April 1, 2021 - Breukelen, the Netherlands at 8 AM CEST
Approximately 15,000 suppliers will be connected to the FLOW platform
Following contracts with the municipalities of Amsterdam and Rotterdam, as well as other large public authorities within and outside of the Netherlands, TIE Kinetix announced that today they have entered a five-year contract with a prominent Dutch public authority to support EDI and e-invoicing initiatives with approximately 15,000 suppliers. The initial, guaranteed contract size is valued at € 410,000 with the possibility of five 12-month extensions.
Starting today, TIE Kinetix will begin onboarding the public authority’s suppliers to a custom supplier portal within their FLOW Partner Automation platform. The supplier portal within FLOW will replace the public authority’s existing e-invoicing solution and will facilitate more than 1 million exchanges annually.
TIE Kinetix has a long history of proven success with Dutch public authorities, as the FLOW platform is highly flexible and can meet varying organizational needs regardless of project size. This contract is a major win for TIE Kinetix, as it further positions the company as a leader in business-to-government (B2G) EDI and e-invoicing, which is a primary focus for this year.
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. 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 EU grant regime, 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 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.
Jan Sundelin, CEO or Michiel Wolfswinkel, CFO
De Corridor 5d
3621 ZA Breukelen
T: +31 (0) 88 3698060
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