Every invoice instantly processable by the recipient
Invoices are sent in all types, forms and standards. The government is fielding e-invoices and increasingly imposing obligations on business invoices, while implementation varies widely internationally. This ensures that sending and receiving invoices remains a viscous process.
Standardized invoice receiving,
flexible invoice delivery
With the 4Exchange e-billing platform, invoices are delivered directly processable to any receiving party. All in compliance with applicable legislation.
Don't let simple, time-consuming work cost a lot.
received invoices are 1) captured 24/7 by 4Exchange, 2) instantly converted to a standardized form, 3) validated with master data sources, 4) possibly registered with a government, and 5) delivered to your invoice processing system.
Invoices directly processable at customer's premises, in compliance with Government obligations.
Outgoing invoices are 1) captured 24/7 by 4Exchange , 2) instantly converted to each debtor's desired format and standard, 3) validated with master data sources, 4) registered with a government, if applicable, and 5) delivered through each debtor's desired channel.
Standards such as Peppol
Governments are increasingly requiring companies to share business invoices (see Continuous Transaction Controls). We closely follow international e-invoicing developments, so you don't have to. As a Peppol Access Point, for example, we handle invoices in accordance with the Peppol standard. But we can also handle standards like DICO, EDIFACT, ZUGFeRD, Factur-X, just fine.
Prevent invoice fraud and late failures in invoice processing
Because we always have invoice information in data form in invoice conversion, we validate, correct and enrich invoice data with selectable master data sources.
For example, supplier recognition can be set up by a combination of IBAN, Chamber of Commerce or VAT number.
Passing on change of address
The power of the 4Exchange platform is that the systems and practices in use at your own financial administration, and those of your suppliers and customers, do not need to be changed. However, invoices will have to be sent to other addresses or invoices will be sent from other addresses. Suppliers and customers will have to be informed about this. We can also take care of this.
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Does 4Exchange offer e-billing?
Yes. E-billing or electronic invoicing, involves sending and receiving invoices in a particular data format. E-billing is the core of 4Exchange. 4Exchange converts various invoice formats, including PDF, to a data format (many-to-one), and vice versa, that is, from a data format to one or more invoice formats (one-to-many).
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Can 4Exchange handle PDF invoices?
Yes. We convert machine-readable and non-machine-readable PDF invoices to a data format. And we convert a data format to any PDF form, should a debtor require it.
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Can we say goodbye to OCR?
Yes. The 4Exchange platform itself uses OCR technology, among other things, to extract information in PDF invoices. outsourcing by 4Exchange implies that you no longer have to do this yourself.
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Is 4Exchange also a Peppol Access Point?
Yes, we are a Peppol Access Point. If you are looking for only a Peppol solution, however, we are a less suitable party. Our platform is a much better fit for more complex administrations. For example, if you send invoices to many different companies, not all of which have to work in accordance with Peppol, for example, then we would be happy to get in touch with you.
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Should we adjust our financial administration ?
No. The 4Exchange platform works between your systems and various billing channels, including e-m,ail programs, e-invoicing networks and SFTP environments. Conversions and validations take place in the platform. So you can just keep using your invoice processing systems and billing .
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Is cooperation from suppliers or customers required?
A little bit. Suppliers and customers can continue to work with their systems and practices. Suppliers will only have to send their invoices to a new address and indicate whether they can also send invoices directly as e-invoices. And customers will need to specify how they wish to send invoices receiving. We are taking the lead in onboarding suppliers and customers.
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Does 4Exchange offer more than invoice receiving and invoice delivery?
Yes. Our sister companies within the 4CEE group specialize in both processing (coding, matching) received invoices and invoicing (preparing, following up) to customers. So we are very familiar with the playing field of accounts payable and accounts receivable.
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Is 4Exchange limited to invoices?
No. In addition to invoices, we also process related documents in purchase to pay and order to cash processes, such as credit notes, purchase orders and order confirmations. So you can bring the entire flow of "commercial documents" to us.