OpenText's Business Cloud and E-Invoicing
Platform simplifies e-invoicing for global mid-sized
business
WATERLOO, ON, April 2,
2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX:
OTEX), the information company, today announced that it has been
selected by Coroplast Group, a leading manufacturer in the fields
of Technical Adhesive Tapes, Wires & Cables, and Wire
Harnesses, as its e-invoicing provider for Poland. OpenText's e-invoicing solutions will
empower the growing global company to confidently manage mandatory
governmental requirements in Poland, partnering toward the goals of a
seamless connection to the Polish KSeF-portal and compliance with
the local mandate.
As part of the European Commission's universal e-invoicing
mandate (ViDA), businesses operating in Poland must comply and establish the necessary
infrastructure. With OpenText as its e-invoicing provider,
Coroplast Group can feel confident in its compliance while also
reaping the benefits of the platform, such as streamlined document
processing, real-time invoice information for business management,
and expedited VAT returns.
"As our company grows worldwide, it can be tricky to understand
and follow the various mandates in each new market," said
Astrid Hasen, Teamlead SAP FI/CO at
Coroplast Group. "With OpenText's help, we are confident that we
now meet the electronic invoicing requirements not only in
Poland but also in other
countries. This ensures not only our compliance but also provides
our teams access to a world-class user-friendly invoicing platform
that makes our processes more efficient."
Coroplast Group's decision to partner with OpenText is based on
the robust capabilities of OpenText's Business Network Cloud
Foundation. This innovative solution offers a lean and adaptable
approach, especially suited for companies venturing into managed
services. This strategic move aligns seamlessly with the evolving
landscape of digital transformation, empowering mid-sized companies
like Coroplast Group to efficiently manage their electronic data
interchange (EDI) and e-invoicing processes.
"As a leader in supply chain optimization, we are committed to
helping businesses meet the growing global e-invoicing mandates,"
said Muhi Majzoub, EVP & Chief Product Officer at OpenText. "In
today's fast-paced global economy, complying with ever-changing
regulations can be a challenging and time-consuming task for many
companies. OpenText is here to take the pressure off businesses by
offering trustworthy and flexible e-invoicing solutions. Our goal
is not only to meet regulatory requirements but also to provide
valuable real-time insights that will revolutionize the future of
business."
OpenText's Business Cloud and E-Invoicing Platform is a
cloud-based electronic invoicing solution that helps businesses
reduce operational costs, comply with regulations, and
increase process efficiency. The platform offers a broad set of
solutions to support electronic invoicing, including OpenText™
Active Invoices with Compliance and OpenText™ Business Network
Cloud Foundation. These solutions simplify e-Invoicing compliance
to meet regulations in more than 48 countries and provide B2B
integration for small and mid-sized businesses. With OpenText's
Business Cloud and E-Invoicing Platform, businesses can reduce the
time spent on invoicing, minimize invoicing errors, expedite
payment, and enhance customer satisfaction.
Additional Resources:
- Stay up to date on new global developments and trends in the
field of e-invoicing by watching our webinar on demand series.
- Check out our German E-Invoicing blogs.
- Discover our e-invoicing solutions and offerings.
To learn more about OpenText™ Business Network Cloud Enterprise
read here.
About Coroplast Group
The Coroplast Group is a globally successful, independent,
family-run company managed in the third generation by Natalie
Mekelburger as President and CEO. Over its 95-year history, the
company has evolved from a local manufacturer of electrical
insulation materials to a global player and technology leader in
the fields of Technical Adhesive Tapes, Wires & Cables, and
Wire Harnesses. Visit our website to learn more.
About OpenText
OpenText, The Information Company™, enables organizations to gain
insight through market leading information management solutions,
powered by OpenText Cloud Editions. For more information about
OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com.
Connect with us:
OpenText CEO Mark Barrenechea's
blog
Twitter | LinkedIn
Certain statements in this press release may contain words
considered forward-looking statements or information under
applicable securities laws. These statements are based on
OpenText's current expectations, estimates, forecasts and
projections about the operating environment, economies, and markets
in which the company operates. These statements are subject to
important assumptions, risks and uncertainties that are difficult
to predict, and the actual outcome may be materially different.
OpenText's assumptions, although considered reasonable by the
company at the date of this press release, may prove to be
inaccurate and consequently its actual results could differ
materially from the expectations set out herein. For additional
information with respect to risks and other factors which could
occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports
on Form 10-Q and other securities filings with the SEC and other
securities regulators. Unless otherwise required by applicable
securities laws, OpenText disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events, or otherwise.
Copyright © 2024 OpenText. All Rights Reserved. Trademarks owned
by OpenText. One or more patents may cover this product(s). For
more information, please visit
https://www.opentext.com/patents.
OTEX-G
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SOURCE Open Text Corporation