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.
About OpenText
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.
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considered forward-looking statements or information under
applicable securities laws. These statements are based on
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in which the company operates. These statements are subject to
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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
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update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
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trademark or registered trademark of Open Text SA and/or Open Text
ULC. The list of trademarks is not exhaustive of other trademarks.
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