Dynatos and TreviPay, a global partner in B2B payments infrastructure, have announced a strategic partnership. The collaboration will enhance e-invoicing capabilities for TreviPay clients throughout Europe and other markets worldwide. The TreviPay e-invoicing partnership will see Dynatos’ e-invoicing technology now feature on TreviPay’s B2B payments infrastructure. It also provides compliance expertise for companies with varying invoicing requirements. Under the agreement, Dynatos will offer its Routty Cloud solution to TreviPay clients.
Routty Cloud enables companies to send invoices via various formats and networks. And the platform also supports the e-invoicing requirements on a per country basis. This allows businesses to stay compliant with changing regulations while still running efficient invoicing operations. E-invoicing requirements are growing globally, in Europe and elsewhere. Mandatory e-invoicing has been announced or put into place in over 60 countries. Thus, companies operating in multiple markets are faced with growing compliance requirements.
Meanwhile, invoicing has become a key part of the B2B buyer experience. According to TreviPay research, 68% of B2B buyers are more likely to choose suppliers who offer invoice terms, compared with 51% in 2023. This rising trend underlines the importance for businesses to streamline their invoicing procedures while complying with compliance requirements and customer expectations. To meet this demand, the TreviPay e-invoicing partnership will integrate e-invoicing into broader payment and accounting workflows.
“E-invoicing is becoming an increasingly important part of the order-to-cash process as mandates expand across Europe and beyond,” said Inez Berkhof-Hollander, Managing Director, EMEA, TreviPay. “TreviPay delivers end-to-end order-to-cash solutions, and our partnership with Dynatos brings its e-invoicing expertise through Routty into that experience. This helps our clients navigate evolving invoicing requirements while keeping e-invoicing connected to the broader order-to-cash process.”
Dynatos Strengthens E-Invoicing Capabilities
Dynatos focuses on source-to-pay processes and invoice processing. Its Routty Cloud platform supports e-invoicing for accounts receivable and accounts payable functions. The platform helps organizations to exchange their invoices through the relevant e-invoicing channels. It also addresses different formats, networks and country mandates. So a linked platform allows businesses to handle diverse invoicing requirements.
The partnership combines Routty Cloud with TreviPay’s B2B payments and order-to-cash capabilities. This approach places e-invoicing within a connected commercial and accounting workflow. As a result, companies do not need to manage e-invoicing only as a separate compliance process. Instead, they can connect invoicing with payments and order-to-cash operations.
Payment and Invoice Compliance Links
The partnership brings together the complementary capabilities of the two companies. TreviPay has deep expertise in business-to-business payments, order-to-cash, credit risk and working capital. But Dynatos offers e-invoicing technology and compliance know-how. The company also has experience with implementations in a variety of invoicing environments. Together, these capabilities help businesses to deal with changing e-invoicing regulations. They can also help to reduce complexity across the board in the invoicing and payment processes.
The TreviPay e-invoicing partnership also helps businesses with multi-market operations. Routty Cloud helps companies deal with all invoice formats and networks. In addition, linking e-invoicing to order-to-cash operations can boost workflow efficiency. It can also help businesses comply while supporting their broader financial processes.
“As e-invoicing requirements continue to evolve, businesses need a way to manage compliance without adding complexity to invoicing and payment processes,” said Marcel Leeflang, Director Partnerships & Alliances at Dynatos. “Our partnership with TreviPay embeds Routty Cloud’s e-invoicing capabilities within TreviPay’s B2B payments infrastructure, helping customers meet changing requirements while keeping e-invoicing connected to the broader order-to-cash process and manage compliance at the same time.”
The partnership with TreviPay for e-invoicing signals the increasing importance of digital invoicing. More and more of the solutions companies need are built to help them meet regulatory requirements in international markets. As organizations grow, they also need to keep B2B payment processes efficient. The alliance provides a frictionless path to e-invoicing, combining TreviPay’s payment infrastructure with the cloud-based technology of Dynatos’ Routty.
The partnership will enable TreviPay clients to address evolving invoicing requirements across Europe and other global markets. It also improves the integration of e-invoicing, payments and order-to-cash processes.
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News Source: Businesswire.com
