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Nippon Gases Deutschland Aligns with OpenText to Accelerate E-Invoicing Compliance Ahead of German Mandates

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Nippon Gases Deutschland, a subsidiary of Nippon Sanso Holdings , has partnered with OpenText (NASDAQ: OTEX, TSX: OTEX) to implement mandatory B2B e-invoicing in Germany before the January 1, 2025 deadline. The collaboration leverages OpenText Active Invoices with Compliance to navigate complex e-invoicing regulations and industry-specific challenges.

Germany's e-invoicing regulations focus on approved formats for electronic invoices rather than mandating specific exchange and reporting methods. OpenText's fully managed business network cloud and e-invoicing platform will help Nippon Gases Deutschland adapt to these requirements, streamline operations, and ensure compliance across multiple global markets.

The partnership aims to reduce invoicing time, minimize errors, expedite payments, and mitigate non-compliance risks. OpenText's solutions offer e-invoicing compliance across more than 50 countries and B2B integration for small and mid-sized businesses.

Nippon Gases Deutschland, una filiale di Nippon Sanso Holdings, ha collaborato con OpenText (NASDAQ: OTEX, TSX: OTEX) per implementare la fatturazione elettronica B2B obbligatoria in Germania prima della scadenza del 1 gennaio 2025. La collaborazione sfrutta OpenText Active Invoices with Compliance per affrontare le complesse normative sulla fatturazione elettronica e le sfide specifiche del settore.

Le normative sulla fatturazione elettronica in Germania si concentrano sui formati approvati per le fatture elettroniche, piuttosto che imporre metodi specifici di scambio e reporting. La rete commerciale cloud completamente gestita da OpenText e la piattaforma di fatturazione elettronica aiuteranno Nippon Gases Deutschland ad adattarsi a questi requisiti, semplificare le operazioni e garantire la conformità in più mercati globali.

La partnership mira a ridurre i tempi di fatturazione, minimizzare gli errori, accelerare i pagamenti e mitigare i rischi di non conformità. Le soluzioni di OpenText offrono conformità alla fatturazione elettronica in oltre 50 paesi e integrazione B2B per piccole e medie imprese.

Nippon Gases Deutschland, una subsidiaria de Nippon Sanso Holdings, se ha asociado con OpenText (NASDAQ: OTEX, TSX: OTEX) para implementar la facturación electrónica B2B obligatoria en Alemania antes de la fecha límite del 1 de enero de 2025. La colaboración aprovecha OpenText Active Invoices with Compliance para navegar por las complejas regulaciones de facturación electrónica y los desafíos específicos de la industria.

Las regulaciones de facturación electrónica de Alemania se centran en formatos aprobados para facturas electrónicas en lugar de exigir métodos específicos de intercambio e informes. La red comercial en la nube completamente administrada y la plataforma de facturación electrónica de OpenText ayudarán a Nippon Gases Deutschland a adaptarse a estos requisitos, optimizar operaciones y asegurar el cumplimiento en múltiples mercados globales.

La asociación tiene como objetivo reducir el tiempo de facturación, minimizar errores, acelerar los pagos y mitigar los riesgos de incumplimiento. Las soluciones de OpenText ofrecen cumplimiento de facturación electrónica en más de 50 países e integración B2B para pequeñas y medianas empresas.

니폰 가스 독일(Nippon Gases Deutschland)은 니폰 산소 홀딩스(Nippon Sanso Holdings)의 자회사로, 2025년 1월 1일 마감일 이전에 독일에서 의무적인 B2B 전자 청구서를 구현하기 위해 OpenText (NASDAQ: OTEX, TSX: OTEX)와 협력했습니다. 이 협력은 OpenText Active Invoices with Compliance를 활용하여 복잡한 전자 청구서 규정과 산업별 과제를 해결하는 데 도움을 줍니다.

독일의 전자 청구서 규정은 특정 상호 교환 및 보고 방법을 강제하기보다는 전자 청구서에 대한 승인된 형식에 중점을 둡니다. OpenText의 완전 관리형 비즈니스 네트워크 클라우드 및 전자 청구서 플랫폼은 니폰 가스 독일이 이러한 요구 사항에 적응하고 운영을 간소화하며 글로벌 여러 시장에서 규정을 준수할 수 있도록 도와줄 것입니다.

이 파트너십은 청구 시간 단축, 오류 최소화, 지급 가속화 및 비준수 위험 완화를 목표로 하고 있습니다. OpenText의 솔루션은 50개 이상의 국가에서 전자 청구서 규정 준수를 제공하며 중소기업을 위한 B2B 통합을 지원합니다.

Nippon Gases Deutschland, une filiale de Nippon Sanso Holdings, a établi un partenariat avec OpenText (NASDAQ : OTEX, TSX : OTEX) pour mettre en œuvre la facturation électronique B2B obligatoire en Allemagne avant l'échéance du 1er janvier 2025. Cette collaboration exploite OpenText Active Invoices with Compliance pour naviguer dans des réglementations complexes de facturation électronique et des défis spécifiques à l'industrie.

Les réglementations de facturation électronique en Allemagne se concentrent sur des formats approuvés pour les factures électroniques plutôt que d'imposer des méthodes spécifiques d'échange et de rapport. Le réseau commercial cloud entièrement géré d'OpenText et sa plateforme de facturation électronique aideront Nippon Gases Deutschland à s'adapter à ces exigences, à rationaliser ses opérations et à garantir la conformité sur plusieurs marchés mondiaux.

Le partenariat vise à réduire le temps de facturation, minimiser les erreurs, accélérer les paiements et atténuer les risques de non-conformité. Les solutions d'OpenText offrent une conformité à la facturation électronique dans plus de 50 pays et une intégration B2B pour les petites et moyennes entreprises.

Nippon Gases Deutschland, eine Tochtergesellschaft von Nippon Sanso Holdings, hat sich mit OpenText (NASDAQ: OTEX, TSX: OTEX) zusammengeschlossen, um die obligatorische B2B-E-Rechnung in Deutschland vor der Frist am 1. Januar 2025 umzusetzen. Die Zusammenarbeit nutzt OpenText Active Invoices with Compliance, um sich durch komplexe Vorschriften zur elektronischen Rechnungsstellung und branchenspezifische Herausforderungen zu navigieren.

Die Vorschriften zur elektronischen Rechnungsstellung in Deutschland konzentrieren sich auf genehmigte Formate für elektronische Rechnungen, anstatt spezifische Austausch- und Berichtsmethoden vorzuschreiben. Das vollständig verwaltete Geschäftsnutzernetzwerk-Cloud und die Plattform zur elektronischen Rechnungsstellung von OpenText werden Nippon Gases Deutschland dabei helfen, sich an diese Anforderungen anzupassen, die Abläufe zu optimieren und die Compliance in mehreren internationalen Märkten sicherzustellen.

Das Ziel der Partnerschaft ist es, die Rechnungsstellung zu beschleunigen, Fehler zu minimieren, Zahlungen zu beschleunigen und Risiken der Nichteinhaltung zu mindern. Die Lösungen von OpenText bieten Compliance bei der elektronischen Rechnungsstellung in mehr als 50 Ländern und B2B-Integration für kleine und mittelständische Unternehmen.

Positive
  • Partnership with OpenText to implement mandatory B2B e-invoicing ahead of the 2025 deadline
  • Adoption of OpenText Active Invoices with Compliance to navigate complex regulations
  • Potential for improved operational efficiency and reduced errors in invoicing processes
  • Access to e-invoicing compliance solutions for over 50 countries
Negative
  • None.

This strategic partnership aims to streamline compliance with Germany's evolving e-invoicing mandates through OpenText's advanced cloud solutions

WATERLOO, ON, Sept. 5, 2024 /PRNewswire/ -- Nippon Gases Deutschland, the German business unit of Nippon Sanso Holdings Corporation (NSHD) an industrial and medical gases company, is partnering with OpenText™ (NASDAQ: OTEX), (TSX: OTEX), to expedite the implementation of mandatory B2B e-invoicing in Germany, ahead of the January 1, 2025 deadline. By leveraging OpenText™ Active Invoices with Compliance, Nippon Gases Deutschland will equip its tax and invoicing teams with innovative tools to confidently navigate, document, and manage the complexities of e-invoicing regulations and industry-specific challenges, ensuring both transparency and full compliance throughout.

"The absence of a universally accepted international standard for e-invoicing is a critical issue for us. Managing the diverse e-invoicing regulations across various markets, particularly Germany's specialist and evolving requirements, creates substantial hurdles," said Stephan Keysselitz, Finance Director at Nippon Gases Deutschland. "The lack of standardization means that each market can enforce its own rules, heightening the risk of non-compliance, which could lead to severe penalties and significant operational disruptions. Given these complexities, adopting a proactive strategy to stay ahead of regulatory changes is crucial. Partnering with a trusted provider like OpenText enables us to implement a flexible and comprehensive solution that safeguards compliance while streamlining our processes and effectively mitigating risks."

Germany's e-invoicing regulations differ from other European countries by not mandating a specific method for exchanging and reporting invoices. Instead, the focus is on approved formats for electronic invoices and the requirements for their issuance and receipt. OpenText will support Nippon Gases Deutschland in adapting to these distinctive requirements, facilitating a smoother transition and process adjustments for its tax and invoicing teams.

OpenText's fully managed business network cloud and e-invoicing platform is designed to streamline operations by automating manual processes. This highly scalable platform integrates with industry-standard ERP, e-procurement, order management, and accounts payable systems, accelerating payment processes while ensuring regulatory compliance across multiple global markets.

Keysselitz continued: "Choosing OpenText as our partner was a strategic decision. Their expertise and adaptable e-invoicing solutions provide the confidence we need to meet Germany's complex regulatory requirements effectively. This partnership not only promises compliance but also boosts the efficiency and reliability of our invoicing processes. By implementing OpenText's advanced technology, we can improve operations, reduce errors, and empower our team to focus on strategic initiatives, ultimately driving greater value for our business."

The OpenText cloud suite, including OpenText Active Invoices with Compliance and OpenText™ Business Network Cloud Foundation, simplifies e-invoicing compliance across more than 50 countries and offers B2B integration for small and mid-sized businesses. With these comprehensive solutions, OpenText will help Nippon Gases Deutschland reduce invoicing time, minimize errors, expedite payments, and mitigate non-compliance risk.

"E-invoicing is not a new concept," said Muhi Majzoub, EVP & Chief Product Officer at OpenText. "The real challenge lies in the varying digital capabilities of trading partners are the increasing complexity of regulatory requirement. A one-size-fits-all solution cannot address the multifaceted needs of a business and its diverse trading partners, therefore, to navigate these difficulties, a tailored and flexible approach – that can be scaled - is essential."

Majzoub concluded, "Our suite of business network solutions is carefully designed to simplify compliance and address ever evolving regulatory requirements with ease. By utilizing these tools, we enable Nippon Gases Deutschland to focus on their core operations while OpenText's smart technology removes the burden of complex regulatory red tape. Our proven approach not only ensures robust adherence but also increases operational efficiency, empowering businesses to navigate developing regulations with confidence and precision."

Additional Resources:

About OpenText

OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, powered by OpenText Cloud Editions. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com

About Nippon Gases:

Nippon Gases, one of the leading industrial and medical gases companies in Europe, is part of the Nippon Sanso Holdings Corporation, which has over 100 years of experience and also boasts a major presence in Japan, Southeast Asia, Australia, the United States and Canada, operating in 31 countries with more than 19,000 employees around the world. Our presence in Europe positions us as a leading company with over 3,200 employees of which 27.9% are women, operating today in 13 countries and serving more than 150,000 customers.

Safety, priority number one in our company, is constantly improving due to the search for risk factors and behaviors, and the observance of our safety principles by all our employees. Nippon Gases commitment to our customers, employees and associates and to the communities in which we operate is a reflection of our dedication to the environment and to sustainability.

Together, we are "The Gas Professionals" and we all have the same goal: "Making life better through gas technology".

The company is also an industry leader in Germany and is certified to ISO 9001, 14001 and 50001. With 14 of its own locations and about 200 sales partners, Nippon Gases has a nationwide presence.

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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.

Copyright © 2024 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents.

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SOURCE Open Text Corporation

FAQ

What is the deadline for mandatory B2B e-invoicing in Germany that Nippon Gases Deutschland is preparing for with OpenText (OTEX)?

Nippon Gases Deutschland is preparing for the January 1, 2025 deadline for mandatory B2B e-invoicing in Germany through its partnership with OpenText (OTEX).

How does OpenText (OTEX) plan to help Nippon Gases Deutschland comply with German e-invoicing regulations?

OpenText (OTEX) will support Nippon Gases Deutschland with its Active Invoices with Compliance solution, which is designed to navigate complex e-invoicing regulations, adapt to Germany's specific requirements, and ensure compliance across multiple global markets.

What are the potential benefits for Nippon Gases Deutschland in using OpenText's (OTEX) e-invoicing solutions?

By using OpenText's (OTEX) e-invoicing solutions, Nippon Gases Deutschland aims to reduce invoicing time, minimize errors, expedite payments, mitigate non-compliance risks, and improve overall operational efficiency.

In how many countries does OpenText (OTEX) offer e-invoicing compliance solutions?

OpenText (OTEX) offers e-invoicing compliance solutions across more than 50 countries, providing comprehensive coverage for businesses operating in multiple global markets.

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