Archive for Asia

Visa and @UK launch Cloudbuy for e-billing and e-procurement in Asia [trend]

October 14, 2013  |  Asia, Cooperation, Purchase-to-pay

As time goes by we can see that e-invoicing is evolving. After the Basware+MasterCard deal, the Tradeshift+CapitalAid deal, the Tungsten+OB10 deal, we now see the Visa+@UK deal. It displays a trend where e-invoicing now longer sits on itself, but becomes an integral part of larger business processes. Good news for e-invoicing adoption and innovation.

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KAUST becomes the first OB10 buyer customer adopting einvoicing in Saudi Arabia

October 4, 2013  |  Asia, Electronic Invoicing

KAUST required a scalable solution that can keep pace with its ambitions to expand rapidly. Having heard about the success of electronic invoicing at Imperial College in the UK, and visited the Finance and Procurement teams in London, OB10 was a leading contender. Kaust identified OB10 as the provider that would reduce the number of paper invoices processed, deliver early efficiencies and enable prompt payment to suppliers.

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SEEBURGER to penetrate Singapore, Sri Lanka and India with BPM Consulting

September 19, 2013  |  Asia, Digitalisation, Purchase-to-pay

SEEBURGER started a strategic alliance with Singapore-based BPM Consulting to offer secured B2B communication and file transfer solutions in Singapore, Sri Lanka and India.
SEEBURGER currecntly has a presence in mainland China, Japan, Malaysia, Indonesia, Singapore, Hong Kong, Vietnam, Thailand and Australia. The company continues to expand its representation in the region as Asian businesses recognize the need for data security and Managed File Transfer. The alliance with BPM Consulting is strategic in two ways. BPM Consulting is experienced in SAP consulting and SEEBURGER has a long history of cooperation with SAP.

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Electronic invoicing in Kazakhstan as from July 2014

Late 2011 we already wrote about e-invoicing in Kazakhstan. At that time the Deputy Chairman of the Tax Committee Argyn Kipshakov said that Kazakhstan was to switch to electronic invoicing as from 1 July 2012. But that has been postponed to July 2014. As from October 2013 a pilot mode with electronic invoices is planned with taxpayers that have voluntary expressed the desire to start with einvoicing.
According to Tax Committee in Kazakhstan, ensuring comprehensive control of reflection with individuals of the income and identification of the persons who are evading paying taxes, is complicated as the declaration on the income and data on property are submitted by only 3.8% part of the population of Kazakhstan. Perhaps they'd better start with upgrading that percentage before thinking of introducing online billing.

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Basware and CEDEX create largest auto manufacturer e-invoicing network

September 6, 2013  |  Asia, Electronic Invoicing

Basware has partnered with CEDEX e-Autohub to connect automotive manufacturers in Europe and North America with suppliers in China. The agreement enables the connection of 5,000 Basware and 2,500 CEDEX e-Autohub suppliers and customers. A number that is expected to grow even further in the next future.
CEDEX e-Autohub ensures that the invoices of Chinese suppliers meet the customer requirements in Europe and North America, including the global invoicing standard used by major automotive manufacturers. The partnership should enable easier transmission of e-invoices between manufacturerers. Lowering the payment cycle with ten to fifteens days on average. This should lead to even better relationships between suppliers and carsellers.

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Indonesia tests e-Billing for tax payments

September 4, 2013  |  Asia, Electronic Invoicing, Payment

Indonesia’s Directorate General of Tax (DJP), Ministry of Finance has introduced electronic billing for tax payments or e-Billing, in order to minimise human error and cut the queues.
The e-Billing service is currently available in testing mode to those taxpayers registered in regional DJP offices in Jakarta and West Java, and large taxpayers. They will need to register at using their Tax Identification Number (TIN). Upon registration, users can fill out their personal details which will be stored by the system, and can then obtain a billing code from the system.

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Deutsche Bank to launch paperless cross-border services in China

September 2, 2013  |  Asia, Digitalisation, Electronic Invoicing, Payment

Deutsche Bank announced the launch of paperless cross-border (payment) services in China as from 1 September 2013. With these services, corporates in China will be able to process their payments and foreign exchange transactions, as well as submit their supporting documents electronically directly via its electronic banking platform ? db-direct internet.
With the Bank’s electronic banking platform, corporates can also benefit from a flexible authorisation set-up for electronic document delivery. Deutsche Bank’s streamlined paperless cross-border payment services via one single platform will enable its clients to centralise their foreign exchange management and significantly improve their operational processes.

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Tradeshift to tap in to Chinese market

September 2, 2013  |  Asia, Electronic Invoicing

Tradeshift, in person of Christian Lanng is busy with expanding the size of Chinese users on Tradeshift from currently several thousands to more than 100,000 in the next 12 months by building up a localization version in China.
Large companies all over the world now ask Tradeshift to help them connect their suppliers in China for them outside China. That’s going to be the first focus of Tradeshift and over the next 12 months they will be inviting more than 100,000 Chinese suppliers to join and do businesses with these large companies.

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Malaysia introduces next generation e-procurement system

August 13, 2013  |  Asia, Government, Purchase-to-pay

After 12 years of loyal service, the Malaysian government’s flagship e-procurement system called ePerolehan (eP) is to be replaced by a new eP system, NextGen eP, by 2015, as part of the country’s Government Transformation Programme . The new system’s digital architecture also supports the Digital Malaysia initiative, a national programme to advance the country towards a full digital economy by 2020.
The current eP system has modernised the government-to-business procurement landscape, since its launch in 1999. Earlier this month, the portal reached RM60 billion (US $18.5 billion) with over 1.5 million transactions since its inception. The new system:

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SEEBURGER Forms Global B2B Integration Partnership with Minacs

July 10, 2013  |  Asia, Digitalisation

Under the agreement, Minacs will make SEEBURGER technology available to customers with intra- and inter-company collaboration needs such as trading partner communications and managed file transfer (MFT); provide implementation services; and incorporate SEEBURGER solutions into industry-specific Minacs products including its TradeFree product suite for the banking sector.
Minacs has more than 150 B2B integration engagements under its belt, a strong global presence. SEEBURGER’s tight integration with SAP systems as well as its SAP-specific solution extensions for applications such as supply chain monitoring and order-to-cash automation give Minacs an opportunity to increase its engagements with SAP Global Delivery.

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