Tungsten successfully completes acquisition of DocuSphere

We earlier already mentioned that Tungsten was in the process of buying Docusphere. Tungsen now announced that is has successfully completed its acquisition of DocuSphere in September 2014.

This deal significantly extends Tungsten’s goal to help companies streamline their AP, adhere to tax and regulatory compliance, and have greater transparency of the entire invoice-to-pay process.

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EDICOM, first PAC to be CFDI authorised by SAT

Edicom states that it is the first PAC in Mexico authorized by the SAT. Their electronic invoicing solutions are designed to meet all legal requirements, while enabling users to take full advantage of the CFDI. In addition, EDICOM is endorsed by certificates such as ISO, SOX and NOM151 (electronic notary).

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Introducing: First B2B, Limitless Electronic Document Exchange

Without question, the EDI market is awash with jargon and often unnecessary complexities that confuse and concern business managers. For this reason, they pride themselves on making the transition to electronic trading as simple as possible. They achieve this by providing their clients with access to our robust, flexible and proven solutions delivered via SAAS (software as a service) technology.

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ASSA ABLOY UK increases efficiency with Wesupply’s EDI Managed Service

ASSA ABLOY UK was finding its existing EDI solution increasingly costly and complex to maintain. The company needed a new EDI provider that was capable of bringing new customers on-board in a timely and efficient manner, via a B2B platform that could easily connect to the company’s new Microsoft Dynamics AX ERP system, enabling full automation. Wesupply provided the solution, and more!

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Brief: Basware inks deal with North American security company

The agreement includes invoice automation and full inbound e-invoicing services. Basware is also providing Basware Analytics for enhancing accounts payable data visibility and a mobile solution for processing e-invoices. The value of the agreement is EUR 700,000 over three years.

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Peru aims for full mandatory e-invoicing by 2017

September 30th, 2014 by in Compliance, Electronic Invoicing, Latin America

Some 250 of the largest Peruvian companies were obligated to implement an e-invoicing system as of 1 October 2014. Peru’s aim is that 100% of its taxpayers should be using e-billing by 2017. It is estimated that there are currently more than 7400 Peruvian businesses are already using electronic invoicing.

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Basware Pay: Creating Payment Energy (with e-invoicing) [Free report]

September 30th, 2014 by in Electronic Invoicing, Payment, Publications, Research

Over half (57%) of international businesses surveyed by Basware and MasterCard admit to having actively delayed paying their suppliers in the past 12 months. The findings underscore a late payment culture, which three out of four businesses now consider normal practice, and that is hampering in particular small and medium-sized enterprises (SMEs).

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Macedonia allows for e-invoicing in 2015. Not compliant with EU Directive

September 30th, 2014 by in Adoption, Compliance, Electronic Invoicing, Europe

Macedonian VAT laws have undergone a number of revisions in 2014. Published in the Official Gazette no. 130/2014 and effective as of 11 September 2014, the new Law on VAT makes VAT registration mandatory for companies with a turnover starting from USD 20,000. Also the new laws allows for e-invoicing as from March 2015. Albeit not in compliance with EU provisions on electronic invoicing.

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First Spanish Provincial Authority to be fully adapted to Facturae

It is estimated that with Facturae they would have saved roughly 40,000 Euro. For this reason, the provincial agency is promoting several information sessions for businesses and local authorities, to help promote electronic invoicing, even before the compulsory start-up scheduled for January 15, 2015.

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Short: Siemens selects Tungsten to process over 7 million invoices

Tungsten stated to have been selected by German engineering conglomerate Siemens AG to bring e-Invoicing to its business and suppliers around the world. According to Tungsten, Siemens receives and processes more than 7 million invoices annually from its supplier base. To put things in perspective: Tungsten Network processed 13.4 million transactions last year.

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