ThyssenKrupp selects Ariba to automate over 1 million invoices

October 9th, 2014 by in Digitalisation, Invoice Automation, North America

ThyssenKrupp will connect to the network to streamline purchase orders and invoices and realize the following business benefits (1) efficient collaboration with more than 10,000 suppliers, (2) procure-to-pay process efficiency through purchase order and invoice automation and (3) the ability to automate nearly 1 million invoices a year.

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Recent developments on UBL standardisation [+free UBL conference]

October 8th, 2014 by in Europe, Events, Standards

Things are moving in the European standardisation arena. Recently, the European MSP group has recommended to the EC that UBL be acknowledged as a European Standard. Also, UBL has been going through the paces for ISO standardization and some experts believe it also shouldn’t be long before it is also an ISO/IEC standard. It is currently being scrutinised.

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480 Percent growth for Invoiceware International, processing 83 billion USD in transactions

As more companies realize the profound implications of Latin American mandates and look for a regional partner, Invoiceware International continues to expand the largest Latin American Business Network with more than 70,000 businesses in the region transacting over 83 billion USD annually.

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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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