TIE Kinetix N.V.
Jan Sundelin, CEO or Michiel Wolfswinkel, CFO
De Corridor 5d
3621 ZA Breukelen