GXS to Host Members of Parliament, discussing Competitiveness of UK SMEs

Electronic commerce and electronic invoicing offer many benefits to SMEs including reduced printing and postage costs, improved customer service and an enhanced ability to secure new customers locally and abroad. GXS Freeway provides a platform for SMEs focused on B2B enabling these companies for increased local and international expansion opportunity.

At this invitation only event, GXS representatives will discuss how 2,300 small and medium size enterprises use GXS Freeway to conduct B2B e-commerce with larger national and multi-national corporate customers.

Preventing fraud using e-Invoicing and strict internal controls

Last year Danny Thompson wrote a blog post on how e-Invoicing is uniquely equipped to help companies prevent invoice fraud. A recent news story is a reminder of the need for robust internal processes to mitigate abuse.

Two AP employees at a telecommunications company manipulated the system to issue duplicate payments, defrauding the business of more than $900,000. That’s enough money to make a CFO need CPR, especially given the US-based Association of Certified Fraud Examiners’ estimate that organizations around the world lose 5% of their annual revenue to fraud. The good news is that much of this can be prevented using e-invoicing and strict internal controls.

Basware’s Alusta powers AP automation AND e-invoicing for over 2 million hospital invoices

Basware Alusta will power accounts payable automation and e-invoicing solutions to one of the largest nonprofit hospital systems in North America. Several Basware services will be delivered, such as invoice automation with matching for orders and plans. But also data analytics, mobile technology, a supplier portal, and e-invoicing receiving solutions. The agreed value of this deal is an estimated EUR 1.9 million for the next three years.

Basware Collects Green Supply Chain Award for the Fourth Consecutive Year

The award recognizes Basware’s industry leadership in helping companies reduce paper through e-invoicing and electronic processes. In addition to enabling sustainability, Basware’s solutions and services help companies gain critical visibility and control over finances, reduce costs and improve productivity.

Lambeth Council highly commended for best AP/AR Solution [Case study]

This year the Lambeth Council of London was highly commended by the Adam Smith Awards for the Best Working Capital Management/Financial Supply Chain/AP/AR Solution.

In November 2011 Lambeth Council implemented RBS’s electronic invoicing (e-invoicing) hub technology to transition to a completely paperless purchase-to-pay (P2P) system of working with its suppliers, from local to national suppliers. The solution is already delivering benefits in a number of areas.

Coca-Cola Partners with GXS to Collaborate with Major Foodstore Customers [Case study]

Coca-Cola Amatil’s customers can now send documents and messages in whatever format they require. GXS carries out all the necessary translation. The GXS Enterprise System handles traditional EDI message management as well as e-mail and cutting-edge Web services technology. At the other end, the GXS Application Integrator translates Coca-Cola Amatil’s flat message files into the EDI and XML forms used by the trading partners.

RICOH Facilitates Global Invoice Automation for Booking.com

Booking.com has grown rapidly since its founding in 1996 and continues to do so. The purpose of Booking.com is to allow their customers the most efficient and cost-effective way to search through the site and then let them book as easily as possible.

To facilitate this strong growth and at the same time relieve the pressure on the Accounts Payable team, Booking.com has partnered with Ricoh for the global automation of the entire process of invoice processing.

Itella Information is now OpusCapita!

From November 1st 2013 onwards, Itella information continues under the new name of OpusCapita. The name change is one element of their sharp focus on comprehensive financial automation services and solutions.

OpusCapita name is already well known and recognized in all the key markets, and has established itself as a value-adding element of their total offering. The new company name, dignifies their capabilities in the field of cash flow automation while communicating a comprehensive knowledge in financial process streamlining.

JP Morgan shuts down Xign; Tradeshift offers better dynamic discounting alternative

After the JPMorgan Chase decision to shutt down its Xign business unit, Tradeshift has formulated an dynamic discounting alternative. JPMorgan Chase bought Xign in 2007 but was not succesfull to add new customers to Xign’s dynamic discounting service.

Due to the end of Xign, the current customers that rely on Xign will have to find other solutions or shut down their dynamic discounting programs that rely on the Xign application.Thankfully Tradeshift has made this offer and landig page for these former Xign users. Packed with features.

Argentina AFIP Mandates Factura MTX E-Invoicing Effective 1 January 2014

Argentina announced 31 October 2013 that it would no longer support the “factura local” web service and would require companies to instead use the more detailed “factura MTX” web service instead, effective 1 January 2014. The local web service (also known as “sin details” or without line item level details) is a very high level summary of the invoice data containing “header” info only. The MTX web service contains this header level info as well as additional details at the line item level, including quantity, price and total amount for each item.