BancTec signs a Virtual E-invoicing Operator agreement with Scancloud

BancTec signed a Virtual Operator agreement for e-invoice services with the Scancloud. Scancloud’s software will be integrated within the BancTec cloud based invoicing service, called BancPay.

BancPay is an intelligent invoicing service that allows all types of businesses to create and exchange invoices electronically to improve cash flow and reduce administrative costs. Free to join and easy to use, BancPay allows you to create your own business network to send, receive, approve and check the status of all your invoices on-line.

How BancPay works

BancPay can handle invoices of any type; whether they are directly entered into the BancPay portal, sent by email or even in paper format. And with the integration of Scancloud’s software, BancPay can manage e-invoices created directly from a company’s accounting application.

This removes the hassle of having to re-enter invoicing data, allowing you to access all the benefits of e-invoicing such as; guaranteed delivery, reduced errors, status visibility, better approval processes and a reduction in overheads.

Mark Fairchild, president of BancTec:

• “Over the last 40 years, BancTec has built its reputation on delivering reliable, mission-critical systems to the financial services sector. By taking our expertise into the cloud, and targeting the important issues of e-invoicing, we can now offer the same benefits to a much wider range of businesses while keeping the focus on real world usability,”
• “Highly affordable and easy to use, our intelligent cloud invoicing service allows businesses to interact with their customers and suppliers in a more efficient and collaborative way.”

Peter Persson, CEO of Scancloud AB:

• “Scancloud shares its vision with BancTec that e-invoicing will soon will be standard for most European companies. Not only for environmental reasons, but also because it is simply the most cost-efficient and secure way to manage your business finances.”
• “To date, most systems on the market have been directed to larger companies with complex installations. Until now there has been a lack of easy-to-use cloud based systems on the European market.”
• “BancPay, together with Scancloud’s integrated e-invoice services, offers an accessible solution that will solve these issues for all types of businesses in Sweden and across Europe.”