As new Turkish e-Invoicing regulations come into force in January 2014, two leading service providers have partnered to bring world-class electronic invoicing to Turkey.
The alliance between OB10, the global e-Invoicing network that is part of Tungsten Corporation plc, and Digital Planet, Turkey's leading e-Invoicing solution provider, will enable companies to comply with the regulations and automate their invoicing processes.
Digital Planet, one of the first certified service providers in Turkey, helps companies that are required to adopt e-Invoicing to integrate with the government's new system without changing their invoicing flows.
OB10 enables companies to simplify their invoice processing, reduce operational costs and improve cash-flow management. As part of Tungsten Corporation, it also aims to offer invoice discounting to Turkish suppliers and generate substantial cost savings for buying organisations through spend analytics.
"Our partnership will help organisations meet their regulatory requirements and streamline their processes," said Edmund Truell, Group CEO at Tungsten Corporation. "Automated invoice processing also allows companies to take advantage of early payment discounts and improve payment performance."
"OB10 is a global giant in e-Invoicing and has been delivering purchase-to-pay automation solutions to the world's largest companies since 2000," said Digital Planet CEO Adnan Vural. "By presenting our services through a common platform, our alliance combines our local experience with global practices. We are proud that OB10 has chosen to work with Digital Planet after an extensive search in Turkey."
Through e-Invoicing, the Ministry of Finance aims to close the gap from lost taxation, while companies can strengthen their invoicing practices, invoice data analysis and supplier relations.