- Business software company Quadient and process automation solutions company Esker have partnered with the French government via a joint subsidiary NCS.
- The partnership is designed to help businesses comply with new regulations governing the issuance and receipt of invoices between VAT taxpayers.
- Quadient most recently demoed its technology at FinovateEurope 2018 in London.
Business software company Quadient and process automation solutions company Esker have announced a new partnership with the French government. Via their joint subsidiary NCS, Quadient and Esker will help ensure that businesses are able to comply with upcoming French tax regulations, specifically with regard to electronic invoice receipt and transmission.
The new legislation applies to invoices exchanged between VAT taxpayers, mandating that these invoices must be transmitted in either a structured data format (UBL, UNCEFACT CII) or hybrid format (Factur-X). Rollout of the new regulations begins in the summer of 2024 and continues through January 1, 2026. At that point all micro, small, and medium-sized businesses will be expected to comply.
“The widespread implementation of electronic invoicing over the next three years is a major challenge for the four million companies in France,” Quadient Chief Strategy and Product Officer for Intelligent Document Automation Nicolas de Beco said. “As a major player in the electronic document management market for small and medium-sized businesses, we look forward to our continued partnership with Esker, in which we join forces and expertise to offer businesses straightforward and efficient invoicing process automation.”
Beyond ensuring compliance with impending regulatory changes, the partnership between Quadient and Esker will bring a variety of benefits to French businesses. The list of complimentary services ranges from centralized workflow management and business process automation to invoice archiving, payment reconciliation, and reporting. The interoperability of these services with other business platforms and solutions will give French companies greater capacity to improve operations, pursue digital transformation, and enhance their cash management.
“As long-standing partners, our two companies have demonstrated their ability to work together to deliver innovative solutions that benefit thousands of businesses in France today,” Esker COO Emmanuel Olivier said.
Headquartered in France and founded in 1992, Quadient most recently demoed its technology on the Finovate stage at FinovateEurope 2018. The company’s partnership news with Esker and the French government comes just weeks after Quadient launched its Parcel Pending smart parcel lockers in Ireland to help modernize the residential property market in the country.