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E-invoicing, SCF & E-procurement

CloudTrade selected by BT to provide e-invoicing services for Northern Ireland's Government

Tuesday 27 March 2018 | 10:55 AM CET

CloudTrade has been named by BT as the preferred supplier to provide e-invoicing services to Account NI, the finance shared service for the Northern Ireland Government Departments.

 The service is provided in partnership with BT.

Account NI, who manage the Accounts Payable (AP) process are responsible for handling over 160,000 supplier invoices per year. Account NI will now use CloudTrade’s e-invoicing and e-document processing solution as an integral part of their accounting solution provided by BT. This will further automate and enhance the AP function and align to the EU Directive (2014/55/EU) on electronic invoicing in public procurement.

This new service will fully automate Account NI’s AP processes. Account NI pays over 90% of suppliers within 10 days and this solution will assist in meeting this commitment by reducing the time associated with invoice processing and payment.

Although CloudTrade offers suppliers several 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. 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.

For more information about CloudTrade, please check out a detailed profile of this company in our dedicated, industry-specific online companies database.

BT is one of the world’s providers of communications services and solutions, serving customers in 180 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband, TV and internet products and services; and converged fixed-mobile products and services. BT consists of six customer-facing lines of business: Consumer, EE, Business and Public Sector, Global Services, Wholesale and Ventures, and Openreach.

British Telecommunications (BT) is a wholly-owned subsidiary of BT Group and encompasses virtually all businesses and assets of the BT Group. 

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