The IKB Leasing Group, a leasing company operating in nine European countries, has signed up to the legally compliant e-invoicing services from Crossgate. It gives the company an alternative to outgoing printed invoices. In future, outgoing invoices will be signed and sent as PDF documents to customers of the IKB Leasing Group via Crossgate’s Business Ready Network, the transaction platform that already integrates more than 40,000 business partners.
The original invoices are stored in the e-Box, a multilingual archive with web access and complete audit-compliance. Business partners can optionally select to have invoice data sent directly as EDI records to their in-house enterprise resource planning (ERP) system. In this way, the Crossgate solution can be adapted to customers’ requirements in a flash. In future, IKB Leasing’s French subsidiary will process its annual volume of more than 54,000 invoices via the Crossgate platform. By digitalising the invoice process, the IKB Leasing Group aims to lower its process costs and speed up exchanges of invoice data.
Jürgen Glasmeyer, application manager IT of the IKB Leasing Group, said: “True to our company’s international orientation, we wanted an e-invoicing-solution that not only perfectly meets country-specific legal requirements from the start, but one that could also take into account our partners’ various IT requirements. In view of this, the flexibility offered by an invoice produced both as a PDF document and a structured EDI record tipped the scales in favour of Crossgate. Similarly, the multilingual archive system greatly impressed us. The Crossgate solution perfectly matches the individual requirements of our business partners.”
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.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.