OB10, a UK-based subsidiary of Tungsten Corporation, has joined forces with Turkey-based e-Invoicing solution provider Digital Planet to allow companies meet the regulations and automate their e-invoicing processes.
According to OB10, Digital Planet will assist the companies that are required to adopt e-Invoicing to integrate with the government’s new system without changing their invoicing flows.
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OB10 said that it will enable the companies to simplify their invoice processing, reduce operational costs and improve cash-flow management.
Additionally, OB10 also expects to offer invoice discounting to Turkish suppliers and generate substantial cost savings for buying organisations through spend analytics.
With this e-Invoicing, the Ministry of Finance is planning to lock the gap resulted through lost taxation, while companies will strengthen their invoicing practises, invoice data analysis and supplier relations.
Tungsten Corporation CEO, Edmund Truell, said: "Our partnership will help organizations meet their regulatory requirements and streamline their processes. Automated invoice processing also allows companies to take advantage of early payment discounts and improve payment performance."
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By GlobalData
