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TIE Kinetix and TrustWeaver Partner Towards Global Compliant Paperless InvoicingTIE Kinetix announced today it has incorporated global e-invoicing and e-archiving compliance capabilities from TrustWeaver to its FLOW Partner Automation platform. The partnership allows TIE Kinetix to support its customers with legally compliant issuing, receiving, and storage of e-invoices in more than 55 countries throughout the Americas, Europe, Asia, and Africa. Under the new agreement, TIE Kinetix customers can, effective immediately, benefit from TrustWeaver's capabilities to automatically conform to the most stringent tax and other legal requirements on e-invoicing. Meeting these legal demands and managing the diverse technological solutions required for each country has become an acute problem for businesses, as many countries are now taking drastic measures to outlaw paper invoices. Companies trading internationally struggle to meet diverging local standards imposed by tax administrations that want to either pre-approve e-invoices in real-time, or verify them during tax audits many years after a transaction has taken place. TrustWeaver's services are transparently integrated into the heart of the TIE Kinetix FLOW Partner Automation solution suite so that enterprise customers' compliance executives and CFOs are able to monitor, interpret, and meet constantly evolving legal requirements. "In doing business with trading partners and government organizations, our customers are increasingly confronted with the requirement to send invoices electronically - but every country has its own requirements and legislation for authenticity, integrity, security, storage, and retrieval of electronic invoices," said Jan Sundelin, CEO, TIE Kinetix. "With our partnership with TrustWeaver and by integrating their services with our FLOW Partner Automation platform, we ensure that we can facilitate and support all our customers worldwide ith e-invoicing solutions that are compliant with the local tax jurisdictions." "We're pleased to add TIE Kinetix to our growing partner ecosystem," said Stina Treven, CEO, TrustWeaver. "We see the current revolution towards real-time tax and other government controls on business transactions as irreversible. Because not many vendors have taken on the challenge to automate compliance decisions in this area, we feel it is our responsibility to invest the resources needed to make sure this trend doesn't recreate new types of borders in the global fabric of trade and commerce. To do that well, we need the scale that partners like TIE Kinetix can bring through the trusted customer relationships they have built over many years."
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About TIE Kinetix
More information is available on: www.TIEKinetix.com View source version on businesswire.com: http://www.businesswire.com/news/home/20170223006084/en/ |