Leading Frozen Food Manufacturer Expands Its Partnership with OpenText Active Invoices with Compliance
WATERLOO, Ontario, June 15, 2017 /CNW/ -- OpenText™ (NASDAQ: OTEX,TSX: OTEX), a global leader in Enterprise Information Management (EIM), today announced that Davigel, a leading provider of branded frozen and chilled food products, has selected OpenText to manage critical invoice compliancy with its customers. Using OpenText Active Invoices with Compliance, the company can now automate time-consuming invoicing processes to cut processing times, simplify workflows, and assist with compliance.
Previously owned by Nestlé, Davigel was acquired by the London-based Brakes Group in 2015. Following the acquisition, Davigel selected OpenText Managed Services to migrate their trading partner community of customers and logistics providers from Nestlé to its own B2B trading platform without any limiting business disruption and project risk. Building on the success of its B2B project, Davigel has expanded its relationship with OpenText to deploy a secure e-billing solution with OpenText Active Invoices with Compliance.
"OpenText is a trusted partner, and the success of our existing project is the proof," said Paul Lavoquet, CIO, BCED. "We were looking for a reliable partner offering a single solution to maintain compliance for electronic billing with our customers located mainly in France and in a 12-month term with our customers based out of France."
A key factor in electronic billing is ensuring that each generated invoice is compliant with local regulations, and it is a complex challenge for businesses. With approximately 120,000 invoices issued per year in France across the commercial, social and airline catering sectors, OpenText helped Davigel to ensure compliance at a fiscal level according to the French law.
"Every country in the world has legislation to regulate electronic invoicing. While regulations are often similar in purpose, the specific requirements can vary significantly by country," said Lavoquet. "Data archiving requirements vary between six to eleven years depending on which countries are involved with the invoice. For Davigel, doing business with customers in different countries which have VAT, the challenges are multiplied as we must manage country-specific VAT, security, and archiving requirements for every country we support. OpenText Active Invoices with Compliance helped us to achieve these expectations."
OpenText™ Active Invoices with Compliance is an e-Invoicing compliance solution, which provides organizations with the capabilities to automate e-Invoicing and compliance in more than 45 countries. Compatible with OpenText B2B Managed Services, Active Invoices with Compliance supports data validation, digital signatures, archiving and delivery. A simple, intuitive web portal provides access for any employees and auditors who must access the archive.
OpenText enables the digital world, creating a better way for organizations to work with information, on premises or in the cloud. For more information about OpenText (NASDAQ: OTEX,TSX: OTEX) visit opentext.com.
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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For further information: Further information: Robin Lane, OpenText, +1 (301) 340 4277, [email protected], http://www.OpenText.com