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OpenText Trading Grid e-Invoicing

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OpenText™ Trading Grid e-Invoicing is a cloud-based solution designed to automate electronic invoicing processes and ensure compliance with tax and e-invoicing regulations in over 45 countries. By eliminating the complexities associated with varying international regulations, it safeguards businesses from the risks posed by evolving mandates affecting Procure-to-Pay and Order-to-Cash workflows. Key Features and Functionality: - Global e-Invoicing Compliance: Adheres to current and anticipates future government tax and electronic invoicing regulations across more than 45 countries. - 100% Invoice Automation: Facilitates complete automation of invoice processes, including automatic provisioning of PDF invoices for SME customers and support for onboarding EDI-based partners. - e-Invoice Delivery: Supports delivery of invoices in PDF or structured formats through various legally permitted channels, such as email, secure portals, secure EDI protocols, the PEPPOL network, and government clearance portals. - Invoice Integrity and Authenticity: Ensures the authenticity and integrity of e-invoices by supporting country-specific digital signatures, EDI, and government clearance requirements. - Validation of Mandatory Invoice Data: Performs country-specific validation to ensure all required fields are present in invoices, complying with governmental regulatory requirements. - Archive and Audit: Provides archiving and audit access throughout mandatory retention periods, supporting advanced search, scheduled reports, and the ability to upload invoice evidence and export invoices for audit purposes. Primary Value and User Benefits: OpenText Trading Grid e-Invoicing streamlines the invoicing process, reducing errors and improving efficiency, which leads to lower processing costs. By automating invoice flows and integrating with internal business applications like ERP, SRM, CRM, finance, and treasury systems, it bridges existing silos within organizations. The solution accelerates invoice processing, helping businesses avoid late payment penalties, realize early payment discounts, reduce Days Sales Outstanding (DSO), and enhance relationships with customers and suppliers. Additionally, by eliminating paper-based invoicing, it supports corporate social responsibility initiatives by reducing carbon footprints.

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