It is the backbone of global e-invoicing solutions
AHMEDABAD, INDIA, June 8, 2022 / PRNewswire / – Cygnet Infotech, a leading technology company, has been registered as a member of OpenPeppol. OpenPeppol offers e-purchasing services to standardize formats and exchange necessary documents between companies in the most secure way. OpenPeppol has members in 41 countries, 32 of which are European, the rest are Australia, Canada, China, JapanMexico, New Zealand, Singapore, United States and now India after Cygnet Infotech has become a member.
Industries around the world face numerous challenges in exchanging documents as they have their own standard formats, different document exchange protocols, and different ways to validate messages and data validity. To overcome these challenges, Peppol’s four-way model allows direct access to buyers and sellers for securely exchanging standard documents via direct access points. For example, exporters from all European countries can now generate e-invoices in Peppol compliant formats tailored for local compliance, such as: B. HMRC for the UK, National Tax Administration for Poland and others.
Countries around the world are moving towards e-invoicing compliance. Therefore, supporting the Peppol backbone in our solutions is the basis for building and sharing e-invoicing solutions for all countries. International companies and exporters now have the option of using us as Peppol’s hotspot and easy trade. This move goes hand in hand with our global tax compliance and automation solutions such as euVAT, e-invoicing and other technology enabled products for Europe, GCC, India and other countries “,He saidNiraj HutheesingFounder and CEO of Cygnet Infotech.
Membership in Peppol is a milestone for Cygnet Infotech on the way to becoming an access point, i.e. a certified Peppol service provider. By integrating a company’s merchandise management system through the access point, it can exchange invoice documents with other companies that are on a similar network. This leads to significant cost savings for businesses.
Exporters will be able to import Peppol compliant invoice documents from their ERP systems, source E-Invoice data to be exchanged. This will facilitate transactions with buyers connected to the Peppol network in many countries as Peppol continues its global expansion.
Thanks to membership in OpenPeppol and Cygnet Infotech in the regions of Great Britain and Europe, Cygnet Infotech aims to facilitate and automate data import, simplify compliance and facilitate document sharing.
About Cygnet Infotech
Cygnet Infotech works with clients in various regions including India, Europe, the Middle East, North America and Africa. Clients include Fortune 500 companies, mid-sized companies, fast-growing start-ups, and government agencies. The company offers solutions in the field of tax technology, fintech, products such as e-signing, RPA, test automation and digital management of field services, and product engineering services. Find out more about Cygnet Infotech: https://cygnet-infotech.com/
OpenPeppol is an international non-profit association registered under Belgian law. The goal of OpenPeppol was to enable European companies to negotiate electronically with all European public buyers in their purchasing processes.
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