TIE Kinetix Contracts with Plus Retail for 100% Digitalization of the Supply Chain
TIE Kinetix, a leader in 100% supply chain digitalization, announced today a 4-year, € 338,000 food retail EDI contract with Plus Retail B.V., a leading supermarket chain in the Netherlands. With this upgrade of TIE Kinetix's FLOW Partner Automation platform, Plus Retail’s supply chain solution will facilitate their growth as they take advantage of TIE Kinetix’s next-generation EDI offering.
The contract will enable Plus Retail to take the next step in the 100% digitalization of their supply chain with TIE Kinetix, further optimizing their food retail document exchange processes. All business partners and suppliers of Plus Retail will continue to be able to exchange documents such as purchase orders, order confirmations, packing slips, and invoices – without interruption. Additionally, by choosing TIE Kinetix as their digitalization service provider, Plus Retail has shown a prioritization of the environment and elimination of paper within their supply chain workflows. This proves a commitment to core sustainability values that are essential for large companies today.
It is essential that TIE Kinetix customers within the retail industry are provided with the most efficient and secure solution for electronic document exchange. Plus Retail’s decision to choose TIE Kinetix as their service provider for electronic document exchange proves the need for companies to rely on secure solutions that enable them to send and receive documents electronically with trading partners of any size.
Plus Retail is focusing on growth in the coming years, and the company expects to double its number of supermarkets by the end of 2024. Therefore, it is essential for this expanding company to be able to accommodate a significant increase in document traffic per month.
TIE Kinetix is proud to offer a complete digitalization solution, and through constant market research, they are constantly optimizing their solution so that customers like Plus Retail can mitigate human error, digitalize their supply chains, and securely send and receive business documents without obstacles. This upgrade will ensure that Plus Retail has access to the most up-to-date technology within the industry, as well as access to a team of industry experts to assist them along the way.
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 Friday, December 23, 2022.
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