Europcar Mobility Group Chooses OpenText to Deliver Global E-Invoicing Compliance
With more than 9,000 agents, Europcar Mobility Group provides seamless car and van rental services within a network spanning 130 countries through brands including Europcar, Goldcar, Euromobil and more. Europcar recently chose OpenText and its global E-Invoicing solution to manage millions of invoices across its expansive network of branches meeting the tax and compliance standards across 130 countries.
OpenText has long been a leader in global e-invoicing solutions, an area that has only grown more complex with evolving global compliance and legal mandates. For global finance and procurement operations, OpenText E-Invoicing solutions serve as a conduit away from legacy systems while reducing cost and complexity by ensuring a consistent approach to compliance with global regulations and requirements.
OpenText E-Invoicing solutions also allow customers to:
Manage cash flow more effectively, transforming manual invoicing processes into automated ones and shifting late payment penalties into early payment discounts
Improve data visibility by integrating siloed systems and reduce operational friction
Simplify tax audits by enabling a centralized legal archive for fast file and data retrieval
Companies like Staria, Michelin and Heeros also have implemented OpenText E-Invoicing solutions to seize on the advantages they provide.
"Europcar's incredible growth and leadership in the mobility space in Europe requires a trusted partner that can deliver on its extensive e-invoicing needs," said Savinay Berry, OpenText Executive Vice President and Chief Product Officer. "OpenText solutions will allow Europcar to focus on continued growth while resting assured that its invoicing and complex regulatory requirements are being met."
About OpenText
OpenText™ is a leading Cloud and AI company that provides organizations around the world with a comprehensive suite of Business AI, Business Clouds, and Business Technology. We help organizations grow, innovate, become more efficient and effective, and do so in a trusted and secure way – through Information Management. For more information about OpenText (NASDAQ/TSX: OTEX), please visit us at www.opentext.com.
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Further, readers should note that we may announce information using our website, press releases, securities law filings, public conference calls, webcasts and the social media channels identified on the Investors section of our website (https://investors.opentext.com). Such social media channels may include the Company's or our CEO's blog, Twitter account or LinkedIn account. The information posted through such channels may be material. Accordingly, readers should monitor such channels in addition to our other forms of communication.
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