Top Image Systems has won a six-figure deal to deploy eFLOW® INVOICE at the largest private oil and gas station operator in Austria. The sale is notable as a proof of the increased demand for deployment of eFLOWsolutions with integration to small and midsize business ERP systems, in this case to Microsoft Dynamics NAV.
The user seeks to optimize the processing of the 75,000 invoices collected each year by the company and its various subsidiaries from many distributed points of capture throughout Austria.
The main objective of the protocol was to formalize the collaboration between the ASA and the leading providers of e-invoicing services on the Belgian market. This is part of a larger initiative in which a total of 10 protocols will be signed with different industry groups. One of the commitments taken by the Belgian e-invoicing services providers which signed the protocol is to agree on a standard for invoice exchange - the result of a lobbying initiative from UnifiedPost and a step forward for making e-invoicing more accessible to SMEs.
Read MoreThe European Commission considers this measure necessary in order to reduce the likelihood of both domestic and cross border payment disruptions.
Technically, the current deadline of February 1 remains in effect, but the European decision enables an ultimate additional transition period of six months during which domestic payments without IBAN number can still be made, in other words: payments that not yet meet the new European standard.
The total volume of invoices distributed by UnifiedPost for Lampiris Belgium amounts to around 600,000 invoices per month, with electronic invoices representing 20 – 25% of this total. UnifiedPost Luxembourg also provides e-archiving services for Lampiris and manages the sending of reminders to Lampiris customers, which adds up to over 60.000 letters per month.
Read MoreBasware will deliver an invoice automation and travel and expense management solution to Botnia Mill Service Oy as Software as a Service (SaaS). The agreement also covers inbound e-invoicing and scanning services as well as services for sending e-invoices and printing paper invoices. All of the services will be deployed in early 2014. The value of the agreement exceeds EUR 300,000 over three years.
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The energy supplier selected Top Image Systems' eFLOW invoice processing solution to meet their broader accounts payable processing needs, automate the handling of 300,000 invoices per year and provide comprehensive integration with SAP to enable a full end-to-end Accounts Payable workflow.
Read MoreAfter InterCommIT, Infodis and KSD it is now time for Compudata to be acquired by Descartes. Compudata is one of the bigger providers of B2B supply chain integration and e-invoicing solutions in Switzerland.
The all cash purchase price for the acquisition was CHF 16.0 million (approximately USD $17.9 million at December 20, 2013). Descartes funded the purchase price for this acquisition by drawing on its existing acquisition line of credit.
Basware will deliver accounts payable automation services to a Danish jewelry manufacturer and retailer with global operations. And Catholic Health Initiatives (CHI), one of the largest non-profit hospital systems in the U.S., has selected Basware Accounts Payable Automation and e-invoicing solutions to efficiently process the more than two million invoices it receives annually.
Read MoreLode Reyskens, ICT Business Analyst at Philips: Philips takes its corporate responsibility in tackling climate change very seriously.We strive to optimize our internal processes to ensure maximum energy savings and efficiency. One of the major projects we have initiated in this regard is the delivery of electronic invoices, replacing the paper version. This enabled us to bring our paper flow down to a minimum, while providing the customer with the required information in a fast and correct manner.”
Read MoreThis particular organisation started to think about invoice automation approximately 10 years ago, when EDI (Electronic Data Interchange) invoices were taken into use in the retail sector. Then the calculated return on investment (ROI) was negative and the project was suspended. The next attempt caused difficulties in implementation of matching of EDI invoices based on in-house developed functions in the ERP system. 2013 was the year when the third attempt to automate invoices in P2P process was made. The company has chosen in-house solution and the implementation project supported by OpusCapita will go on for 4 to 6 months.
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