OB10 and Digital Planet Form E-invoicing Alliance in Turkey
Global electronic invoicing (e-invoicing) network OB10 and Turkish e-invoicing solutions provider Digital Planet have formed an alliance ahead of new regulations being introduced in Turkey next month that will require certain companies to adopt e-invoicing.
OB10 said that the alliance will assist companies in complying with the new regulations and automating 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. As part of Tungsten Corporation, OB10 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 chief executive (CEO) at Tungsten Corporation. “Automated invoice processing also allows companies to take advantage of early payment discounts and improve payment performance.”
Through e-invoicing, Turkey’s Ministry of Finance aims to close the gap from lost taxation, while companies can strengthen their invoicing practices, invoice data analysis and supplier relations.