OpenText Chosen by Europcar for Global E-Invoicing Compliance Across 130 Countries

OpenText has been chosen by Europcar Mobility Group to manage its global e-invoicing compliance across 130 countries. The partnership aims to automate invoicing processes, improve cash flow management, and simplify tax audits. Europcar operates with a fleet of 280,000 vehicles and over 9,000 agents worldwide.

Europcar Mobility Group, a leading provider of car and van rental services, has announced a strategic partnership with OpenText to manage its global e-invoicing compliance. The partnership aims to automate invoicing processes, enhance cash flow management, and simplify tax audits across Europcar's extensive network of branches in 130 countries.

Europcar Mobility Group, with a fleet of 280,000 vehicles and over 9,000 agents, operates under brands such as Europcar, Goldcar, and Euromobil. The company has chosen OpenText's global E-Invoicing solution to handle millions of invoices, ensuring compliance with tax and legal standards across its expansive network.

OpenText, known for its leadership in global e-invoicing solutions, offers a comprehensive suite of Business AI, Business Clouds, and Business Technology. The partnership will enable Europcar to streamline its invoicing processes, reduce costs, and improve operational efficiency. The solution will also help Europcar manage cash flow more effectively by automating manual invoicing processes and shifting late payment penalties into early payment discounts.

The partnership underscores OpenText's commitment to helping organizations grow, innovate, and become more efficient through advanced information management. Companies like Staria, Michelin, and Heeros have also implemented OpenText's E-Invoicing solutions to leverage these advantages.

"Europcar's incredible growth and leadership in the mobility space in Europe require 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."

OpenText's E-Invoicing solutions offer improved data visibility by integrating siloed systems and simplifying tax audits through a centralized legal archive for fast file and data retrieval.

This partnership is a significant step forward for Europcar Mobility Group as it continues to expand its global footprint and enhance its operational efficiency. The use of advanced e-invoicing solutions is becoming increasingly crucial for businesses operating in multiple jurisdictions to ensure compliance and streamline financial processes.

References

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