Europcar Mobility Group Partners with OpenText for Global E-Invoicing Compliance

Europcar Mobility Group, a global mobility services leader, has partnered with OpenText to manage its evolving global E-Invoicing needs. OpenText's E-Invoicing solution will enable Europcar to manage millions of invoices across its 130-country network, meeting tax and compliance standards. The solution will help Europcar improve data visibility, simplify tax audits, and manage cash flow more effectively.

Europcar Mobility Group, a global leader in mobility services with a fleet of 280,000 vehicles across 130 countries, has announced a strategic partnership with OpenText to manage its evolving global E-Invoicing needs [1]. The collaboration aims to streamline Europcar's invoicing processes, ensuring compliance with international tax and regulatory standards.

OpenText, a leading Cloud and AI company, specializes in global E-Invoicing solutions. Europcar's extensive network of branches, which includes brands such as Europcar, Goldcar, and Euromobil, will benefit from OpenText's advanced technology to manage millions of invoices efficiently. The partnership will help Europcar improve data visibility, simplify tax audits, and optimize cash flow management [1].

The OpenText E-Invoicing solution will automate manual invoicing processes, transforming them into automated workflows. This will enable Europcar to shift late payment penalties into early payment discounts, thereby managing cash flow more effectively [1]. Additionally, the solution will integrate siloed systems, reducing operational friction and improving overall efficiency.

OpenText's E-Invoicing solutions have been adopted by several other companies, including Staria, Michelin, and Heeros, who have seen significant benefits in terms of cost reduction and compliance [1]. Europcar's choice of OpenText underscores its commitment to leveraging technology to meet the complex regulatory requirements of its global operations.

Savinay Berry, OpenText's Executive Vice President and Chief Product Officer, commented, "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. OpenText solutions will allow Europcar to focus on continued growth while resting assured that its invoicing and complex regulatory requirements are being met."

The partnership between Europcar Mobility Group and OpenText is a testament to the growing importance of digital transformation in the mobility industry. As regulations evolve, companies like Europcar are increasingly turning to innovative solutions to stay compliant and efficient.

References:
[1] https://www.prnewswire.com/news-releases/europcar-mobility-group-chooses-opentext-to-deliver-global-e-invoicing-compliance-302515069.html