[December 18, 2014]

Esker's Accounts Receivable Solution Helps Companies Meet Requirements of the European Directive on E-Invoicing in Public Procurement

Esker, a worldwide leader in document process automation solutions, is pleased to announce the launch of an enhanced service which will help companies comply with mandates for e-invoicing when working with public authorities throughout Europe. Following the April 2014 directive on e-invoicing and public procurement (2014/55/EU), vendors will be obligated to send e-invoices to public administrations in all European countries by 2020. This directive will deliver significant savings for the country governments and advance the e-invoicing market.

Esker's (News - Alert) Accounts Receivable automation solution is capable of processing the different e-invoice formats used throughout Europe (e.g., Facturae in Spain, Fattura-PA in Italy and EDI UBL in France), as well as communicating with the platforms of each public administration to send e-invoices and receive error notifications.

Since January 1, 2012, suppliers have had the option of sending e-invoices to French government ministries. The new directive eliminates this choice for the public sector (including local authorities and public institutions), making e-invoicing mandatory by 2017 for large accounts and 2020 for small to mid-sized businesses. Similarly, in Spain and Italy, all invoices sent to public sector must be e-invoices - by January 2015 in Spain and March 2015 in Italy.

"Esker is a key player in the document process automation market, sending 25 million invoices annually for 11,000 customers worldwide," said Eric Bussy, Director of Marketing and Product Management at Esker. "Our Accounts Receivable automation solution has been developed to meet the specific e-invoicing needs of companies working with the public sector, and we are well prepared to accompany them in their move to e-invoicing."

About Esker

Esker is a worldwide leader in document process automation solutions. Addressing all types of business processes, from accounts payable and accounts receivable to order processing and procurement, Esker cloud computing solutions enable companies to automate the reception, processing and sending of any business document with one platform. Esker helps over 80,000 companies around the world to reduce the use of paper and eliminate manual processes while improving their productivity, efficiency and environmental impact.

With 41.1 million euros in sales revenue in 2013, Esker operates in North America, Latin America, Europe and Asia Pacific with global headquarters in Lyon, France, and U.S. headquarters in Madison, Wisconsin. Esker is listed on the NYSE Alternext in Paris (Code ISIN FR0000035818). For more information, visit www.esker.com. Follow Esker on Twitter (News - Alert) at twitter.com/eskerinc and join the conversation on the Esker blog at blog.esker.com.

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