Digital Technologies: Enabling Seamless Invoice Experience
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Luca Baldini, Co-founder & General Manager
The capital expenditure of a company is like the engine oil of a motor car. Unless they are well maintained and taken care of, the smooth flow of funds in and out is not possible. Besides, managing the various transactions using paper-based invoices can be onerous and error-prone, proving to be a major bottleneck to organizations. At this juncture, an electronic invoicing solution, which eliminates the mundane tasks such as collecting and processing paper invoices can significantly improve a company’s bottom line. One company making great strides in offering e-invoicing solutions that complies with the Italian government to reduce tax evasion and monitors economic transactions in real-time is Milano-based Digital Technologies.
Deemed as a leading-edge innovator in e-invoicing, Digital Technologies turned the obligations that were set by the government into an opportunity for the organizations to digitalize their business processes. The company’s core competencies lie in digitalizing the accounts payable and receivable processes with their suite of technologies, which includes the Enterprise Information Management (EIM) and the Exponential solutions.
Digital Technologies uses EIM to help its clients implement the company’s portfolio of solutions, digitalize, and optimize their internal processes. “By deploying our digital platforms or integrating our solutions with their existing ERP or legacy systems, clients can manage all the stages of their supply chain efficiently,” says Luca Baldini, Co-founder and General Manager of Digital Technologies. “We offer a set of flexible modules related to procurement, order management, payments and reconciliation and workflow management that can be combined to exponentially increase an organization’s business and procurement processes efficiently,” says Baldini.
We offer a set of flexible modules that can be combined to exponentially increase an organization’s business and procurement processes efficiently
Focusing on the e-Invoicing module, Digital Technologies, as an accredited EESPA member, operates at a national and global level, providing a scalable solution compliant to counties’ regulations and their envisaged e-Invoicing procedures. The implementation of a flexible approach in the input/output management, enhanced by the adoption of AI and ML tools and the integration with ERP systems, grants the possibility of managing numerous kinds of formats (paper, xml, pdf, csv, excel and UBL), through different channels (WebServices, SFTP, EDI, email and PEC, Peppol Infrastructure). With focus on Italy, Digital Technologies acts as an intermediary between clients and the Italian Tax Authority, thanks to an integrated solution with the Sistema di Interscambio (national e-Invoicing platform).
Encompassing an array of modules, Digital Technologies’ e-Invoicing platform can be utilized by organizations to create a digitalized e-procurement ecosystem. Organizations can simplify their procedures, monitor the different stages of procurement while tracking and connecting all the documents related to the same transaction for their easy accessibility and traceability by exploiting the e-Invoicing platform.
The effectiveness of Digital Technologies’ offerings is best supported by the company’s extensive client base across the fashion and retail, automotive, and food and beverage sectors. Baldini recalls an instance where Digital Technologies designed digital platforms and customized it according to a client’s specific requirements. The company provided the client with a scalable solution that could be replicated in the client’s units located outside Italian borders, integrated with their SAP management system for automating and optimizing their business process while connecting their internal and external networks with proper user segregation. Thus, by using a combination of Digital Technologies’ different modules, companies were able to track and monitor the documents throughout the whole procurement process from source to payment, which increased their efficiency while saving costs and time.
In conclusion, Baldini says, “Our main objective is to ensure that digital transformation is embraced and thrived within every organization in order to enhance their competitiveness on the market.” Therefore, with the focus on this objective, “we continue to support our clients throughout the whole process of defining a digital strategy and developing a set of innovative solutions, tailored on our clients’ fundamental needs.”