Electronic Invoicing

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Saphety: The electronic invoicing solution

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Saphety offers solutions that provide answers to companies of all sizes, billing needs and level of dematerialization that they are currently in.
Although some of the deadlines have been extended to 2021, the search for solutions that comply with the new legislation on Mandatory Electronic Invoicing to Public Administration has increased, motivated by the pandemic and the need for more digital processes.

«Our customers who have to ensure this mandatory obligation until the 31st of December are prepared or in the process of completing the necessary adaptations. Above all, we believe that this is a unique opportunity for companies, due to a new legal framework, to update and modernize their billing processes, not only to comply with the legal requirements of the public sector, but also to fully dematerialize billing to all its customers, taking advantage of the installed network of companies and solutions that Saphety offers», explains Rui Fontoura, Saphety′s CEO, in an interview with Executive Digest.

Saphety offers solutions that provide answers to companies of all sizes, billing needs and level of dematerialization that they are currently in. From online invoice submission mechanisms through monthly plan subscription without loyalty, to the integrated and automated models directly from the billing systems, with implementations ensured by Saphety′s team and a network of partners with whom they have reinforced protocols in the scope of the public sector billing. The companies′ financial and commercial areas are perhaps the main beneficiaries of the digital transformation provided by electronic invoicing.

The automation of the billing, accounting, approval and payment processes allows the costs and inefficiencies reduction that can represent very significant savings for companies. «The reduction in payment terms is a clear benefit that contributes to the balance of the financial liquidity and confidence building, which is essential for more sustainable economic relations, especially in the context of the global market in which we operate, where the capability for digital transformation is also a paramount competitive factor», adds Rui Fontoura. Thus, it is necessary that companies define their strategy and investments in a clear way regarding this matter, as something fundamental to ensure their future and sustained growth in the global market, in parallel with the crucial role played out by the State through programs and financial incentives with focus on digital.

The evolution of electronic invoicing or public procurement over the past decade are clear examples of this, as an integral part of the technological renewal and adoption of the Portuguese business fabric. «If we think about the transition from letter to email, no one will doubt about the benefits of electronic invoicing over paper. The speed and reliability of the communication, the guarantee of the delivery at the destination or the positive environmental impact are examples of this. But also, the huge gains in transparency and optimization in the relationship between companies, whether due to real-time visibility on the status and evolution of documents, or due to automatic accounting, approval and payments, which, by being more agile, contribute to the liquidity of creditors», underlines. Throughout its existence, Saphety has consolidated its leadership in solutions for the dematerialization of business documents.

With an initial activity closely linked to the retail and Supply Chain sector, the scope of action has been progressively extended to all activity sectors. Some examples of this are banking and insurance, utilities, health or the public sector. Today, they have a unique network of thousands of companies that work with Saphety to conduct their business processes, and whose volume associated with the traded documents represents more than 15% of the national GDP. The next year will certainly be a very demanding year, still dominated by the many challenges posed by the pandemic, believing that the growing demand for document dematerialization solutions and the legal obligation to invoice the public sector will contribute to Saphety′s continuous growth.

In this context, we will continue to pay attention to the companies′ needs, as partners and facilitators in the adoption of electronic invoicing, in a year that will possibly be marked by the massification of this solution», concludes Rui Fontoura.

 

Article published on Executive Digest (digital and printed), on 24/11/2020.

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