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17/10/08: Fighting the credit crunch with Paperless Direct Debits
07/10/08: 'Model B' Introduced at the European EXPP Summit
06/10/08: Another Successful EXPP Summit
03/10/08: Accountis Interviewed at Sibos Edit Link
Fundtech Wins Leaders in Innovation Award for e-Payments
12.12.08: Fundtech Ltd. (NASDAQ: FNDT), a market leader in global transaction banking solutions, announced that it has won the Financial-i Leaders in Innovation Award for e-Payments. The annual award is given to banks and vendors who are shaping the delivery of business solutions in wholesale transaction banking. According to Anita Hawser, Managing Editor of Financial-i, the leading journal for transaction banking: “The awards recognize those companies that demonstrate an ongoing commitment to innovation: Companies that have demonstrated over the last 12 months their ability to innovate, and the ability to use these solutions to solve specific business issues or concerns.”
DHL to eliminate 6 million paper invoices per year with e-Billing from Accountis
29.10.08: DHL, the global leader in the international express and logistics industry, today announced it plans to eliminate over one third of the 18 million paper invoices it sends out across Europe annually by 2010, thus saving approximately 2400 trees1 and 600 tonnes2 of C02 each year. DHL customers using the e-Billing service no longer need to receive their invoices on paper. They simply login to an online portal to view and approve them electronically. Accountis Ltd, a division of Fundtech (NASDAQ: FNDT) and leading global provider of secure financial document exchange and payment systems, has been working with DHL for two years developing their e-Billing capabilities, and will support their expansion into most major European territories by the end of this year.
Fundtech Acquires Synergy Financial Systems -- Expanding SWIFT Business into the U.K.
10.10.08: Fundtech Ltd. (NASDAQ: FNDT), a market leader in global transaction banking solutions, today announced the acquisition of Synergy Financial Systems Ltd., through its Swiss subsidiary BBP, making it the world's largest SWIFT service bureau operator based on transaction volume, with a client base of over 200 financial institutions.
Fundtech Introduces Global CASHplus - Transaction Banking Platform
10.09.08: Fundtech Ltd. (NASDAQ: FNDT), a market leader in global transaction banking solutions, announced the introduction of Global CASHplus (GCP), a new generation transaction banking platform that combines comprehensive global cash management with the full range of automated financial supply chain features. GCP is an extension of Fundtech's end-to-end-to-end (also referred to as E-to-E2) strategy, which expands the traditional boundaries of global end-to-end transaction banking to include corporate clients and their trading partners. With far more visibility into their clients working capital needs, banks are able to provide new services that deliver greater financial leverage through just-in-time cash.
Register Now For Faster Payments
05.08.08: This Autumn Accountis will begin testing for Faster Payments. If you are interested in Faster Payments and want to find out more, please visit our updated Faster Payments page. If you have a question on Faster Payments you can submit it using our online form. You can also use this form to register your interest in Faster Payments and we will email you with updates on our progress. To find out more read today’s entry on the Accountis EIPP Blog.
Visit our Faster Payments page to register
E-Delivery Documents Speed Up Invoice Approval for DHL UK
02.07.08: DHL, the global market leader of the international express and logistics industry, has added an electronic delivery document facility to their existing UK e-billing service to speed up the invoice approval process. It enables DHL staff and customers to view the key paper shipping documents in electronic format, after they have been invoiced. To view the shipping documents, users simply login to the DHL e-billing Portal, find the corresponding e-invoice, and click on a link in that e-invoice to open the shipping documents. Users can then check the original shipment documents for delivery details such as sender, receiver, contents and other key items of information. This visibility will help reduce the number of customer queries relating to deliveries and help speed up the approval and payment process. Like all DHL e-invoices, the e-delivery documents are stored and archived online and can be accessed in real-time, 24/7 via the DHL e-billing portal from any location.
Bankers Say Five Years or More to Recover Lost Revenue from SEPA
23.06.08: Fundtech Ltd. (NASDAQ: FNDT), a market leader in global corporate banking solutions, today announced the results of a survey it conducted among its European clients, which uncovered some strong opinions about the affects of SEPA on banks, as well their vision of future strategy related to mobile banking and EIPP. 61% of bankers surveyed see EIPP as both a revenue and cost saving opportunity. Survey participants see significant growth in the adoption of EIPP over the next three years. Thirty-eight percent say between a quarter and half of their customers will adopt the service, while 15% believe that over 50% will adopt it.
RBS and Accountis Announce E-Invoicing Partnership
17.06.08: Accountis Ltd, a Fundtech company (NASDAQ: FNDT) and leading global provider of secure financial document exchange and payment systems, today announced a multi-year agreement with The Royal Bank of Scotland (“RBS”) to provide the bank with an RBS branded e-invoicing solution and service. The partnership deal enables RBS to provide a VAT compliant e-invoicing service to their corporate customers. RBS customers who implement the service can replace slow and costly paper-based processes with a faster, more efficient and environmentally friendly technology.
Article: EIPP opportunities for banks
01.05.08: Written by Ifor Williams, Sales Director at Accountis, the article “EIPP: Extending Payments to the Full Cycle” looks at the opportunity e-invoicing holds for banks and how they can take advantage of it. “By combining billing services, specifically EIPP, with their existing transaction services, banks can deliver a unique and valuable end-to-end commercial service”. The article can currently be seen on GTNews.com.
Visit our Resources page to read the article
Accountis Supports European EXPP Summit 2008
29.04.08: Accountis is delighted to once again support the European EXPP Summit and Forum. This year the event will be held at the Sheraton Frankfurt Hotel & Towers, Conference Centre in Germany in September. The event brings together e-invoicing, ebilling and online invoicing experts from all over Europe to discuss the latest industry news and developments. The solution provider exhibition and conference is on 28th and 29th September. The E-Invoicing Operators forum is on October 1st.
Visit our Events page for more information
Accountis now part of the Fundtech family
07.02.08: Accountis is very happy to announce that it has now become part of the Fundtech family. With thirteen offices on four continents, Fundtech Ltd is a leading provider of software solutions and services to financial institutions around the world. The company develops and sells a broad array of products across the “financial supply chain” that enable banks to automate their corporate banking activities in order to improve efficiency, while providing their customers flexibility, convenience and control. Fundtech offers products in five business segments: payments, cash management, settlements, financial messaging, and post-trade securities settlement, and Accountis looks forward to adding to the company's capabilities in enabling the emerging financial supply chain.
For further details, click here
SEPA goes live!
30.01.08: The Single European Payments Area (SEPA) for credit transfers was launched this week, with the European Commission (EC) predicting potential savings of £268bn over the next six years. Businesses in the Eurozone (i.e. the 15 nations that use the euro currency) should start to see faster and cheaper payments as of 28th January, as the new “SEPA Credit Transfer” service is launched.
For further details, click here.
2008 – “The Year of the e-invoice”
24.01.08: We at Accountis have long been predicting that “2008 will be the year of the e-invoice” and it seems that Bruno Koch of Billentis is of the same opinion! In his latest edition of E-Invoicing Quarterly, Bruno reports that processed B2B volumes are expected to reach 610 million E-invoices in 2008, representing 4.1% of all European B2B invoices. This reflects the ever-growing number of companies signing up to the benefits of E-Invoicing – in 2006, this figure was just 240 million. Bruno also predicts that the strongest growth rates in the E-Invoicing market place will be seen in Sweden, Spain, Belgium, France, Poland and Portugal.
