StreamServe Sets Industry Standard for Creation and Distribution of Custom Invoices Throughout Europe.BURLINGTON, Mass. -- StreamServe EU-Invoicing is first solution to solve complexities of EU invoicing Directive, enabling organizations to combine paper and e-invoicing initiatives StreamServe(R) Inc., the global leader in Enterprise Document Presentment presentment: see indictment. (EDP (Electronic Data Processing) The first name used for the computer field. EDP - Electronic Data Processing ), today announced the release of its EU-Invoicing software, a solution designed to handle the billions of invoices that are created and distributed annually throughout Europe. StreamServe EU-Invoicing(TM) permits organizations in nine EU countries and Norway to ensure invoice authenticity and integrity in compliance with the 2001 European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community Invoice Directive (2001/115/EC). The EU countries that are currently supported by StreamServe EU-Invoicing are Belgium, Denmark, Finland, France, Germany, Ireland, Sweden, The Netherlands and the United Kingdom. StreamServe will continue to add EU member states that are supported by this solution. With StreamServe EU-Invoicing, organizations can more effectively manage cross border distribution of invoices while also slashing slash·ing adj. 1. Bitingly critical or satiric: slashing wit. 2. Dashing; pelting: a slashing hailstorm. 3. costs by 60 percent or more. StreamServe EU-invoicing is the first solution that enables organizations to choose between paper and electronic invoices using the same business process. This flexibility substantially streamlines the billing process and permits an easy transition from paper- based invoicing to e-invoicing, StreamServe's advanced customization options also make it possible for invoices to be used more effectively for targeted customer communications, which can help speed up the invoicing process and improve cash flow. The potential costs savings are quantifiable Quantifiable Can be expressed as a number. The results of quantifiable psychological tests can be translated into numerical values, or scores. Mentioned in: Psychological Tests and significant. The Gartner Group (company) Gartner Group - One of the biggest IT industry research firms. Address: Connecticut, USA. has estimated that the average company sends out 75,000 invoices per month, and that electronic invoices are 60 percent cheaper to produce and distribute than paper-based invoices, $5 to $2. "By providing the ability to comply with the Danish E-invoicing Directive and to send e-invoices and paper invoices from the same business process, we have the flexibility to provide customers with invoices in any format via any channel they prefer," said Eric Balslev, product manager at TDC TDC Top Dead Center TDC Time-to-Digital Converter TDC Tabular Data Control TDC Total Development Cost TDC Texas Department of Corrections TDC The Discovery Channel TDC Torpedo Data Computer TDC Theater Deployable Communications , one of Europe's leading telecommunications provider. "That enables us to take advantage of the cost savings that result from e-invoicing, and it helps us nurture NURTURE. The act of taking care of children and educating them: the right to the nurture of children generally belongs to the father till the child shall arrive at the age of fourteen years, and not longer. Till then, he is guardian by nurture. Co. Litt. 38 b. our customer relationships." The solution has the necessary base components to support both types of electronic signatures needed to comply with requirements, Advanced Electronic Signatures and Qualified Electronic Signatures. The StreamServe solution uses VAT (Value Added Tax value added tax n (BRIT) → impuesto sobre el valor añadido or agregado (LAM) value added tax n (Brit ) numbers to apply the correct digital signature. It also offers an archiving solution that can be tailored to meet invoice storage requirements. StreamServe CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Chris Stone commented, "We are proud that StreamServe is the first company to provide such high levels of flexibility for enabling companies to comply with the complexities of the EU-Invoicing Directive. Organizations have been begging for the ability to handle both paper based and electronic invoices in the same system. "We see Europe as the forefront of a new invoicing age and envision that this will soon be a global issue as well." About StreamServe StreamServe Enterprise Document Presentment (EDP) software enables the world's leading companies to communicate effectively with their customers, partners and suppliers through the automated creation and presentment of documents in any format and channel. StreamServe's EDP solutions enable more than 4,200 customers in 130 countries to present a full range of interactive, electronic and print-based documents generated by enterprise applications. Customers include leading global companies such as Bayer, BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. , China Light & Power, Circuit City, DaimlerChrysler Bank and ING. StreamServe is headquartered in Burlington, MA, and has 15 offices worldwide. StreamServe(R), the StreamServe logo, StreamServe EDP, and" How Does Your Company Present itself?" are all trademarks of StreamServe Inc. Some software products marketed by StreamServe Inc. and its distributors contain proprietary software components of other software vendors. Other marks are trademarks or registered trademarks of their respective holders. (C)StreamServe Inc. 2005 |
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