BREAKING: Lexmark wants to buy Readsoft for $US182 million. Cash.

Lexmark International, has announced that it has made a $US182 million cash offer for ReadSoft. The offer has been unanimously recommended by ReadSoft’s Board of Directors.

Since acquiring Perceptive Software in 2010 for $US280 million, printer giant Lexmark has been acquiring a suite of document capture process and content management offerings. Such as Pallas Athena in 2011 for $50.2 million. ReadSoft will now be added to the Lexmark portfolio if the offer is accepted.

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Fawry,the Egyptian EBPP platform expands to the UAE and the Gulf region

May 13th, 2014 by in Asia, Electronic Invoicing, Payment

Fawry, the leading Egyptian Electronic Bill Presentment and Payment (EBPP) platform in Egypt, has plans to expand regionally, starting with the UAE to be followed by other GCC markets

Fawry allows consumers from across the socio-economic strata in more than 300 cities and suburbs across Egypt to pay for their bills online, on mobile and at more than 40,000 points of presence across the nation, including 15 banks and 4200 ATMs; 1300 Egypt Post branches; 35000 retailers comprising pharmacies, supermarkets and convenience stores; as well as mobile and internet. Currently, more than one million transactions are processed daily via Fawry

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LATAM E-Invoicing: Navigating the profits and pitfalls of government mandates

Mandatory electronic invoicing is sweeping through Latin America. And the motive is tax revenue. Since their introduction during the past few years these measures left chaos in their wake.

That is why Invoiceware came up with a report that covers key differences between e-invoicing practices in Latin America and the rest of the world, how those differences could affect your business, and how to convert compliance costs into profit potential. Download the report here.

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Philippines GSIS rolls out online billing and payment app

May 12th, 2014 by in Adoption, Asia, Electronic Invoicing, Payment

In July of this year GSIS, the Government Service Insurance System, (the agency responsible to provide and administer the social security benefits for government employees in the Philippines) will be launching an online billing and payment application.

The Electronic Billing and Collection System (eBCS) is a web-based application that will enable GSIS to send its billing statements for premium and loan amortisation to government agencies electronically, and accept payments online.

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Canada Post expects 50 per cent drop in mail due to rise of ebilling

It would be wrong to believe that mail will disappear entirely, Deepak Chopra (CEO of Canada Post) says, as items such as passports, health cards and birth certificates, which have no virtual equivalent, will still need to be sent via mail.

But much of the rest of Canada Post’s business will move to email, including most billing, he said. Canada Post is already trying to grab a piece of e-billing now, through its ePost online billing service.

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Corcentric to host COR360 Product Demo: A Day in the Life of an Invoice

Corcentric will be hosting a free 60-minute educational Webinar for AP professionals that tracks the path an invoice travels as it goes through the COR360 AP automation solution. The Webinar, “COR360 Product Demo: A Day in the Life of an Invoice,” will be hosted by Rob DeVincent, Corcentric’s Vice President of Product Marketing, and will take place on Thursday, May 15, 2014 at 2:00 PM ET/11:00 AM PT.

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eFinans is the first Turkish member of EESPA

eFinans has been admitted as the first Turkish member of EESPA (European e-Invoicing Service Providers Association) by EESPA Board decision of April 11, 2014. eFinans aims to strengthen its ties with its European peers in order to be ready for crossborder e-invoicing which will soon come into force in Turkey. eFinans’ system experience and banking culture inherited form its parent’s decades-long experience is ready to propel Turkish companies and their global trading counterparts.

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OB10 and DocuSphere team up and ink their first joint customer

OB10 and DocuSphere have formed a partnership and inked their first joint customer. A major European organization is leveraging the integrated accounts payable automation technology that features OB10 e-Invoicing with the DocuSphere All-in-One solution.

The new customer will use the combined service to automate its global accounts payable processing, eliminate paper and support its environmental initiatives.

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Billing and payment preferences keep shifting to mobile. Are you prepared?

April 30th, 2014 by in Electronic Invoicing, Mobile, Payment

Billing and payment preferences keep shifting to mobile. Are you prepared?Fiserv, a global provider of financial services technology solutions, does a survey every year.

This year the Second Annual Biller Mobile Bill Pay Benchmark Study was presented by Fiserv, and here are the main results…

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EDICOM extends e-invoicing platform in Peru

EDICOM has a Permanent Electronic Invoicing Observatory. This observatory recently detected that Peruvian authorities want more fiscal control and want to modernize accounting management for SMes in Peru, by using electronic invoicing.

By updating its electronic invoicing platform in line with the requirements demanded by SUNAT, EDICOM can provide companies engaging in trading relations in Peru with a solution that automates the creation, sending and safekeeping of electronic invoices.

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