Tieto and B2Boost to utilize ISO20022 e-invoice standard

June 1, 2011  |  Electronic Invoicing

Tieto and B2Boost, an integration service provider based in Belgium, have established a partnership that will enable the extended exchange of electronic supply chain documents between the companies’ customers and their business partners.

The interoperability solution is based on the ISO20022 e-invoice standard, the Universal Financial Industry Message Scheme. This standard will make international e-invoicing simpler and more effective by improving the content quality and reducing user costs.

Tieto offers businesses a standardized and ISO20022-compliant e-invoicing service capable of both sending and receiving invoices. Existing e-invoicing customers do not need to change their operations; the e-invoicing service will automatically perform any conversions required by the ISO20022 e-invoicing standard.

“It is my pleasure to announce our partnership with B2Boost. This partnership is allowing extended reach for customers who are active in the Benelux countries, especially in the telecom and retail industries”, says Tapani Turunen, Development Director, Tieto, Value Networks. “Tieto considers it important to apply and support the use of ISO20022 e-invoice standard. It forms a solid foundation for digitalizing business transactions in international partnerships”.

“Through our partnership with Tieto, B2Boost significantly enhances its customer connectivity, providing easy and rapid access to many new trading partners across Europe”, says Lynn Nicholson, Business Development Director, B2Boost. “We believe strongly that interoperability and standardization initiatives such as ISO20022 are the future of business integration and are proud to contribute to this open network model through our partnership with Tieto.”


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