Royal Bank of Scotland has gone to Accountis to enable it to
provide an RBS branded
e-invoicing service to customers.
The multi-year partnership enables RBS to provide a
VAT-compliant
e-invoicing service to its corporate customers. RBS said
customers who implement the service can replace slow and costly
paper-based processes with a faster, more efficient and
environmentally friendly technology.
The Accountis e-invoicing service provides detailed status
information, such as proof of delivery, acceptance, and query and
approval status for all documents involved in a business
transaction from the purchase order to the invoice.
RBS said the service provides real-time dispute management that
enables customers to optimise the speed with which exceptions are
resolved.
The detailed reporting on the status of business transactions
provides greater visibility of the financial supply chain and
enables corporates to optimise their working capital requirements,
it said.
Ian Watkinson, head of e-invoicing at RBS, said, "For our
customers we see e-invoicing as a fast-track to saving time and
money. In addition to eliminating paper and automating manual
processes, users of the service will quickly benefit from real-time
document management, faster settlements and better working capital
optimisation."
He added, "We see e-invoicing as a strategic addition to our
existing product portfolio. By offering additional transaction
services such as e-invoice delivery, we will gain greater
visibility of our customer's end-to-end, financial supply chain
transactions.
"This will help us improve our understanding of their business
and strengthen our long-term relationship. It also places us in a
better position to offer additional services such as supplier
finance provisions and other innovative finance arrangements."