E Invoicing Latest News, Events & Accountis Blog
Latest News & Events
Fundtech’s BBP Awarded “Best in Class” SWIFTReady Connectivity label from SWIFT
Jersey City, N.J., July 27, 2010. Fundtech Ltd. (NASDAQ: FNDT), a market leader in global transaction banking solutions and operator of one of the world’s largest SWIFT service bureaus, announced that its subsidiary BBP has received the SWIFTReady Connectivity label. This SWIFTReady label, which recognizes BBP as one of the ‘best in class’ shared connectivity providers, has currently been achieved by…Read Full Article
White Paper: How to Make Real Savings in AP Finance
In the current climate every business needs to make efficiency and cost savings. And there are many changes your finance department can make to help. But where do you start? We are pleased to present a new White Paper ‘How to Make Real Savings in AP Finance’ which looks at 5 key areas for improvement in Accounts Payables finance and is…Read Full Article
Free E Invoicing Seminar & Workshop - E Invoicing Essentials
Thursday 16th September 2010. Old Trafford Football Stadium, Manchester (includes stadium tour)This is a free, one day event and includes tea/coffee and buffet lunch.Click to download the event fyerWith benefits such as paper elimination, error reduction and 60% cost savings on processing, e-invoicing adoption amongst corporates is growing rapidy throughout Europe. E-invoicing, e-billing, AP automation and invoice imaging/scanning are terms that…Read Full Article
Mobile Bacs is Here
Use SMS messaging to reduce Direct Debit failures and approve submissions on the move with an iPhone or iPad AppIt is estimated that 23% of all time spent accessing the Internet is done on a mobile device1 and that smartphones, such as the iPhone, will account for seven out of 10 phones sold by 20122. We are therefore delighted to launch…Read Full Article
Eazy Collect Streamline Payments
Eazy Collect Services Ltd is a company who specialize in the provision of payment processing solutions for medium sized businesses to large corporates across many industry sectors. Eazy Collect provide Direct Debit (DD) bureau and facilities management services to any organizations that want to fully outsource their DD collections. Eazy Collect provide a full end to end DD service to their…Read Full Article
Virgin Trains Go Live With Accountis
Accountis is pleased to welcome Virgin Trains as a new customer. The leading UK train operator has replaced its paper-based supplier payment process with Bacsactive-IP Enterprise with Workflow Module. Instead of writing and posting cheques to suppliers, Virgin Trains finance staff now use Bacsactive-IP to send payments directly to their suppliers via Bacs – a process that is quicker, more efficient…Read Full Article
Fundtech Wins Award
Fundtech has been named one of the banking industry’s top technology innovators by Bank Technology News, the leading magazine for senior financial technology executives. The 2009 Annual Innovators Ranking recognized Fundtech for its industry-leadership and innovation in transaction banking, specifically with the development of its Global PAYplus™ Services Platform (SP). “Fundtech’s Global PAYplus-SP was selected because it allows banks to take…Read Full Article
E-billing isn’t Finance, it’s E-commerce
DHL uses the Accountis EIPP platform to deliver compliant e-invoices to all major European territories. Three years into the project we ask Brian Thumwood, e-Billing Programme Manager, to share some of his thoughts on their e-Billing service. DHL Case Study | DHL e-Billing Demo Q1. What has been the highlight of your project so far? The major highlight for me…Read Full Article
E-Invoicing in The Times
If you haven’t already seen it, The Times today includes a supplement entitled “e-money,” (produced by Raconteur) and includes a number of articles on electronic invoicing. It is great to see e-invoicing finally being discussed in the mainstream press.There are two articles discussing e-invoicing; the first ‘The hard road to electronic invoicing’ highlights the main issues facing our industry and the…Read Full Article
Not attending Sibos?
Register for a Video Webcast live from Hong Kong. Finextra, Fundtech and Microsoft bring you PaymentsLIVE! a complimentary 60-minute webcast, live from Sibos in Hong Kong on Monday, September 14, 2009. A panel of industry leaders will give their views on the most important topics and trends being discussed at the conference. You’ll get their opinions on the global and regional…Read Full Article
79% of Mid-Sized U.S. Banks See Credit Crunch as Opportunity
Fundtech Ltd. (NASDAQ: FNDT), a market leader in global transaction banking solutions, today released a report entitled “Bankers Speak – Trends and Insights in US Transaction Banking, which summarizes survey results from 80 mid-size U.S. banking executives. The survey uncovers the bankers’ opinions about the challenges and opportunities they see in the market today.Click here to read the full press release…Read Full Article
The Pensions Regulator Speed Up Payments with Paperless Direct Debits
Bacsactive-IP Enterprise replaces slow cheque processing with a faster, more efficient and cost-effective payments processThe UK Pensions Regulator, today announced that it is successfully using Bacsactive-IP Enterprise from Accountis Europe Ltd to automate and improve its levy payments process.Using Bacsactive-IP Enterprise with Direct Debit Web Collect and Workflow modules, customers can visit the Pensions Regulator’s website and make levy payments by…Read Full Article
Mears Introduces Efficiency Savings Using Bacsactive-IP from Accountis
Mears consolidates Bacs payment data to reduce manual input, speed-up transaction processing and improve visibility across multiple UK sites London UK, 14th July 2009: One of the UK’s leading social housing repairs and maintenance providers Mears Group has replaced its existing Bacstel-IP software with Bacsactive-IP Enterprise from Accountis Europe Ltd, a Fundtech company (NASDAQ: FNDT) and leading global provider of secure…Read Full Article
Fundtech Acquires InterSoftware Consolidating Bacs Payments Processing Market
7,600 corporate customers set to benefit from additional payments and EIPP servicesFundtech Ltd (NASDAQ: FNDT), a market leader in global transaction banking solutions, today announced the acquisition of InterSoftware (UK) Ltd, through its UK-based division Accountis Europe Ltd. The acquisition expands the company’s UK corporate payments customer base to 8,500, representing over one-third of all companies processing Bacs payments. These new…Read Full Article
Live Video Webcast: RBS to present Accountis EIPP Case Study
Fundtech will be hosting PaymentsLIVE!, a live video webcast at their annual International Client Forum in London on 31st March. ‘Transaction banking will never be the same’ will be the theme of this event featuring some of the industry’s top thought leaders in payments. The panel of experts will discuss how banking, and the payments business in particular, will change once…Read Full Article
Accountis E-Invoicing: DHL to eliminate 6 million paper invoices per year
DHL to save 2400 trees annually by promoting greener billing across Europe with its rapidly expanding e-Billing serviceLondon UK, 29th October, 2008: 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…Read Full Article
Fundtech Acquires Synergy Financial Systems
Expanding SWIFT Business into the U.K. Fundtech is now the world’s largest SWIFT service bureau providerFundtech 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…Read Full Article
E-Delivery Documents Speed Up Invoice Approval for DHL UK
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…Read Full Article
RBS and Accountis Announce E-Invoicing Partnership
Banks: Unlock A New Revenue Stream with EIPP On Tuesday we put out a press release announcing our partnership with The Royal Bank of Scotland. The release has been excellently received throughout the World, and thanks to everyone who has supported it over the past few days (Finextra, E-commerce Journal, Finance Tech….).What this announcement shows is that banks are now taking…Read Full Article
RBS and Accountis Announce E-Invoicing Partnership
RBS to resell Accountis’ e-invoicing service to corporate customersLondon UK, Tuesday 17th June , 2008: 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 Royal Bank of Scotland (“RBS”) to provide the bank with an RBS branded e-invoicing solution and service.The partnership deal enables RBS…Read Full Article
Accountis now part of the Fundtech family
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…Read Full Article
SEPA goes live!
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…Read Full Article
2008 – “The Year of the e-invoice”
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…Read Full Article
SEPA Offers Opportunities to Forward Thinking Corporates
Today, delegates from the IIR’s joint Electronic Invoicing and Single Euro Payment Area (SEPA) conferences came together, joined by Accountis customer DHL, to share e-invoicing experiences. On the brink of a huge step change in the payments world, the events provide a timely opportunity for delegates to question key members of the European Commission, European Central Bank and European Payments Council…Read Full Article
DHL Delivering E-Invoices Across Europe With Accountis
DHL introduce e-invoicing to improve efficiencies, cut costs and meet customer demands in Europe DHL, the global market leader of the international express and logistics industry, today shared its e-invoicing experiences with delegates at the EXPP European Summit 2007 in London. DHL is automating its accounts receivable (AR) processes across Europe with an e-invoicing solution from Accountis Europe Ltd, an international…Read Full Article
UK’s leading workplace service provider chooses Accountis
PHS is one of the UK’s leading workplace service providers, offering a diverse product and service portfolio from washroom services and water dispensers through to workwear and crate hire. The Group operate 48 regional service branches throughout England, Scotland, Wales and Northern Ireland dealing with 200,000 customers at over 250,000 locations. PHS have selected Accountis BACSactive-IP Enterprise with the Account Validation…Read Full Article
London Southend Airport Choose Accountis
London Southend Airport, on the brink of a major re-development to turn it into a new, easy to use low cost airport, is now running the Accountis BACSactive-IP On-line solution. Southend already handles European passenger and cargo services and is set to increase its flights and extend its range of destinations for both business and leisure passengers. Visit the London Southend…Read Full Article
Accountis Supports 3rd European EXPP Summit
Accountis Europe Ltd are once again delighted to support the European EXPP Summit in 2007. Following previous successful events in Zurich and Berlin, this year’s summit will be held at the Millennium Conference Centre, London on 10-11th September. Once again the event promises to bring together e-invoicing experts to discuss hot topics on EIPP implementation, legislation and to share case studies…Read Full Article
Secure E-Payments For UTV Radio GB
UTV Radio GB, part of the UTV Group, are live and processing e-payments with Accountis. UTV Radio is the fastest growing division of the UTV Group with 25 radio stations including the national radio station TalkSPORT and 18 local radio stations in the UK. The company are using the Accountis Core Platform and BACSactive-IP Enterprise HSM with Remittance and Workflow modules.Visit…Read Full Article
G4S Cash Services Use Accountis
Leading security company G4S Cash Services Limited, formerly known as Securicor Cash Services Limited, are now live and processing transactions with the Accountis system. G4S Cash Services are one of the UK’s leading providers of cash handling services to the retail, leisure and financial sectors. They specialise in the secure transportation and storage of cash and valuables, cash processing and a…Read Full Article
Accountis Web E-Payments Platform Gives Scottish and Southern Energy Easy Upgrade
Accountis, the leading supplier of software and managed service solutions for financial document exchange and payment systems, announced today that Scottish and Southern Energy (LSE - SSE), a FTSE100 company and one of the largest utility companies in the UK, has successfully expanded its use of the Accountis system to process payments for its “talk with” phone services and Blink broadband…Read Full Article
Real-time Account Validation for Jersey Telecom
Jersey Telecom have today gone live with the Accountis Account Validation payment module. Jersey Telecom, who provide cutting-edge telephone, broadband, mobile and network services, are using Account Validate to ensure that the customer bank account details they capture are valid. Account Validate is a powerful module which enables Jersey Telecom to verify customer bank sort codes and account numbers in real-time…Read Full Article
Accountis Hits 1 Million Transactions Per Day
Recent figures compiled from sources including VOCA have confirmed that the Accountis Core Platform is now processing more than 1 million transactions per day across its managed service and in-house enterprise solutions.Accountis, a leading provider of e-invoicing and payment solutions, entered the Electronic Invoicing Presentment and Payment (EIPP) market in 2002, and has grown exponentially to become a driving force in…Read Full Article
Secure Payments for Virgin Retail
Virgin Retail, who operate the Virgin Megastores banner, have chosen the Accountis Core Platform to process secure BACSTEL-IP transactions. Virgin Retail are now live and processing payments with BACSactive-IP Enterprise and Workflow module.
Pegasus Go Live with Accountis
Pegasus, specialists in providing highly innovative and functional financial and management business solutions to small and medium sized businesses is using Accountis to process BACSTEL-IP transactions. Pegasus has gone live using BACSactive-IP and is processing supplier payments and the monthly payroll with their own Opera II Enterprise SQL product.
DataCash Go Live With BACSactive-IP and Card Remittance System
Accountis today announced that DataCash has begun processing transactions with Accountis BACSactive-IP Bureau and Account Validate. Using the Accountis platform, DataCash have now migrated to BACSTEL-IP for all their BACS processing. Accountis BACSactive-IP Validate checks the validity of bank account details to eliminate errors in the Direct Credit and also Direct Debit set-ups process with BACS. DataCash is the UK market…Read Full Article
Accountis Software To Supply North Wales NHS Trust
Accountis, the leading supplier of software and managed service solutions for financial document exchange and payment systems, announced today that North West Wales NHS Trust has agreed to begin rolling out the Accountis Electronic Invoice Presentment and Payment (EIPP) Fully Managed Service Core Platform. The solution will assist the NHS Trust to streamline the management of its financial processes and further…Read Full Article
Coverpoint.biz To Exchange Documents Securely Using Accountis
Coverpoint.biz, leading insurance software specialists, have chosen Accountis to safely exchange insurance and financial documents with their global network of clients. Coverpoint.biz is a simple to use internet based tool that allows you (insurer, broker, agent) to quote, bind and manage insurance products in real time online. Adopting Coverpoint allows clients to put their products, schemes, and business online easily and…Read Full Article
Liverpool FC Choose Accountis
Accountis today welcomes Champions’ League winners Liverpool FC as a new client. Liverpool FC will be using the Accountis Core Platform with BACSactive-IP to upgrade to the new BACSTEL-IP service. Time is running out for companies to make the switch to BACSTEL-IP. All UK companies are required to upgrade to BACSTEL-IP by December 2005. Are you ready?
Accountis Tops List of BACSTEL-IP Entrants as Last Chance to Upgrade Approaches
With businesses and organisations across Britain upgrading their electronic payment systems to BACSTEL-IP, newcomer Accountis has been officially named as the leading entrant into the BACS market. The circa 100,000 business and organisations using the original BACSTEL-IP system now have less than a year to make the change. Wise firms who’ve already migrated and taken the opportunity to switch software suppliers…Read Full Article
Accountis Featured in Financial Times
Accountis, along with long-term EIPP clients WiSS, have been featured in an FT-IT article on e-invoicing. The article entitled “Keeping Account of Invoices” appeared in today’s issue, as part of a three-week series looking at IT for SMES. The article looks at how small businesses can benefit from making the switch from paper to electronic invoicing, using WiSS as a case…Read Full Article
Accountis in Global Finance Magazine
Accountis is pleased to feature in the current issue of Global Finance Magazine. In the article “Pushing Paper Aside” Accountis Commercial Director Dyfan Williams was invited to comment on the uptake of EIPP by small and large businesses. The article considers how Web-based EIPP services are enabling businesses to finally eliminate the costs and inefficiencies associated with paper-based invoicing.
Accountis Welcomes GlobalCollect as New Client
Accountis is pleased to welcome leading Payment Service Providers GlobalCollect on board as a new client. GlobalCollect provides international payment services for non face-to-face businesses including Internet, mail and telephone order. The company will be using the Accountis Core Platform with Managed Edition of BACSactive-IP Enterprise HSM.
Veolia Water UK Choose Accountis
Veolia Water UK, part of Veolia Water, the world leader in water and wastewater treatment, have chosen Accountis Core Platform with BACSactive-IP Enterprise HSM to process payments and collections.
Accountis Supports Top EBPP Event
Accountis will be joining SAP, Deutsche Post and other leaders in the field of e-billing and e-invoicing at the European EXPP Summit 2005. Focusing on latest developments in Europe, the summit’s objective is to identify and discuss areas with the potential for optimisation and cost saving in billing. The two-day event will be held in Zurich on 7-8th September and will…Read Full Article
Goodyear Dunlop Chooses Accountis
Accountis today announced that Goodyear Dunlop will be using the Accountis Core Platform with BACSactive-IP in 2005. Goodyear Dunlop is the latest UK top company to recognise Accountis as an industry leading solution.
Accountis Supports Launch of UBL (Version 1.0) as Oasis Standard
The Oasis international standards consortium today announced that its members have approved the Universal Business Language (UBL) version 1.0 as an OASIS Standard, a status that signifies the highest level of ratification. As a Member of Oasis, Accountis fully welcomes this approval and looks forward to promoting and developing UBL as the de facto standard for electronic financial document exchange.…Read Full Article
Resolution Holdings Choose Accountis for Paperless Direct Debits
CPI Services, the insurance arm of Resolution Holdings have used the Accountis Core Platform with BACSactive-IP to dramatically speed up their direct debit process. Simon Roland of Resolution Holdings said, “We wanted to reduce the amount of time our CSR’s spent manually setting up direct debit mandates. Now, customers can do it themselves online, saving us time and money. We have…Read Full Article
Thales and Accountis Enable Conwy Council to make Early BACSTEL-IP Migration
Thales and Accountis today announced that Conwy County Borough Council is using their combined solutions for BACS payment submissions. Through the implementation of the Thales PaySentry hardware security module (HSM) and Accountis BACSactive-IP, Conwy Council is taking the lead in migrating to the new highly regarded BACSTEL-IP service. As such it is benefiting from increased security and flexibility of BACSTEL-IP, as…Read Full Article
Accountis in the Press - Automating the Financial Supply Chain
Accountis is pleased to be featured in the Financial-i Magazine guide to ‘Automating the Financial Supply Chain’. This excellent supplement includes articles by Accountis, Delloitte, Shell and Deutsche Bank, covering a range of topics including The Business Case For E-Invoicing and Minimising Risk in E-Payments.
Accountis Joins OASIS
Accountis becomes a sponsor member of OASIS, the Organisation for the Advancement of Structured Information Standards. OASIS is a not-for-profit, international consortium that drives the development, convergence, and adoption of e-business standards.
Accountis Becomes New Name for Leading BACSTEL-IP Product Range
Accountis plc has incorporated the BACSactive-IP product range developed by its group subsidiary Payactive into the Accountis family of products. The incorporation is driven by the large number of companies requiring e-business solutions in addition to standard BACSTEL-IP solutions.
Accountis HSM Accreditation
Accountis receives accreditation from BACS for its Application Program Interface (API) for the BACSactive-IP product range using Thales HSMs. The HSM is a physically secure, tamperproof device that allows full end-to-end automation of your BACS activities and can also be used to increase the level of security in other parts of your business, e.g. secure document distribution.
