TEWKSBURY, Mass.--(BUSINESS WIRE)--TIE Kinetix announced today it has incorporated global e-invoicing and e-archiving compliance capabilities from TrustWeaver to its FLOW Partner Automation platform. The partnership allows TIE Kinetix to support its customers with legally compliant issuing, receiving, and storage of e-invoices in more than 55 countries throughout the Americas, Europe, Asia, and Africa.
Under the new agreement, TIE Kinetix customers can, effective immediately, benefit from TrustWeaver’s capabilities to automatically conform to the most stringent tax and other legal requirements on e-invoicing. Meeting these legal demands and managing the diverse technological solutions required for each country has become an acute problem for businesses, as many countries are now taking drastic measures to outlaw paper invoices. Companies trading internationally struggle to meet diverging local standards imposed by tax administrations that want to either pre-approve e-invoices in real-time, or verify them during tax audits many years after a transaction has taken place. TrustWeaver’s services are transparently integrated into the heart of the TIE Kinetix FLOW Partner Automation solution suite so that enterprise customers’ compliance executives and CFOs are able to monitor, interpret, and meet constantly evolving legal requirements.
“In doing business with trading partners and government organizations, our customers are increasingly confronted with the requirement to send invoices electronically – but every country has its own requirements and legislation for authenticity, integrity, security, storage, and retrieval of electronic invoices,” said Jan Sundelin, CEO, TIE Kinetix. “With our partnership with TrustWeaver and by integrating their services with our FLOW Partner Automation platform, we ensure that we can facilitate and support all our customers worldwide with e-invoicing solutions that are compliant with the local tax jurisdictions.”
“We’re pleased to add TIE Kinetix to our growing partner ecosystem,” said Stina Treven, CEO, TrustWeaver. “We see the current revolution towards real-time tax and other government controls on business transactions as irreversible. Because not many vendors have taken on the challenge to automate compliance decisions in this area, we feel it is our responsibility to invest the resources needed to make sure this trend doesn’t recreate new types of borders in the global fabric of trade and commerce. To do that well, we need the scale that partners like TIE Kinetix can bring through the trusted customer relationships they have built over many years.”
TrustWeaver (www.trustweaver.com) provides a comprehensive Cloud-based compliance service for electronic invoicing and other legally critical documents for more than 50 countries. From a single technical interface and through our unique Compliance MapTM concept, more than 60 world-leading B2B integration brokerage vendors in our partner network automatically provide interoperable legal certainty to trading partners that use their solutions, regardless of changes in legislation. TrustWeaver’s unique blend of legal and technical components allows modern organizations to execute their ERP, workflow, archiving, and B2B consolidation strategies with guaranteed respect for the multiple national and sectoral laws governing such transactions as well as their long-term retention and auditability. In business since 2001, TrustWeaver is headquartered in Stockholm, Sweden.
More information is available on: www.trustweaver.com
About TIE Kinetix
TIE Kinetix transforms the digital supply chain by providing total integrated e-commerce solutions. These integrated e-commerce solutions maximize revenue opportunities by minimizing the energy needed to market, sell, deliver, and optimize online. Customers and partners utilizing TIE Kinetix consistently benefit from innovative, field tested technology and are able to remain focused on their core business. TIE Kinetix develops cloud and license based solutions, and is backed with over 30 years of proven technology and awards. TIE Kinetix is a public company and has offices in the United States, the Netherlands, France, Germany, United Kingdom, and Australia.
More information is available on: www.TIEKinetix.com
Follow TIE Kinetix on Twitter: https://twitter.com/TIEKinetix
Follow TIE Kinetix on LinkedIn: https://www.linkedin.com/company/TIE-Kinetix
Follow TIE Kinetix on Facebook: https://www.facebook.com/TIEKinetix