Cost savings thanks to Swisscom IT Services' eInvoicing solution
27 August 2003
The new paperless invoice will bring cost savings to invoicing departments and recipients alike as the current process of printing, packaging and mailing paper invoices is eliminated. With eInvoicing, invoices are sent directly to the recipient in electronic form, triggering the entire approval, booking and archiving process. The solution complies with the provisions of the Federal Department of Finance (FEF) concerning electronically transmitted data and information (ElDI-V).
Invoices delivered via the Conextrade marketplace carry a digital signature and the receipts that are drawn up provide a basis for prior VAT deduction. The new solution from Swisscom IT Services will relieve invoicing departments of the time-consuming procedures involved in registration and certification.
eInvoicing can be combined with Conextrade's existing e-Procurement services. This will enable Conextrade partners to benefit for the first time from a fully electronic procurement process - from ordering right through to billing. The solution contains a number of options for connecting financial and merchandising systems. Solutions based on the ASP model allow the trading services to be used without the need to invest in a new infrastructure.
Over 300 trading partners are currently connected to Conextrade, today's leading B2B platform. As well as paperless and electronic invoicing, the platform also offers services in the field of e-Procurement, catalogue management and document clearing.
Through targeted expansion of its eTrade solutions, Swisscom IT Services Ltd, one of the leading full-service IT providers in Switzerland, has consolidated its position as a provider of e-Business solutions. The company's eTrade solution specialists possess a wealth of know-how in enterprise resource planning (ERP), e-Procurement, marketplace software, transaction management, interface design and programming, and process and supply chain management.