Accountis has announced a multi-year agreement with The Royal Bank of Scotland (RBS) to provide the bank with an RBS branded e-invoicing solution and service. The partnership deal enables RBS to provide a VAT compliant e-invoicing service to their corporate customers. The company says that RBS customers who implement the service can replace paper-based processes with a faster, more efficient and environmentally friendly technology. The Accountis e-invoicing service provides status information, such as proof of delivery, acceptance, query and approval status for all documents involved in a business transaction from purchase order to invoice. The use of the bank e-invoicing service within the accounts receivables department is designed to provide corporates with improved operational efficiencies and quicker payments, reduced ‘days sales outstanding’ and reduced working capital requirements. It also facilitates the bank’s provision of invoice-based financing services.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
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