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

TIE Kinetix announced today a new contract with FUJIFILM Europe B.V., a leading manufacturer of high-quality (photo)graphic products, healthcare products, and high-end functional materials. Through the deployment of TIE Kinetix's FLOW Partner Automation platform, FUJIFILM's supply chain solution will move 100% to the cloud. 

The contract enables FUJIFILM to further optimize their document exchange processes with trading partners by moving 100% to the cloud with a managed service agreement with TIE Kinetix. With this new solution, the trading partners of FUJIFILM Europe B.V. will continue to be able to exchange documents such as purchase orders, order confirmations, packing slips, and invoices – both digitally and fully automated.   

FUJIFILM is currently in the process of transforming from a producer of only (photo)graphic products to expanding to also include healthcare products and high-quality functional materials. Within FUJIFILM Europe, the processes of logistics, IT, finance, and purchasing are centrally managed and coordinated. As an international company, close management of the supply chain is very important to FUJIFILM. 

FUJIFILM chose TIE Kinetix because of the company’s long history and expertise in document flow automation in the supply chain. This collaboration highlights the growing demand for document exchange digitalization. More and more companies are moving to the cloud and handing over management of their solution to specialized managed service providers. 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. 

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 Wednesday, July 27, 2022. 

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