Belgian banks Dexia and KBC are piloting a new e-invoicing system for consolidating corporate and consumer payment information flows.
The Zoomit system, developed jointly by LogicaCMG and Brussels-based banking tech specialist Isabel, has been designed to ease the billing process for consumers and corporates, by linking payments with their underlying invoices and other documents, including contracts and payslips, via a single Internet gateway.
Rudi Peeters, marketing director at KBC, says the introduction of the system has enabled the bank to re-evaluate its existing e-banking services while complying with forthcoming standards for a Single Euro Payments Area (Sepa).
"With more and more of our customers using e-banking as their preferred method of dealing with their finances, expanding the capabilities of our e-services with Zoomit is really adding value which results in cost and efficiency savings."
For corporate customers Zoomit reduces the cost of paper processing and improves the accounts payable management process, he says, fully integrating with existing Enterprise Resource Planning and accounting solutions. For the consumer, the main benefit lies in the provision of a streamlined financial portal.