Cloud-based e-invoicing service provider CloudTrade announced its e-invoicing solution has been selected a a component of Capita Integrated Business Solutions’ program designed to increase public sector efficiency. The hosted solution will accelerate customer invoice processing, help organizations reduce paper consumption and comply with late payment legislation.
“CloudTrade offers organizations who rely on manual data entry for their invoices a simple, cloud-based, cost-effective solution that guarantees high adoption amongst suppliers,” CloudTrade cofounder and commercial director Richard Manson said. “Our solution is easy to integrate into an organization’s existing financial systems and can actually complement their manual or automated workflow management processes.”
Mr. Manson said CloudTrade customers typically realize 60 per cent back office savings and supplier adoption rates as high as 90 per cent.
CloudTrade will work with Capita Integrated Business Solutions to reduce printing, postage, data entry and document handling time and expense through the complete automation of customer accounts payable.
“We are pleased to collaborate with CloudTrade because of their extensive public sector experience,” Capita Integrated Business Solutions managing director Eamonn Morris said. “We believe that our Financial Management solution, Integra, together with CloudTrade’s e-invoicing solution, will help public sector organizations to deliver more sustainable services and effectively adapt to changing needs against a backdrop of ongoing budgetary pressures, changing technology and customer needs.”