LONDON, March 27, 2014 /PRNewswire/ --
Organisations in Brazil to achieve straight-through invoice processing with leading e-Invoicing service providers
OB10, the global e-Invoicing network that is part of Tungsten Corporation plc, now delivers compliant e-Invoicing in Brazil through its partnership with Comprova, an officially accredited Brazilian certification service provider and digital signature platform.
Brazil is a leader in e-Invoicing with a government mandate and market accustomed to automated invoice technology. In addition to complying with the complexity of tax and e-Invoicing regulations, companies are looking to streamline their invoice processing. The strategic alliance with Comprova enables OB10 to meet the demands of its customers, and deliver compliant e-Invoicing and straight-through processing to businesses operating in Brazil.
"We are delighted to add Brazil to our list of compliant countries and offer unparalleled e-Invoicing services to the biggest market in Latin America," says Edmund Truell, Group CEO, Tungsten Corporation. "Brazil represents a huge and lucrative opportunity for our customers, many of whom are ready to start transacting with their Brazilian suppliers immediately. We are focused on giving our clients what they want to help them reduce costs and simplify their invoice processing."
"As the first organisation to offer legal proof for electronic transactions in Brazil, Comprova is thrilled to partner with OB10, one of the world's leading providers of invoice automation solutions," says Marcos Nader, President at Comprova. "Combing our local expertise with OB10's trading network and global customer base will enable even more companies to do business in Brazil and capitalise from the benefits of e-Invoicing."
Compliant in 44 countries across Europe, the Americas and Asia, OB10 can reduce invoice-processing costs by 60% and deliver an ROI in less than a year.
Tungsten Corporation's OB10 network connects some of the world's largest companies and government agencies to their thousands of suppliers around the globe. It processes transactions worth over $180 billion per year for organisations such as Aviva, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, IBM, Kellogg's, US Federal Government, Tesco and Whirlpool.
Tungsten Corporation offers supply chain financing to suppliers on the OB10 network and helps organisations profit by applying innovative spend analytics to its vast repository of invoice data.
Sandra Higgison, Head of Global Communications