The need of rapid adaptivity in Finance Management

Amidst changing environment, these are the driving factors that enforces changes in the industry.

The Financial Services Industry has been undergoing a massive transformation.

FSI entities became more sensitive to reduce churn, whilst „bombarded” with new regulatory requirements (PSD2, MIFID/MIFIR and MiCaR).

1

Amidst these challenges, a financial ecosystem has been grown (3rd-party FinTech/PayTech companies).

2

This need has also been brought to life by the post COVID effect: pure shared economies and online shopping/payment spread intensively.

3

Complexity has also been growing next to the number of processed invoices: Enterprises hence seek for standardization and invoice mass automation.

Common challenges in finance management

We experienced a lot of different issues to tackle when it comes to streamlined finance mgt. Landscape, herewith the most crucial ones.

1

Mostly, financial systems (General Ledger, Account Payable/Receivable, etc.) are part of an enterprise ERP system.

2

In most cases, these systems are either too pricy or too complicated to be extended with additional functionalities.

3

Also, manuality hinders the effectiveness of the finance operation, if there are too many invoices to create and receive.

4

In today's fierce competition, enterprises seek for accuracy and transparency in financing; late payments and regulatory incompliance cannot be tolerated.

Global e-invoicing market 2020-2024

Key questions Financial departments wish to have answer for:

How can I keep my own, existing IT investment whilst extending e-invoicing capability without compromise?

How I can easily remain regulatory compliant, especially regarding PSD2?

How can I fulfill security expectations whilst keeping flexibility and adaptivity for different, tailor-made e-invoicing scenarios?

SaaS-based online invoice management system

Billzone.eu provides e-invoice, digital signature and time stamp services since 2009.

Key features

Real-time provision of regulatory data

PSD2 compliance, different scenarios for FSI coverage

High level of Security (HTTPS, Two-Factor Authentication)

Flexibility to use different scenarios to save current software investment

Best of breed technology (cloud nativity)

Modularity (invoice imaging, tax reporting, self-billing, aggregator module, invoice homogenization)

Please feel free to download our recent case study, herewith a summary:

What is this case study about?

Overview of the current state of smart invoicing market
Key drivers in the financial industry that aims the change in the IT landscape
Detailed description of our Billzone SaaS automated invoice IT solution
Tangible business and IT benefits/ advantages to be realized with Billzone

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Company Info

N-Ware IT and Consulting Ltd.

Address: 1139 Budapest, Gömb utca 26.

Telephone: +361789 2379

Tax number: 14825679-2-41

EU Tax ID: HU14825679

Email: business@n-ware.hu

Skype: n-ware.hu

DUNS number: 52-533-9151

Company Registration Number: 01-09-921789

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Bespoke software development Staff augmentation Product development Rapid additional services

Industries

Smart manufacturing Automotive Logistics Finance mgt.

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