Competitive pressures push businesses to new configurations of their value chains. Technological innovation and new legislation make it possible to extract significant value from areas, , hit her to considered of no consequence for the strategic positioning of the company.
Dematerialization of the Financial Value Chain and Straight Through Processing are key important examples.
Traditionally, commercial and financial relations between counterparts develop over 2 separate but parallel streams:
- a document flow, where action is taken to eliminate paper, a source of costs , risks and delays
- a management flow , which is automated to make faster and more secure the exchange processes, the recording and processing of information for operation
To improve performance, companies create new configurations of their B2B and B2G relationships based on electronic documents whcich use new models new paradigms, namely:
1. for the exchange of transactions and documents, use a trusted third party, independent, private and capable of assuring compliance with legal and fiscal obligations, requiring no investment and addressing the underlying complexity
2. access capabilities that go beyond the simple conveyance of information and allow the immediate integration of document flow management processes and accounting
3. control flows and activate collaboration with customers and suppliers
4. realize STP ( Straight Through Processing ) and integration with banking relationships (receipts, payments, reconciliations, activation of credit lines on simple presentation of orders and/or invoices), using the value of information to improve credit rating as per Basel II/III . Adapt to the new EU regulation of payment systems and migration to SEPA
5. realize the benefits arising from the use of digital documents in the wider network of companies, from large to SMEs and micro
6. facilitate the exchange of electronic documents with Public Administrations (central and local authorities ..more than 100,000 subjects for e-invoicing)
Ultimately, our mission is to provide the tools to implement essential changes mandated by the laws of the market.
For example…on H2H platform it is possible :
1. Issue and receive invoices for customers and suppliers and the PA
2. Automate integration with banks and accounting
3. Manage disputes between customers and suppliers
4. Manage receipts and payments
5. Automatically reconcile invoices and payments
6. Manage invoice financing with banks and Factoring
7. Access services of electronic filing and legal archiving
8. Manage the transition from paper to electronic
9. Ensure interoperability between all actors in the chain
