SupplyOn, the Global Supply Chain Collaboration Platform, has chosen CloudTrade’s patented PDF to e-invoice technology to boost e-invoicing adoption among its customers.
SupplyOn is the leading supply chain collaboration platform for the global manufacturing sector. Its best of breed online platform enables users to manage business processes with suppliers and service providers across continents in a structured, transparent and secure manner.
SupplyOn has established a company network in the manufacturing industry – with a focus on the automotive, aerospace, railway and engineering – connecting businesses across 70 countries.
Among SupplyOn’s 60,000 customers are international brands including Airbus, BMW Group, BorgWarner, Bosch, Continental, DEUTZ, Kautex Textron, Liebherr, Safran, Schaeffler, Schindler, Siemens, Thales, and ZF.
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.
CloudTrade’s PDF to e-invoicing solution integrates seamlessly with SupplyOn’s platform and will help drive supplier adoption rates of e-invoicing of over 80-90%. CloudTrade’s solution ensures 100% accurate data is uploaded within minutes of a supplier submitting a PDF invoice. Ensuring users see back office savings in the region of 60%.
Richard Manson, CloudTrade’s co-founder and Commercial Director, says: “When you’re doing business internationally and interacting with thousands of suppliers every day, your P2P process and ERP systems rely on accurate data to be highly efficient, easy to use and most importantly, operate on a global scale. Our solution encourages as many suppliers as possible to move away from paper and onto electronic document submission methods and because CloudTrade is incredibly cost effective and easy to use, we enable SupplyOn users to maximise efficiencies and transform their back-office functions.”
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 documents of any type. So, whether its invoices, sales and purchase orders and advanced shipping notices, CloudTrade processes them automatically and cost effectively, with unprecedented accuracy.Although CloudTrade offers suppliers a number of ways to send their electronic invoice (including direct XML / EDI), by far the most popular approach is for a supplier 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 invoicing is easy to use and out-of-the-box with most accounting packages. As a result, typically >90% of suppliers (irrespective of shape or size!) when asked will send PDF invoices.
CloudTrade is one of the fastest growing e-invoice and e-document networks, connecting over 150 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/
SupplyOn is the supply chain collaboration platform for the manufacturing industry used to manage business processes with suppliers and service providers across continents in a structured, transparent and secure manner. SupplyOn begins where ERP systems leave off and extends internal business processes seamlessly beyond company borders. The solutions are provided as Software-as-a-Service and align to the process requirements of the manufacturing industry encompassing cross-company processes in supply chain management, supplier risk and performance management, strategic and operational procurement, as well as quality and transport management.
SupplyOn has established a network of companies in the manufacturing industry – with a focus on automotive, aerospace, railway and engineering – that connects some 60,000 businesses in 70 countries. http://www.supplyon.com/
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