TIE Kinetix Signs Contract with CooperSurgical for a 100% Cloud-Based Supply Chain

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The contract showcases the success of TIE Kinetix’s focus on partner strategy 

TIE Kinetix, a leader in 100% supply chain digitalization, announced today a new 3-year, $300,000 contract with CooperSurgical, a leading woman’s healthcare and fertility company providing healthcare workers a comprehensive range of medical solutions to deliver rapid results, effective treatments, and more options to their patients. By upgrading to TIE Kinetix’s FLOW Partner Automation platform, CooperSurgical’s supply chain solution will move 100% to the cloud, enabling more secure and efficient document exchange.  

This contract will further optimize CooperSurgical’s document exchange process and enable the company to achieve a fully digital supply chain. The upgrade towards TIE Kinetix’s FLOW platform - fully integrated with their Microsoft Dynamics 365 environment - is done in close collaboration with TIE Kinetix’s partners Avenade and To-Increase. The added value and expertise that TIE Kinetix can deliver to its (potential) customers is that they have a full understanding of its customers’ business environment by working with Microsoft Dynamics 365 experts. The company can help companies make these major business transitions – from start to finish - a swift process now.    

The move to TIE Kinetix’s FLOW will ensure that CooperSurgical stays compliant with their trading partners and continues to be able to conduct document exchange in a fully electronic and cost-effective manner. The 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 CooperSurgical and TIE Kinetix began over nine years ago and will continue to be profitable, showcasing 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 will ultimately be 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. 

For more information please contact:

TIE Kinetix N.V.
Patrick van Boom
De Corridor 5d
3621 ZA Breukelen

T: +31-88-369-8000 (Europe) or 1-800-624-6354 (USA)
E: info@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 LinkedinTwitterFacebookXing, and YouTube.

Submitted by Investor Relations on Wednesday, October 26, 2022.