Breukelen, the Netherlands –September 27th, 2022 at 8 AM CEST– TIE Kinetix announced today a new 5-year, $270,000 contract in the United States with Whole Earth Brands, a leading a global food company enabling healthier lifestyles and providing access to high-quality plant-based sweeteners, flavor enhancers, and other foods. With their decision to upgrade towards TIE Kinetix's FLOW Partner Automation platform, Whole Earth Brands has chosen to move 100% to the cloud and bring their supply chain solution to the next level.
The upgrade towards the FLOW Partner Automation platform enables Whole Earth Brands to optimize their supply chain processes to a 100% digital supply chain and expand their capabilities by implementing an electronic archive to store their documents digitally and securely. All business partners of Whole Earth Brands will be able to continue exchanging documents such as purchase orders, order confirmations, packing slips, and invoices – without interruption.
“We are excited to continue our partnership with TIE Kinetix to continue to digitalize our Supply Chain,” said Justin Majcher, CIO of Whole Earth Brands. “TIE Kinetix’s robust product offerings and strong team reinforce that the move to FLOW will enable Whole Earth Brands to bring on more partners and suppliers in the future.”
The continuation of the relationship that started more than 15 years ago between Whole Earth Brands and TIE Kinetix showcases the need for companies to rely on document exchange solutions that consistently enable them to send and receive documents electronically with trading partners of all sizes (large, medium, and small businesses). TIE Kinetix is ultimately migrating all SaaS customers towards TIE Kinetix’s FLOW platform, so that all customers can enjoy the benefits of the platform.
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.
For more information please contact:
TIE Kinetix N.V.
Michiel Wolfswinkel (CFO)
De Corridor 5d
3621 ZA Breukelen
T: +31-88-369-8000 (Europe) or 1-800-624-6354 (USA)
E:
Michiel.Wolfswinkel@TIEKinetix.com
W:
www.TIEKinetix.com
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 100,000 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.
Submitted by Investor Relations on Tuesday, September 27, 2022.
https://news.cision.com/tie-kinetix/r/tie-kinetix-signs-contract-with-whole-earth-brands-to-move-towards-a-100--cloud-based-supply-chain,c3636945