Archive for Asia

Vietnamese Tax Office shifts to nationwide barcode einvoicing within 3 to 5 years

The Vietnamese is considering to roll-out nationwide e-invoicing within 3 to 5 years. Just like other countries, the Vietnamese government is considering a system that requires companies to register their (e)invoicing data in their own system as well in the Vietnamese tax system. After registering, companies can use a barcode in their brick-and -mortar logistics as a printed evidence that an invoice has been registered.
The tax office expects to expand e-invoicing to 50 per cent of all enterprises after 3-5 years, and to all of the country's enterprises in the following 3-5 years.

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OB10 and Digital Planet team up to provide mandatory compliant e-invoicing in Turkey

December 30, 2013  |  Asia, Compliance, Electronic Invoicing

From January 2014, new Turkish regulations will require certain companies to adopt e-Invoicing. To help organisations remain compliant, OB10 and Digital Planet (a major Turkish e-Invoicing solution provider) announced a partnership to bring compliant electronic invoicing and process automation to Turkey.
In addition to adhering to regulatory requirements, the alliance offers organisations the benefits of streamlined processes, improved payment performance and the ability to capture early payment discounts.

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TIS eFLOW5 INVOICE selected by APAC Textile manufacturer for AP streamline and automation

December 18, 2013  |  Asia, Invoice Automation

The textiles manufacturer decided to deploy eFLOW INVOICE on eFLOW5, the latest version of TIS' flagship platform, in order to leverage its sophisticated eFLOW Accounts Payable Workflow on top of eFLOW INVOICE. Together the two modules comprise the best end-to-end solution with industry-leading recognition and approval workflows, as well as eFLOW5's improved GUI and other enhanced functionalities.

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Quiz: Wat is the world’s second largest EBPP system with 29 million users? UPDATE

November 15, 2013  |  Asia, Electronic Invoicing, Government, Payment

Don’t know? Well they right answer is: SADAD. What? SADAD, the national Electronic Bill Presentment and Payment (EBPP) service provider for the Kingdom of Saudi Arabia. Well actually, they themselves claim to be the world's second largest e-bill payment system.
First launched in 2004 by the Saudi Monetary Agency (SAMA), the Kingdom’s central bank now facilitates and streamline bill payment transactions through 37 public websites, 14 national banks and over 29 million users.

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GXS Powers 100% of the Asian Pacific Top Supply Chains

November 2, 2013  |  Asia, Digitalisation

GXS, a leading provider of B2B integration services, today announced that 100 percent of the Top Supply Chain Organizations in Asia Pacific connect through GXS Trading Grid, GXS’s cloud-based integration platform.
Gartner’s Top Supply Chain Organizations in Asia Pacific identifies the top 10 companies headquartered in Asia/Pacific, based on a combination of financial metrics (revenue growth, return on assets [ROA] and inventory), and the opinion of peers and Gartner supply chain analysts.

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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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