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Archive for Europe

Basware takes of with full service e-invoicing deal for Botnia Mill Service

Basware 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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Major European Energy Supplier selects eFLOW

Major European Energy Supplier selects eFLOW

January 3, 2014  |  Europe, Invoice Automation

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.

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Descartes acquires Compudata, a Swiss B2B supply chain integration and e-invoicing provider for USD 17.9mln

After 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.

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Jewelry company and hospital choose Basware, covering over 2.5 million invoices

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.

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Philips goes green with electronic invoicing [Case Study]

December 9, 2013  |  Electronic Invoicing, Europe

Lode 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.”

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Is it worth to implement e-invoices and invoice automation in Poland? A case study

December 9, 2013  |  Adoption, Europe, Invoice Automation

This 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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Portugal mandates use of certified electronic invoicing software

On November 22, 2013, the Portugese Ministry of Finance published Ordinance Nº 340/2013. The ordinance includes modifications to the certification process for electronic billing software and solutions.
As of now all e-invoicing software must be audited and certified by the Portugese Tax Authority: the Direcção Geral de Contribuições e Impostos (the DGCI). That said, all proprietary software will no longer be considered valid without proper certification. Even if it follows the XML file construction criteria with inclusion of the mandatory fields proposed by the tax authorities!

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The status on Spanish E-Invoicing – A Step Closer to Paperless Administration

The Spanish Ministro de Hacienda y Administraciones Públicas (Ministry of Finance and Public Administration) issued a nice communication on the status of e-invoicing in Spain. The communication provides us with a general introduction to Spanish e-invocing, their position on e-invoicing formats, the current Spanish e-invoicing legislation, the General e-Invoice Entry Point (FACe) and the way Spain is to mandate B2G electronic invoicing.

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InvoiceSharing connects with SimplerInvoicing to stimulate e-invoicing

InvoiceSharing is announced as the latest member of the SimplerInvoicing network of 15 Dutch software companies and e-invoicing service providers. The primary aim of the collaboration is to realize a broad acceptance, standardisation and, as a result, implementation of e-invoicing. By joining forces, the use of electronic invoices becomes easier for any organisation.
InvoiceSharing believes in the end of paper invoices and combines unique technology with a disruptive business model. InvoiceSharing is developing a platform where anybody can send and receive free electronic invoices.

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Coolblue Selects Top Image Systems for AP Automation of 80.000 invoices

November 28, 2013  |  Europe, Invoice Automation

CoolBlue needed one uniform system that would replace manual data entry, matching, routing and other routine tasks with an automated process. CoolBlue also needed a system that would work both with their customized logistic system as well as with the two different financial systems they employ - a finance system in which they process their supply chain and an accounting system where they manage invoices without POs.

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