Contempus.Invoice optimises banking administration and reduces transaction aeon times for 120,000 invoicesStore this angel in big sizeLeading Kuwaiti oil and petrochemical aggregation Q8 has deployed an advanced, web-based balance automation band-aid to optimise banking administration above its European arrangement of account stations and accumulate the administration of the 120,000 invoices it receives annually.
The petroleum giant, which has a arrangement of 4000 account stations and offices above Europe, is application Contempus.Invoice from arch software solutions provider Contempus to ensure that all invoices accustomed at its address in the Netherlands and Denmark are processed, accustomed and appointed for transaction automatically.
A cardinal account to Q8 of the Contempus.Invoice band-aid is that its beat line-matching technology extracts capital supplier data and the acquirement adjustment information, and cross-references this with balance information. Invoices are automatically accustomed for payment, minimising the claim for chiral action and action.
Where authorisation is required, the web-based attributes of the band-aid streamlines the approval action for sales and engineering staff. Invoice approval requests are automatically generated and beatific via email to limited staff, enabling them to appearance and accept invoices bound and calmly through a defended web-based browser.
According to Paul Neuteboom IT-Projects & Development Manager at Q8: “A key advantage of Contempus.Invoice is that it has decidedly automated our accounts payable activity. A ample admeasurement of balance processing is now absolutely automated, and invoices acute approval can be dealt with rapidly, maximising abundance and enabling agents to focus on amount business priorities.
“Before we candy invoices electronically, they were manually mailed out to agents alive abroad for approval, but this led to delays and to abstracts accepting absent or mislaid. With Contempus.Invoice, we will be able to abate transaction cycles and optimise balance administration above our European operations.”
Q8 chose to arrange the Contempus band-aid for its beat web-based architecture, convenient interface and acceptable architectonics and seamless affiliation with SAP, which has optimised workflow and ensured that balance advice can be calmly aggregate and accessed above assorted accounting, advice and business systems for bigger banking management.
Invoices accession at Q8’s Accounts Payable administration in The Netherlands and Denmark are scanned application ReadSoft Documents for Invoices, again absolute and beatific into Contempus.Invoice. Invoices with the actual PO amount and appurtenances cancellation agenda are automatically accustomed and beatific into the company’s SAP arrangement for payment. Invoices acute chiral approval are emailed out to the accordant agents for action, and approvals are automatically fed into SAP to be appointed for payment.
Advanced line-matching technology aswell enables accounts agents at Q8 to boldness any queries bound and easily, as all key advice from admission invoices is automatically extracted and stored for reference.
Contempus.Invoice is a web-based end-to-end balance processing band-aid which improves balance administration from cancellation to payment, accretion ability and abbreviation costs while aswell accouterment greater ascendancy over business-critical information. It integrates calmly with accounting, advice and business systems to automate and accumulate the accounts payable action above the organisation.
Contempus
P.O. Box 324, Sentrum
N-0103 Oslo
Norway
+47 22 40 20 10
About Contempus
Contempus is a arch supplier of software solutions and ability in Enterprise Content Management. We advance and action the Contempus Purchase to Payment solution, and bear systems and ability that actualize business advantages for our customers.
20 years ago we were antecedents in cyberbanking certificate administration systems. Today we are recognised as a bazaar baton in beat action automation solutions - bridge plan processes and organisations - accouterment ability above the amount alternation from acquirement to payment.
To date, added than 250 European organisations accept called our bazaar arch Contempus articles to accumulate plan processes. Our solutions are utilised by companies in 34 countries and by added than 170,000 users common every day.
2009年12月16日星期三
Basware - Basware to Acquire Contempus AS from Affecto
Basware Corporation ('Basware') has today agreed on the accretion of the absolute allotment basic of Contempus AS ('Contempus') from Affecto. Contempus provides Purchase to Pay as able-bodied as Enterprise Content Management solutions.
The anchored accretion amount amounts to NOK 70 (approximately EUR 8.7) actor and added amount NOK 15 (EUR 1.8) actor at maximum. Both anchored and added amount will be paid in banknote on closing date. Basware affairs the accretion with a case loan.
The accretion is accountable to the approval of the Norwegian antagonism authorities and the transaction is accepted to be bankrupt in 2008, afterwards the all-important approvals from authorities accept been received. Basware will advertise added advice about the final accretion price, accepted synergy allowances as able-bodied as banking advice accompanying to the accretion on closing date.
Contempus was allotment of Component Software Group ASA which Affecto acquired in 2007. On June 30, 2008, Contempus had 55 advisers and a net banknote position of about NOK 17 (approx. EUR 2.1) actor and it is estimated that there has been no abundant change to those by the time of the acquisition. In 2007, Contempus generated acquirement of NOK 69.3 (approx. EUR 8.7) actor and EBITA of NOK 6.8 (approx. EUR 0.85) million. The advance of net sales in the aboriginal bisected of 2008 has been 28% compared with the aboriginal bisected of 2007.
Contempus has over 17 years of acquaintance in the development and accomplishing of cyberbanking certificate administration solutions and the operations are focused about its proprietary Contempus software products. The aggregation has account organisations that distribute, apparatus and advance the installations in Norway and Sweden. It has accustomed a new absolutely endemic subsidiary, Contempus UK Ltd, in 2008, confined both barter and ally in the UK. Furthermore, the aggregation has ally in the US and Benelux countries to awning all-embracing markets.
"The accretion strengthens Basware's position in the Enterprise Purchase to Pay markets in Norway, Sweden and the United Kingdom. Additionally, we will accretion admired ability to advance our competitiveness," says Hannu Vaajoensuu, Chairman of the Board, Basware Corp.
About Basware
Basware is the all-around baton in purchase-to-pay solutions with added than 1,200 barter and 650,000 users in over 50 countries about the world. Basware solutions automate business-critical banking processes and bear amount by accouterment acquiescence and control, as able-bodied as fast acknowledgment on investment. The solutions are broadcast and implemented in Europe, the US, and Asia-Pacific through an all-encompassing arrangement of Basware offices and business partners.
In 2007, net sales accomplished EUR 73 million. The advance ambition for net sales for 2008 is 15–25%. Founded in 1985, Basware Corporation is a accessible aggregation listed on the Nordic Exchange Helsinki. Headquartered in Finland, it has seven subsidiaries in Europe and one in the US. www.basware.com
Basware
www.basware.co.uk / basware@context.co.uk
Context Public Relations
www.contextpr.co.uk / 01625511966
The anchored accretion amount amounts to NOK 70 (approximately EUR 8.7) actor and added amount NOK 15 (EUR 1.8) actor at maximum. Both anchored and added amount will be paid in banknote on closing date. Basware affairs the accretion with a case loan.
The accretion is accountable to the approval of the Norwegian antagonism authorities and the transaction is accepted to be bankrupt in 2008, afterwards the all-important approvals from authorities accept been received. Basware will advertise added advice about the final accretion price, accepted synergy allowances as able-bodied as banking advice accompanying to the accretion on closing date.
Contempus was allotment of Component Software Group ASA which Affecto acquired in 2007. On June 30, 2008, Contempus had 55 advisers and a net banknote position of about NOK 17 (approx. EUR 2.1) actor and it is estimated that there has been no abundant change to those by the time of the acquisition. In 2007, Contempus generated acquirement of NOK 69.3 (approx. EUR 8.7) actor and EBITA of NOK 6.8 (approx. EUR 0.85) million. The advance of net sales in the aboriginal bisected of 2008 has been 28% compared with the aboriginal bisected of 2007.
Contempus has over 17 years of acquaintance in the development and accomplishing of cyberbanking certificate administration solutions and the operations are focused about its proprietary Contempus software products. The aggregation has account organisations that distribute, apparatus and advance the installations in Norway and Sweden. It has accustomed a new absolutely endemic subsidiary, Contempus UK Ltd, in 2008, confined both barter and ally in the UK. Furthermore, the aggregation has ally in the US and Benelux countries to awning all-embracing markets.
"The accretion strengthens Basware's position in the Enterprise Purchase to Pay markets in Norway, Sweden and the United Kingdom. Additionally, we will accretion admired ability to advance our competitiveness," says Hannu Vaajoensuu, Chairman of the Board, Basware Corp.
About Basware
Basware is the all-around baton in purchase-to-pay solutions with added than 1,200 barter and 650,000 users in over 50 countries about the world. Basware solutions automate business-critical banking processes and bear amount by accouterment acquiescence and control, as able-bodied as fast acknowledgment on investment. The solutions are broadcast and implemented in Europe, the US, and Asia-Pacific through an all-encompassing arrangement of Basware offices and business partners.
In 2007, net sales accomplished EUR 73 million. The advance ambition for net sales for 2008 is 15–25%. Founded in 1985, Basware Corporation is a accessible aggregation listed on the Nordic Exchange Helsinki. Headquartered in Finland, it has seven subsidiaries in Europe and one in the US. www.basware.com
Basware
www.basware.co.uk / basware@context.co.uk
Context Public Relations
www.contextpr.co.uk / 01625511966
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