ReadSoft, a leading global provider of software solutions for document process automation and OB10, the world’s leading e-Invoicing network, today announced a new global partnership. Working together, ReadSoft and OB10 have developed a comprehensive, end-to-end business process solution that will integrate seamlessly with SAP, Oracle and other leading financial and ERP systems using the ReadSoft INVOICE COCKPIT Suite as a universal invoice hub to control all invoice processing irrespective of document format. The solution will drive lower costs and greater automation across the P2P process and help customers move to more advanced and efficient business processes.

The partnership, which already shares many mutual customers, will provide organizations with the capability to streamline and optimize their invoice and document automation process and benefit from improved efficiency and transparency within the financial supply chain. The partnership also enables leading systems integrators and business process outsourcers (BPOs) to provide enterprise customers and suppliers with an end-to-end common business process for all their invoicing requirements.

ReadSoft’s world leading accounts payable and receivable solutions will together with OB10’s best practice supplier enrolment and ability to handle any data format become more accessible to a wider range of businesses. This in turn increases benefits to buyers, suppliers and systems integration specialists. Moreover, this partnership accelerates the migration to truly paperless electronic invoicing, ensuring that Readsoft customers are enabled to take full advantage of the benefits in terms of cost, visibility and speed provided by e-Invoicing.

Peter Hörwing, Senior Vice President, Sales and Marketing at ReadSoft, commented: “Our partnership with OB10 builds on our business model of working with best-in-class organizations to create and deliver more efficient end-to-end business process solutions. This partnership demonstrates ReadSoft’s leadership in the AP market and our ability to provide a guaranteed service to our customers whatever the mix of EDI, electronic and paper, and manage the whole end-to-end process.”

OB10’s e-Invoicing network is operational across Europe, North America and Asia, supporting most local language requirements, and meets local, legal and tax compliance regulations.

ReadSoft’s unique integration capabilities and end-to-end business solutions allow efficient management of the accounts payable and accounts receivable process, including e-Invoicing, contract management and advanced payments. By combining document process automation with the global e-Invoicing network, enterprises can drive compliance, gain greater control over spend and maintain transparency across the financial supply chain.

Luke McKeever, CEO, OB10, commented: “This new global alliance between our organizations creates an opportunity for buyers, suppliers and systems integrators to work with the leading organizations in their fields. OB10’s ability to handle any data format and supplier enrolment expertise ensures that all suppliers can benefit from document automation and e-Invoicing through ReadSoft.”

ReadSoft
OB10

This article is from E-invoicing Platform. Read the original post at: New partner agreement between ReadSoft and OB10.

The partnership will allow Perceptive Software to offer e-invoicing and seamless alignment with its ImageNow Workflow solution.

Perceptive Software customers will be able to receive electronic invoices from their suppliers via the OB10 network and can further streamline invoice processing by receiving accurate invoice transaction data electronically directly from the supplier in real time. This eliminates the need for scanning or data entry and creates “no-touch” invoice processing.

“ImageNow offers an extremely versatile solution for accounts payable departments,” said Thayer Stewart, OB10 vice president for marketing and business development. “It supports all ERP environments and features the ability to be hosted or installed locally, which satisfies the needs of a wide range of organisations. We are excited by the partnership with Perceptive Software and believe their strong customer focus will pay dividends to both organisations.”

“Perceptive Software is pleased to partner with OB10,” said Darren Knipp, chief technology officer, Perceptive Software. “Perceptive Software and OB10 have similar integration philosophies. OB10’s e-Invoicing capabilities will be a key addition to our Back Office ECM offering, integrating seamlessly with ImageNow Workflow key addition to our Back Office ECM offering, integrating seamlessly with ImageNow Workflow.”

www.ob10.com
Source: www.onwindows.com

This article is from E-invoicing Platform. Read the original post at: OB10 joins forces with Perceptive Software.

Read the ‘SEPA Credit Transfer XML customer-to-bank Implementation Guidelines for the Netherlands’

The initiating group ‘SEPA Migration NL’ have also come up with the Dutch Implementation Guidelines set to create a ‘level playing field’ for their corporate customers and software vendors active in SEPA.

The Dutch Association of Banks strongly recommends the use of the Dutch bank-customer SCT Implementation Guidelines to banks and their corporate clients.

The use of the Dutch Implementation Guidelines does not exclude the use of Belgian or other Implementation Guidelines. A bank can make additional appointments with its customers.

The new bank-client standards will replace the existing, because they do not meet all the SEPA requirements. Thus, BIC and IBAN cannot be used.

Source: www.sepanl.nl

This article is from E-invoicing Platform. Read the original post at: SEPA bank-client standard available.

Almost all enterprises in the Netherlands and Finland have internet access
In January 2008, the highest proportions of enterprises with internet access in the EU27 were recorded in the Netherlands and Finland (both 99%), Denmark (98%) and Belgium, Austria and Slovenia (97% each). The percentage was less than 90% in only five Member States: Romania (67%), Bulgaria (83%), Hungary (86%), Latvia (88%) and Cyprus (89%).
 
The proportion of enterprises with a broadband connection in January 2008 was above 90% in Spain, France and Finland (92% each) and in Belgium (91%). Only in Romania (44%), Lithuania (56%) and Poland (59%) did less than 60% of enterprises have a broadband connection.
 
The data show that while internet access appears to be approaching saturation in nearly all Member States, the level of broadband internet access is still increasing.

Below you can view the outcome of the survey:

 
Source: Eurostat

This article is from E-invoicing Platform. Read the original post at: Majority of enterprises in the EU27 had a website in 2008.

TIE Holding N.V. (“TIE”) hereby announces that it has entered into a tentative agreement to acquire MamboFive B.V., an e-Business software company based in The Netherlands. The transaction completes TIE’s portfolio of the TIE Kinetix e-Business products and solutions and creates further business development opportunities for up-selling TIE Kinetix to the expanded customer base.

This acquisition fits well into TIE’s strategy of acquiring businesses that strengthen TIE’s bottom line, whilst providing expansion of the product and service potential. The acquisition is expected to contribute to TIE’s revenue and profitability.

Following the completion of the financial, technical en legal due diligence, and the agreement for the purchase of 51% of the shares, TIE shall pay a purchase price amounting to EUR 200,000. The purchase price for the first 51% of the shares also contains a short term 5% annual interest bearing loan amounting to EUR 300,000. On March 1, 2009, TIE requires to pay the loan and interest to the shareholders of MamboFive.

Regarding an additional 24,5% of the shares, TIE receives an option to buy them per April 1, 2009 for a purchase price of EUR 450,000. In order to acquire the final 24,5% of the shares, TIE receives an option to buy them for a purchase price of EUR 450,000. In case TIE determines to exercise the options, TIE will issue convertible bonds amounting to the purchase price. Each convertible bond has a notional term of five years and a lock-up amounting to 1 year. The convertible bonds are non-interest bearing and the conversion rate of each bond will be based upon the average closing rate of the last 4 days prior to the closing date or exercise date as well as the closing date or exercise date, always with a minimum of EUR 0.10.

The total purchase price for the acquisition of all shares of MamboFive therefore amounts to EUR 1.4m. The company has decided to split the transaction in order to anticipate on the current circumstances in the financial markets, and therefore provides itself with multiple decision moments to evaluate the financial market status at that moment. TIE expects to finalize the agreement after the publication of the annual results, which is planned on November 26, 2008.

With the addition of MamboFive, TIE will be able to deliver its customers a complete state-of-the-art TIE Kinetix e-Business solution, including a web shop. Our customers can now connect and integrate with their trading partners in the supply chain in every possible way, whether it’s the support of online orientation for their customers, online selling or online fullfillment. Therefore they can keep their business virtual as long as possible and save valuable time and money and even grow their revenue.

TIE will also be able to deliver its Business-to-Business integration know-how and solutions to the customers of MamboFive, who are predominantly in the telecom industry. Customers of MamboFive are KPN, HI, Debitel, AH Mobiel, Vodafone and e-tailers such as Elders Websales and Slimshops.

“Combining with TIE provides a significant opportunity to further accelerate our combined business”, said Frank van Doorn, Director of MamboFive. “We have been looking for possibilities to provide our clients additional services and complete solutions. We are very pleased to be able to integrate our MamboFive solutions in the TIE Kinetix platform. This will enable us to realize substantial growth in new markets and to extend the business with our existing clients”.

“Web shops and e-business solutions are the final step in our vision of offering a full range of e-business solutions to our customers”, says Jan Sundelin, CEO of TIE. “MamboFive delivers a full multi-channel concept, including shop-in-shop. With the acquisition of MamboFive we have a very powerful solution for our clients in doing their business online via a web shop.”

About MamboFive
MamboFive delivers and implements e-business solutions based on her standard MamboFive Commerce Suite (MCS), which is suitable for B2B and B2C solutions.
MCS is a fully ‘Web Enabled ERP’ for the internet entrepreneur. New technologies such as e-procurement, web shops, catalogue management and web services can be implemented upon the existing investments in financial and logistic systems.

The company was established in 2000 and is headquartered in Utrecht, in the center of the Netherlands. It developed the MamboFive Commerce Suite especially for midsize and large enterprises who can implement the software package quickly without high investments. MamboFive’s main focus is the high end corporate retail segment. The client reference list comprises strong corporate brands as KPN, HI, Debitel, Vodafone, Fujitsu-Siemens, SimYo Belgium, Simac ICT and Elders Websales (GSM.nl).
MamboFive also has a strong position in the mid segment with runner up companies and niche players who require state-of-art solutions for their e-businesses.

Profile TIE
Master Data Management Software Company TIE (NYSE Euronext: TIE Holding) bridges the gap between online and traditional business. TIE helps industry and supply chain partners to achieve electronic business collaboration with solutions in the traditional and upcoming markets like Data Quality Management, e-Invoicing, Master Data Management and Digital Channel Communications. Our solutions are proven to lower costs, increase revenue and optimize business processes. Because we have decades of experience to share, TIE remains a key contributor to the development and implementation of global eCommerce standards. TIE is a publicly held company with offices in the United States, France, and the Netherlands.

This article is from E-invoicing Platform. Read the original post at: TIE to acquire MamboFive.

The TIE Digital Channel Management solution (DCM) will enable Siemens to manage and distribute their marketing and sales information real-time to their worldwide indirect sales channel. Starting with a pilot phase in the US, UK, Germany and Spain, Siemens will connect a selection of their major partners to the DCM system. After a successful pilot it will become a key part of the worldwide indirect partner program.

“By working with TIE and their DCM system we believe we will offer real value to our channel partners. The partners can simply provide the information regarding Siemens solutions, quickly, easily and without having to have specialist marketing skills or any burden of keeping information up to date. The potential for our partners to run, ready branded, targeted campaigns at the click of mouse is very exciting”, said Adrian Honey, Director of Global Indirect Channel Marketing. “From a Siemens perspective we reduce the time to get information into the market and are obviously pleased that accurate, complete and up to date information about our products and solutions is available to the market and is being actively promoted by our partners”.

“Siemens really understands the value of getting their marketing and sales content fast and easy into the worldwide market and recognizes the power of the TIE technology” says Jan Sundelin, CEO of TIE. “By using the TIE DCM system, Siemens will be able to reduce their costs and increase the Marketing reach for Siemens and their channel partners”.

Source: TIE

This article is from E-invoicing Platform. Read the original post at: Siemens Enterprise Communications GmbH selects TIE DCM for global trial.

ID-card was used by four out of ten enterprises with Internet connection. ID card was used mostly for giving digital signature and for authorising users in information systems. The most active users of ID-card were the enterprises of financial intermediation; two thirds of them used ID-card.

The general trend of reducing the paperwork has increased the interest of public authorities in websites. The enterprises download more and more forms and return them via Internet. Over three quarters of enterprises downloaded forms and two thirds returned them via Internet. Two thirds of enterprises had their own websites.

In January 2008, 97% of enterprises used computers; 99% of them had also access to the Internet. These indicators have not changed much during the last five years. As before, most of the enterprises needed the Internet for banking and financial services; fewer enterprises used the Internet for training and education purposes. The most popular type of Internet connection was DSL broadband connection, used by three quarters of enterprises. Other types of broadband connection, such as cable TV, leased lines, etc., were used by two out of ten enterprises. Non-broadband connections (dial up, ISDN, mobile Internet) were used less and often in combination with broadband connection.

Statistics Estonia has surveyed the use of information technology in enterprises since 2001. In 2008 3,500 enterprises participated in the survey. The survey involves enterprises with 10 and more employees. The usage of information technology in enterprises is studied by statistical organisations in all European Union Member States on the basis of harmonised methodology.

Source: Stat

This article is from E-invoicing Platform. Read the original post at: E-invoices gain popularity.

The funds distribution process is typically viewed as being one of the least automated in the financial industry with faxes still widely used in the transaction process.

According to Tilman Fechter, executive director, Investment Fund Services, Clearstream, while the adoption of automation is increasing, the lack of a recognised and universal messaging standard for communication between banks and fund managers is hampering efforts.

“More and more senior people agree that fax is not the answer but the argument is what the standard will be – Swift? FIX? Proprietary protocols?”

Fechter says that, despite the efforts of Swift to promote its ISO-based standards, the fact that many banks and investment managers are on different versions creates an interoperability problem.

Many banks have only just migrated onto the ISO 15022 standard while fund managers connecting to Swift for the first time are going straight onto the newer 20022 version.

Swift will eventually become the dominant standard, says Fechter, and all counterparties may eventually be using the same version but it will be a long-term project that will take at least 20 years in all likelihood.

For its part, Clearstream, which is owned by Deutsche Börse, is offering investment management clients in Luxembourg, Ireland, Belgium and Switzerland the opportunity to communicate with its banking counterparts through its Central Facility for Funds product which will be extended to the UK market as of October this year.

“Swift strongly relies on people like us to support two counterparties using Swift but on different standards,” says Fechter who adds that the situation is not the fault of the messaging standards body but just a reflection of the way the market is structured.

“Swift is doing the right thing and there is nothing I can see that it could be doing better. It is just the state of the industry and you cannot force standards.”

Source: Sibos Online

This article is from E-invoicing Platform. Read the original post at: Funds industry standards could be years away, says Clearstream.

Microsoft’s treasury would like to migrate all of its financial messaging onto the XML-based standard, however the tardiness of banks and their own adoption of the standard for their treasury services, means that the project will be an “evolution” that will involve several phases, according to Ed Barrie, group manager, Treasury at Microsoft.

“The XML standard will give us more enriched data at a transactional level which we can put into specifically defined fields in our Enterprise Resource Planning systems,” says Barrie. “This will give us better STP and a single viewpoint for all of our payments information.

Microsoft’s treasury department handles global credit and collections, cash management and account opening and closing for the software giant covering 1100 bank accounts and 130 banking partners.

Microsoft is concentrating on its treasury statements primarily, before applying the ISO20022 standard to its payment flows. However the project’s success will be heavily dependant on the progress of its 130 banking partners.

“By next year we expect to have at least two banks converted and hope to have six or more,” says Barrie.

At least the ISO standard will not face unwelcome competition. According to Barrie, there will not be a rival standard to ISO20022. “It is the format that supports Sepa payments in Europe so that is driving adoption but it has mostly been on the bank to bank payments side. What we need to see is this adoption spread to the bank to customer side.”

Despite the slow progress, Barrie is confident that by next year’s Sibos event, there will have been some significant developments, helped by demonstrable evidence of the benefits of implementing ISO20022.

“We are now in the initial analysis stage but by next year we will see more tangible case studies that show a return on investment, the percentage of straight-through-processing and the level of cost involved.”

Source: Sibos Online

This article is from E-invoicing Platform. Read the original post at: Microsoft treasury pushes on with ISO20022 project as banks slow progress.

This is the agenda of the event.

If you are interested in visiting this event, you can view the registration form here.

This article is from E-invoicing Platform. Read the original post at: 02-12-2008: CBI/ABI event – Forum on e-Invoicing in Rome.

OBJECTIVES of the workshop

- Discuss and look at how eGovernment can be an effective tool in the reduction of administrative burden for public administration, business and citizens.
- Inform about the present activities of the European Commission by speakers from DG Enterprise and DG Infosoc including the latest call within the ICT PSP Work Programme 2008;
- Provide an up to date overview of the latest activities of the SCM Network;
- Present good practice cases from Belgium, The Netherlands and Germany, among others, showing how administrative burden is being reduced for business, citizens and government;
- Provide participants an opportunity to raise questions and discuss these good practice examples with the case presenters in three parallel working groups.

More information to be found on the website of ePractice.eu.

This article is from E-invoicing Platform. Read the original post at: 25-11-2008: ePractice.eu – Administrative burden.

“Because our products are already deeply integrated with Oracle E-Business Suite and PeopleSoft Enterprise financial applications, On Demand customers can simply ‘turn on’ our solutions as needed,” explains Karl Büttner, chairman and chief technology officer of 170 Systems, Inc.

“Since Oracle provides the hardware and manages the database platform on which 170 MarkView Financial Suite runs, this solution is powered by Oracle On Demand,” says Büttner.

The 170 MarkView Financial Suite integrates all unstructured content associated with a given transaction–paper, fax, electronic data interchange (EDI), electronic invoices, spreadsheets and e-mail–directly into Oracle E-Business Suite and PeopleSoft Enterprise financials applications.

The result: On Demand customers strengthen internal controls, lower transaction costs, promote adoption of self-service solutions, and enable e-invoicing.

Lowering the Cost of Compliance
By automating the integration of unstructured content, the 170 MarkView Financial Suite lowers costs even as it reduces the risks inherent in dispersed, paper-based systems.

And internal controls guarantee segregation of duties for each transaction.

“We turn core financial functions into self-documenting, Sarbanes-Oxley-compliant processes with comprehensive audit trails and real-time monitoring,” says Büttner.

The 170 MarkView products also shrink transaction costs and timelines, thanks to automatic routing of each transaction and its associated information to the appropriate individual for review, coding, and approval.

And by automating processes and bringing them online, the 170 MarkView Financial Suite enables self service as well as real-time audit capabilities.

“The beauty of this partnership is that our products are in tight coordination with Oracle financial application products and live on Oracle On Demand,” Büttner adds. “That means customers get all these benefits of the software with simplified, proven integration and with a single point of accountability for the management of their solutions.”

Source: Oracle

This article is from E-invoicing Platform. Read the original post at: Oracle On Demand Now Integrates E-Invoicing and Imaging into Financial Solutions.

The technology is moving to the mainstream as the European Commission pushes it as part of its drive to cut costs in supply chains.

The Corporate Action on Standards project, set up by the European Payments Council, said that e-invoicing allows companies to cut the average EUR30 cost of processing a paper invoice by 80%.

Businesses that want to take advantage of e-invoicing can do it themselves, use an e-invoicing service provider or work with their banks.

Stefan Foryszewski, senior vice-president at e-invoicing service provider OB10, says businesses are looking at e-invoicing but only “the more enlightened ones.”

“The market is still fairly immature but awareness is beginning to grow,” he says.

Forysewski advises businesses moving to e-invoicing to ensure that their enterprise resource planning (ERP) systems are compatible with the system they chose. They must ensure the system they chose can be easily integrated with all suppliers. And they must ensure they comply with the taxation laws in the different regions they receive invoices from.

Building an e-invoicing system is challenging for companies to do on their own and the capital investment required may be hard to justify as the economy slows.

DHL began rolling out an electronic invoicing and payment system from Accountis in July last year. The project aims to save millions of pounds across Europe by reducing billing costs by 15%.

Brian Thumwood, e-billing programme manager at DHL, says the company chose a third-party supplier to avoid the risks of building its own system. “We looked at doing it ourselves but the complexities associated with the legal structure in different countries and the technology made us work with a supplier.”

Businesses only need minimal technology in place to use a third-party service, such as dedicated servers, a connection to the e-invoicing service, and the use of workflow systems.

Peter Ratcliffe chairman of Accountis points out that many e-invoicing suppliers have been bought up by larger businesses which means their software is no longer commercially available. For example, E-invoicing software providers Harbor Payments and Xign were acquired by American Express and JP Morgan respectively in 2007. As a result, companies that set up their own e-invoicing services would have to write their own software, he says.

Banks are using e-invoicing service providers to create their own services. Abbey launched a corporate e-invoicing service in July last year in partnership with e-invoicing network provider OB10, as part of a service to offer finance to supply chains.

Tom Crowe, director of sales and delivery financial supply chain solutions at Abbey Corporate Banking, says take up of e-invoicing is slow because it is a new concept in the UK.

But he said that businesses will take it up because of the savings that can be made. “Anything they can do to make businesses more efficient they are keen to look at particularly in a period of economic uncertainty,” he says.

The Royal Bank of Scotland (RBS) has announced that the first customers of its e-invoicing system, provided by Accountis are going live this month.

In the current economic climate an 80% reduction in the cost of a paper invoice will be attractive to business managers attempting to cut unnecessary costs. IT departments must, however, decide how they are going to implement e-invoicing to maximise the return on investment.

What is E-invoicing?

E-invoicing is an alternative to Electronic Data Interchange (EDI) as a method of dealing with supply payments electronically. It also helps get the best out of ERP systems by automatically putting more accurate information into the systems.

E-invoicing uses the internet to connect businesses with their suppliers and automates the processing of invoices in accounting systems. It speeds up payment times, improves the information in ERP systems, reduces the human resources required and eradicates inputting errors. It also cuts postage costs and reduces waste paper.

EDI is a point-to-point computer connection between a business and a supplier which uses a network provider to process transactions. Large businesses use this method to connect with their major suppliers.

Source: Computerweekly

This article is from E-invoicing Platform. Read the original post at: E-invoicing could help firms through recession.

TietoEnator offers eInvoicing services to both enterprises and banks and can reach a large number of invoice issuers and receivers. Mats Wikström, Vice President of Value Networks at TietoEnator Digital Innovations says: “Together with our customers, we’ve received several international innovation awards in business integration and financial value chain services. This co-operation is an important milestone in improving services for our international customers.”

The cooperation makes TietoEnator’s on-demand services for eInvoice exchange and archiving available to Seeburger’s EDI (Electronic Data Interchange) outsourcing customers. The new joint service already has its first customer, a leading company in the packaging market.

Bernd Seeburger, founder and CEO of Seeburger says: “By using TietoEnator’s eInvoicing service with Seeburger’s EDI outsourcing services, our common customer can optimize its invoice handling processes, as well as take care of tax and legal compliance requirements. They chose this solution in order to ensure a secured exchange of invoices with all of its business partners.”

Source: Sibos Online

This article is from E-invoicing Platform. Read the original post at: TietoEnator and Seeburger partner for e-invoicing.

The combined offering provides a complete procure-to-pay solution that supports settlement using a MasterCard payment card account or electronic funds transfer (EFT).

Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), a leading provider of global air cargo assets and services, is the first company to utilize the integrated capabilities of the MasterCard Payment Gateway and iPayables.

“We manage and operate the world’s largest fleet of 747 freighter aircraft, providing a unique value proposition to our customers through highly reliable, cost-efficient assets and operating services,” said Joseph Lopez, Sr. Manager, Indirect Procurement for Atlas Air. “Similarly, the MasterCard Payment Gateway is a highly reliable, cost-efficient service that will streamline the process for paying our suppliers, saving time and money for us and our vendors.”

First introduced in October 2007, the MasterCard Payment Gateway is a flexible enterprise-wide payment processing platform for routing commercial payments between buyers, suppliers and their financial institutions. iPayables is the first non-bank reseller whose functionality is coupled with the MasterCard Payment Gateway, creating an end-to-end solution that offers companies a more streamlined, faster and secure way to make payments.

“The combination of iPayables’ electronic invoicing capabilities with the MasterCard Payment Gateway provides Atlas Air with one efficient and secure B2B payments solution,” said Shari Krikorian, vice president, Advanced Payments, MasterCard Worldwide. “By managing multiple payment types, the MasterCard Payment Gateway is simplifying the historically inefficient, check-dominated process of payment, and solving corporations’ growing demand for straight-through processing.”

Using the MasterCard Payment Gateway, a buyer can initiate payment card and EFT payments directly from its financial system to the banks of its suppliers. Remittance data is provided to both the buyer and supplier to speed up reconciliation processes. No account information is shared between the buyer and supplier, and the supplier does not need to use a point of sale device to originate payment.

“The MasterCard Payment Gateway expands our electronic invoicing capabilities and enables us to provide our customers with a complete payables solution that delivers increased efficiencies for all of their commercial payments needs,” said Ken Virgin, CEO, iPayables.

The modular nature of the MasterCard Payment Gateway also provides financial institutions with an enterprise-wide electronic solution that they can re-brand and make available to their corporate customers, or integrate into their current product offerings to enhance their functionality and efficiency. This can enable them to increase payment volumes without building infrastructure, potentially grow profits with additional fees, deepen customer relationships and differentiate from the competition.

Suppliers that process payments with the MasterCard Payment Gateway enjoy automated payments with straight-through processing, decreased paper check processing costs, automated reconciliation via enhanced remittance information for common payment types and preference among buyers that pay electronically.

Buyers that rely on the MasterCard Payment Gateway can drive efficiencies by streamlining their payment options, integrating with existing accounts payable processes and can potentially save money by enabling one connection. Through this method/gateway, buyers can have one streamlined total payables solution that can help them increase productivity, enhance security and increase profits.

Source: Sibos Online

This article is from E-invoicing Platform. Read the original post at: MasterCard Payment Gateway integrates iPayables e-invoicing.

The Expert Group on e-Invoicing started its work at the end of February 2008. The Expert Group consists of 30 specialists representing all stakeholders: consumers, SMEs, large enterprises, service providers and public authorities.

The tasks of the Expert Group are to identify business requirements and responsibilities for the execution of specific work, as well as to steer the creation – by the end of 2009 – of a European e-Invoicing Framework.

The purpose of the European e-Invoicing Framework is to establish a common conceptual structure to support the provision of e-Invoicing services in an open and interoperable manner across Europe.

The Expert Group has issued a short status report which provides stakeholders with information about the progress of the Group’s work since its formation. Until now, the Group has held several meetings and established a series of initiatives to address a key opportunity for enhancing efficiency and productivity in the digital environment. A mid-term report will be issued before the end of 2008.

Source: epractice

This article is from E-invoicing Platform. Read the original post at: Expert Group on e-Invoicing: “There is no future for paper invoices!”.

Integrating seamlessly with Microsoft Dynamics AX 2009, Bottomline’s document process automation solution allows organizations to quickly extend the capabilities of their Microsoft application without custom programming. Through this functionality, organizations can build upon the strengths of Microsoft Dynamics AX 2009 to further increase user productivity, reduce costs associated with managing complex global financial and supply chain processes, and respond to the changing demands of the regulatory environment.

“The ability to manage the generation and delivery of transactional documents electronically has become a strategic factor in helping organizations compete more effectively in a global marketplace,” said Gareth Priest, Vice President of Global Product Management, Bottomline Technologies. “Since first introducing support for the Microsoft Dynamics AX platform in 2006, our solution has provided this growing community with the transactional document automation capabilities they need to maximize their investment in Microsoft Dynamics AX as a core financial and business system.”

In deploying the new capabilities announced today, Microsoft Dynamics AX 2009 users can:

• Improve the security of electronic transactional documents and payments through configurable preferences based on role and delivery destination;
• Share configuration options across multiple company accounts, and enable unattended batch processing based on recipient-specific delivery preferences during non-peak times to reduce operational complexity and IT overhead;
• Increase user productivity with a fully integrated and intuitive interface that mirrors the MicrrMicrosoft Dynamics AX 2009 user experience;
• Support global implementations through user interface localization in common international languages;
• Enhance communication and reporting through the ability to group related, but independent documents, into a single PDF file for preview and delivery; and
• Utilize Microsoft Dynamics AX 2009 Enterprise Portal to access and view Bottomline-generated reports on-demand without a Windows AX client.

“We believe that with the combination of our domain expertise and new capabilities specifically designed for Microsoft Dynamics AX 2009, customers will gain the security, reliability and control they require to make efficient transactional document processes part of their long-term, global business strategy,” said Priest.

Source: Sibos Online

This article is from E-invoicing Platform. Read the original post at: Bottomline adds Microsoft Dynamics AX 2009 functionality to document processing tool.