Europcar Mobility Partners with OpenText for E-Invoicing

Europcar Mobility Group Enhances Operations with OpenText

Europcar Mobility Group, a significant player in the global mobility services landscape with over 75 years of experience, is taking a decisive step forward by partnering with OpenText, recognized for its expertise in e-invoicing solutions. This collaboration aims to streamline Europcar's invoicing processes, which includes managing millions of invoices annually through an extensive network of branches spread across 130 countries.

Transforming E-Invoicing with Modern Solutions

With a fleet that encompasses around 280,000 vehicles, Europcar has positioned itself firmly in the car and van rental market. As it evolves, embracing OpenText’s E-Invoicing solution will ensure compliance with various tax regulations and legal mandates that differ from country to country. This move not only simplifies the invoicing process but also enhances operational efficiency.

Seamless Integration Across Multiple Regions

The OpenText E-Invoicing solution is designed to handle diverse requirements of invoicing that vary globally. This integration allows Europcar to manage and reduce complexities that usually arise with invoicing systems by fostering a more steady and compliant approach to managing invoices across its entire network.

Benefits of OpenText E-Invoicing Solutions

Utilizing OpenText technology offers numerous benefits for Europcar, some of which include:

• Effective Cash Flow Management: By automating previously manual invoicing processes, Europcar can transform late payment penalties into early payment discounts.
• Enhanced Data Visibility: Integration of various systems will significantly improve data accessibility and reduce friction in operations.
• Simplified Tax Audits: OpenText allows for the establishment of a centralized legal archive, facilitating quick retrieval of files and data.

Proven Success with Other Companies

Founded on the necessity for businesses to adapt to changing regulations, OpenText has already proved its value to prominent companies such as Staria, Michelin, and Heeros, all of whom have successfully implemented the E-Invoicing solutions.

Leadership Insights

Savinay Berry, the Executive Vice President and Chief Product Officer at OpenText, stated, "Europcar's remarkable growth trajectory and its leadership position within the mobility sector necessitate a reliable partner. Our solutions will empower Europcar to maintain focus on growth while ensuring all their invoicing and regulatory obligations are met."

About OpenText

OpenText is a leading provider in cloud and AI technologies, equipping organizations worldwide with comprehensive business solutions focused on efficacy, security, and innovation. With OpenText (NASDAQ/TSX: OTEX), businesses can elevate their operations while maintaining secure and effective management of their information.

Frequently Asked Questions

What is the partnership between Europcar Mobility Group and OpenText?

The partnership focuses on integrating OpenText’s E-Invoicing solutions to improve compliance and efficiency in Europcar’s invoicing processes across 130 countries.

How does OpenText's E-Invoicing solution benefit Europcar?

It automates invoicing processes, enhances cash flow management, provides better visibility of data, and simplifies tax audit processes.

Is OpenText known for serving other clients?

Yes, OpenText has supported companies like Staria, Michelin, and Heeros successfully with their E-Invoicing solutions.

What is Europcar's scale of operations?

Europcar manages a global fleet of approximately 280,000 vehicles and operates in 130 countries, providing extensive car and van rental services.

What was said by OpenText’s executives regarding the partnership?

Savinay Berry highlighted that Europcar's growth necessitates a trusted partner and emphasized how OpenText’s solutions will enable Europcar to focus on their strategic growth while meeting all regulatory requirements.

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