ArcelorMittal wanted to introduce electronic invoicing to optimize its costs and offer a value-added service to its customers across Europe.
ArcelorMittal needed a solution that could support in multiple regulatory environments given they were active in 16 markets across the European region. The solution also needed to accommodate a high volume of invoices and be able to send these via multiple formats as ArcelorMittal migrated its customers towards e-invoicing. To ensure the success of the project, the company decided to work with Basware, a leading provider in Europe of electronic document exchange solutions.
WHY BASWARE’S E-INVOICING SOLUTION WAS RIGHT FOR ARCELORMITTAL
Since implementing Basware’s e-invoicing solution, ArcelorMittal Flat Carbon Europe (FCE) customers can choose to receive their digital invoices either between integrated data exchange (Full EDI), interactive data exchange (Web EDI) or PDF via e-mail.
The advantages are most pronounced for Full EDI (Electronic Data Interchange), because an invoice’s data is fully automatically verified and validated in the recipient’s existing back-office system. As the Basware solution can be seamlessly integrated with the majority of ERPs and accounting applications, manual operations can be virtually eliminated, administrative tasks run smoothly, and helping strengthen the customer-supplier relationship.
ArcelorMittal offers other valid solutions for customers who are not ready for Full EDI: they can opt to receive invoices in XML and PDF format in a secure mailbox online. As an alternative solution, an e-mail with an attached PDF can also be sent to the customer.