#None #OpenText #e-invoicing #Europcar

Europcar Mobility Group Chooses OpenText for E-Invoicing Solutions

In a significant move within the mobility sector, Europcar Mobility Group, a global leader in mobility services with over 75 years of experience, has chosen OpenText to handle its evolving e-invoicing needs. With a vast fleet comprising 280,000 vehicles operating across 130 countries, Europcar is set to enhance its invoicing processes substantially.

A Leader in Mobility

Europcar Mobility Group is renowned for its comprehensive car and van rental services, operational through brands such as Europcar, Goldcar, and Euromobil. The company’s extensive network, bolstered by more than 9,000 agents globally, positions it as a formidable player in the transportation sector. By aligning with OpenText, known for its robust e-invoicing solutions, Europcar aims to streamline its invoicing processes while adhering to varying tax and compliance standards across different countries.

The Importance of E-Invoicing

As the landscape of global compliance and legal frameworks becomes more complex, efficient e-invoicing systems have become vital for operational success. OpenText specializes in providing tailored e-invoicing services that serve as a bridge away from outdated systems, alleviating unnecessary costs and complexities. The OpenText solutions will empower Europcar to focus on its core offerings while managing invoicing compliance effectively.

Benefits of the Partnership

• - Cash Flow Management: One of the key features of the OpenText E-Invoicing solution is improved cash flow management. By automating previously manual processes, Europcar can transform its invoicing systems, moving from late payment penalties to early payment discounts.
• - Enhanced Data Visibility: The integration of disparate systems minimizes operational barriers, giving Europcar better visibility over its invoicing data. This consolidation ensures quicker decision-making and efficiency across business operations.
• - Simplified Auditing: OpenText’s solutions include a centralized legal archive, making it easier for Europcar to manage tax audits and retrieve pertinent files and data swiftly.

Other prominent companies such as Staria, Michelin, and Heeros have already recognized these advantages and implemented OpenText E-Invoicing solutions into their operations. This trend highlights the growing importance of modernizing invoicing practices to maintain competitive edges in various industries.

Expert Insights

Savinay Berry, Executive Vice President and Chief Product Officer at OpenText, emphasized the significance of this partnership, stating, “Europcar’s incredible growth and leadership in the mobility space in Europe requires a trusted partner that can deliver on its extensive e-invoicing needs.” With OpenText’s expertise, Europcar is well-positioned to navigate the complex landscape of invoicing and compliance while still pursuing its growth objectives.

About OpenText

OpenText is a leading provider of enterprise information management solutions, specializing in Cloud and AI technologies. The company aids organizations worldwide in enhancing their operational efficiency and innovation while maintaining secure information management practices. To discover more about OpenText's offerings, visit OpenText.

In conclusion, this strategic partnership between Europcar Mobility Group and OpenText signifies a crucial step toward modernizing invoicing in the mobility sector. As compliance requirements continue to evolve, companies willing to adapt will undoubtedly thrive as industry leaders.