Tieto enters Russian e-invoicing space

January 16, 2013  |  Asia, Electronic Invoicing, Europe

Tieto and Ruukki have agreed to begin issuing electronic invoices in Russia. Electronic invoicing at the Ruukki unit in Russia will be implemented through a service developed by Tieto and Russia-based company SKB Kontur. Ruukki is digitising its financial processes across all of its operations.

The expansion of electronic invoicing via Tieto to Russia is a continuation of this development.  And is now possible thanks to recent changes in Russian legislation in April of this year, when the Russian Ministry of Finance approved the latest necessary operational instructions for service providers.

As the last remaining obstacles preventing more efficient, cost-effective electronic accounting have been removed, electronic invoicing adoption is now expected to grow quickly.

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