LONDON, 18 July 2018 – enVista, a leading global consulting and software solutions firm, enabling enterprise commerce for the world’s leading manufacturers, distributors and omni-channel retailers, has chosen CloudTrade’s patented PDF to e-invoice technology to boost e-invoicing adoption among its customers.
CloudTrade’s PDF to e-invoicing solution integrates seamlessly with enVista’s Unified Commerce Platform, building on its existing capabilities by adding a simple to use PDF component, which will help to drive supplier adoption rates of over 80-90% in e-invoicing-enabled supply chains.
Dominic McGough, Managing Partner at enVista, says: “We are delighted to be partnering with CloudTrade – a proven, best of breed PDF to e-invoice technology – on our continued mission to battle the friction that is caused by delays in a supply chain weighed down by too much paper and clunky processes. We believe the partnership will help our users to on-board more of their suppliers, further digitising their operations and actively using technology to improve efficiencies.”
CloudTrade’s solution ensures 100% accurate data is captured and uploaded within minutes of a supplier submitting a PDF invoice, replacing enVista’s previous optical character recognition (OCR) solution, and enabling users to see significant back office savings in the region.
Steve Britton, CloudTrade’s Client Director, says: "CloudTrade’s Patented technology enables documents, such as supplier invoices and customer orders, to be received as PDFs and automatically converted into an e-document structure. We map the data embedded within the PDF, as created by the originating system, and convert it into a format accepted by the recipient. As our approach is so simple and non-disruptive to any supply chain, adoption rates are extremely high.
“Some paper will always remain in any AP system – at least in the short term - but as most billing applications can generate and send PDF invoices via email, we believe our solution is the easiest and quickest way for enVista’s users to move closer to a paperless office. Our teams are now fully focused on making this project a total success for enVista’s network of mid-market and Fortune 100/5000 users and their suppliers.”
enVista, a leading global consulting and software solutions firm that serves hundreds of omni-channel retailers, distributors and manufacturers will now begin rolling-out CloudTrade’s solution across its global customer network.
CloudTrade is one of the world’s fastest growing e-invoice and e-document networks, connecting hundreds of global organisations to thousands of their trading partners electronically across numerous sectors and regions.
How CloudTrade’s solution works
CloudTrade’s patent-protected software uses unique rules-based technology with backward tracking search, to interpret, validate, and extrapolate semantic meaning from complex documents, of any type. So, whether its invoices, sales and purchase orders or advanced shipping notices, CloudTrade processes them automatically and cost effectively.
Although CloudTrade offers organisations several ways to send complex business documents (including direct XML / EDI), by far the most popular approach is for an organisation to simply send an application generated PDF via email. When an application generates a PDF, in almost all instances it will be a text PDF. CloudTrade reads the document text straight from the PDF, without the use of OCR – which guarantees 100% quality. PDF documents are easy to use and out-of-the-box with most ERP and accounting packages. As a result, typically >90% of organisations (irrespective of shape or size) when asked will send PDF documents – including invoices, sales and purchase orders, advanced shipping notices and other complex, data rich documents.
CloudTrade is one of the fastest growing e-invoice and e-document networks, connecting over 200 organisations to thousands of their trading partners electronically across numerous sectors and regions across the globe. Founded in 2010 to offer a fresh approach to e-invoicing, CloudTrade enables companies to evolve past their reliance on paper and trade electronically with their suppliers, irrespective of size or technical maturity.
CloudTrade’s unique, patented technology, delivers services not widely seen in the market, in a cost-effective way. CloudTrade’s software is protected by lasting patents in Europe, the U.S. and Australia. For further information go to: http://www.cloudtradenetwork.com/
enVista is a leading global consulting and software solutions firm enabling enterprise commerceTM for the world’s leading manufacturers, distributors and omni-channel retailers. enVista is uniquely experienced in both optimizing supply chain efficiencies to drive cost savings, and unifying commerce to drive customer engagement and revenue. These comprehensive capabilities, combined with enVista’s market-leading Unified Commerce Platform, and the firm’s ability to consult, implement and operate across supply chain, transportation, IT, enterprise business solutions and omni-channel, allows mid-market and Fortune 100/5000 companies to leverage enVista as a trusted advisor across their enterprises. Consulting and solutions delivery is in our DNA. Let’s have a conversationTM.
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