TIE Kinetix simplifies e-invoicing for SMBs with Artificial Intelligence (AI)

Breukelen, Netherlands – June 17, 2021 8:00 am CET – TIE Kinetix (Euronext: TIE), the leader in 100% supply chain digitization, announced today that the recently updated setup services used by FLOW Partner Automation customers to connect trading will be Partners are now supported by Artificial Intelligence (AI). Connecting to the platform is now faster and requires less effort. This simplifies the massive transition to electronic billing in the private sector and also supports the European Commission’s transition to a “green and digital economy”. Advanced setup capabilities enable TIE Kinetix to grow with hub accounts.

“While government agencies should be able to receive and process electronic invoices, their suppliers are not required by law to send electronic invoices,” said Jan Sundelin, CEO of TIE Kinetix. “This alone makes suppliers less willing to collaborate, but there are also procedural and communication shortcomings that contribute to lack of adoption. Our intelligent internal services aim to remove implementation complexity. We even go as far as to automate all communications with suppliers around the benefits of electronic invoicing.”

In March 2021, the European Commission’s Connect Europe Facility (CEF) published an article on connecting suppliers to e-billing: “SMEs and the private sector on board – e-billing”. This article provides insight into the setup challenges that currently prevent SMEs from embracing e-invoicing, despite all the huge benefits to the individual enterprise and the entire European economy. In keeping with what CEF defines as successful qualification strategies, TIE Kinetix’s embedded services are easy to deploy, accessible and configurable.
Optional service makes operation and work easy. AI eliminates a lot of manual labor and errors, allowing suppliers from all possible technical backgrounds (without technical knowledge of technical specialists) to get started quickly and independently. The whole process is done online and you don’t really need additional support.

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Successful setup is a hard effort that requires a pragmatic approach and active follow-up with suppliers. By inheriting this effort from the customer, TIE Kinetix is ​​able to facilitate 100% supply chain digitization for organizations of all sizes in both the public and private sectors. At the same time, TIE Kinetix can increase the success of the growth plan based on the hub and pivot model and contribute to a green, digital and resilient European economy.

More from TIE Kinetix
At TIE Kinetix, we provide software as a service (SaaS) solutions to businesses, (semi) government agencies and their business partners to streamline supply chain operations through the complete electronic exchange of business documents. FLOW Partner Automation, our software platform, enables users to collaborate smarter with their business partners and simplify communication through seamless integration with any existing IT system (IT). Since 1987, we have supported all EDI standards and electronic billing and communication methods used for this purpose worldwide. Our international team shares its expertise and experience with our more than 2,500 clients and facilitates the annual exchange of over 1 billion documents via FLOW. They are committed to saving more than 100,000 trees each year.

TIE Kinetix is ​​a public joint stock company (Euronext: TIE) with offices in the Netherlands, France, Germany, Australia and the United States. For more information visit www.TIEKinetix.com/nl and follow us on Linkedin, Twitter, Facebook, Xing and YouTube.

This article is a submission and is not the responsibility of the editors.

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