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Archive for Electronic Invoicing

Basware predicts the end of OCR

February 5, 2018  |  Digitalisation, Electronic Invoicing

"That is why OCR is going to go away. Basware has a way to read those PDF invoices without using OCR, resulting in accurate, real time data at a fraction of the cost."

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Basware sells its Financial Performance Solutions and Banking businesses

Basware Corporation has signed an agreement to sell its Financial Performance Solutions and Banking businesses to Verdane Capital, an active owner of technology-enabled growth companies in Northern Europe.

The combined sale price of the two businesses is approximately EUR 35.0 million, subject to certain adjustments. In 2017, the net sales of the business operations agreed to be sold were approximately EUR 15 million and direct carved out costs approximately EUR 7 million.

The transaction is expected to be completed as soon as possible in the first quarter of 2018. There are no conditions precedents for transaction closing. The transaction price will be paid in cash in connection with the closing of the transaction. 95 employees will be transferred to the buyer.

Vesa Tykkylainen, CEO, Basware Corporation:
“The sale is aligned with our cloud-focused global growth strategy. Financial Performance Solutions and Banking have been part of our heritage and we are proud of the solutions. However, they have been primarily Finland specific non-cloud businesses and are thus not aligned with our strategy. The disposal enables us to simplify and focus our energy and attention fully on our high growing cloud business.”


Paperless by Sovos product has achieved government certification for compliant e-invoicing in Colombia

The latest addition to the Sovos Intelligent Compliance Cloud safeguards companies doing business in Colombia from mounting risks and costs related to real-time reporting mandates.

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Tradeshift selects Trustweaver as strategic partner to enhance e-invoicing compliance

Through a seamless, cloud-based integration by TrustWeaver, Tradeshift guarantees a larger spectrum of its customers’ electronic invoices subjected to VAT requirements meet compliance regulations.

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Italy’s e-invoicing mandate, Trustweaver will help you remain compliant

The Italian e-invoicing mandate resembles the status in many Latin American and other emerging economies: the invoice must be submitted to an online government platform before it is considered as issued for tax purposes.

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SupplyOn choses CloudTrade’s patented e-invoicing technology to serve 60,000 global customers!

January 31, 2018  |  Cooperation, Electronic Invoicing

Among SupplyOn’s 60,000 customers are international brands including Airbus, BMW Group, BorgWarner, Bosch, Continental, DEUTZ, Kautex Textron, Liebherr, Safran, Schaeffler, Schindler, Siemens, Thales, and ZF.

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Top three challenges of SAP-based e-invoicing and VAT reporting

As tax authorities in Latin America, and now Europe, adopt new e-invoicing and e-accounting initiatives, companies are realizing that SAP is not equipped to support the unique needs from country to country.

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Ireland and Poland connect with PEPPOL to comply with EU Directive

January 18, 2018  |  Electronic Invoicing, Europe, Mandatory

That systems chosen are similar to other systems in use by other EU countries like Spain (Facturae) or France (Chorus Pro). This e-Invoicing model counts on an online portal which will act as intermediary between businesses and the Public Administration.

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Nepal enforces guide on POS e-billing systems

January 18, 2018  |  Asia, Electronic Invoicing, Mandatory, Payment

The e-billing system connects the point of sale (POS) to the IRD’s computer over the internet, and each time a sale is made and a sales receipt is issued, the transaction is recorded in real time by the IRD.

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Basware and AcceptEasy join forces to accelerate SME and consumer payments

January 18, 2018  |  Cooperation, Electronic Invoicing, Payment

Consumers and small businesses can complete payments for the invoices they receive digitally from Basware customers with just a few steps, without registration or log-in.

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