TIE Kinetix (Euronext: TIE), the leader in 100% supply chain digitalization, announced today that their recently redesigned trading partner onboarding services for FLOW Partner Automation customers are now powered by artificial intelligence (AI). Onboarding to the platform is now faster and requires minimal effort. This helps to facilitate mass e-invoicing adoption in the private sector and directly supports the European Commission’s transition to a green and digital economy. Furthermore, advanced onboarding capabilities enable TIE Kinetix to expand business through hub accounts.
“Even though public authorities must be able to receive and process e-invoices, their suppliers aren’t legally required to send e-invoices,” says Jan Sundelin, CEO, TIE Kinetix. “This alone makes suppliers less willing to cooperate, but there’s also procedural and communicational inefficiencies that are contributing to the lack of adoption. Our intelligent onboarding services aim to eliminate implementation complexities and even go as far as automating all supplier communication to educate them on the benefits of e-invoicing.”
In March 2021, the Connecting Europe Facility (CEF) released “SMEs and Private Sector onboarding – electronic invoices.” This article presents onboarding challenges that are currently preventing SMEs from embracing e-invoicing despite major benefits for individual organizations and the EU economy as a whole. In line with the CEF’s notion of successful onboarding strategies, TIE Kinetix’s onboarding services are easy to replicate, accessible, and adaptable.
The optional services redefine simplicity in that AI eliminates much of the manual work and errors, enabling a quick and self-led experience for suppliers of all technical backgrounds. The entire process takes place online, and there is little to no need for additional support.
No matter how simple, successful onboarding is a heavy commitment that requires a practical approach and active follow up with suppliers. In taking this burden off of the customer, TIE Kinetix is able to facilitate 100% supply chain digitalization for both public and private sector organizations of all sizes. At the same time, the company is able to increase the success of their hub-and-spoke-based growth plan while simultaneously contributing to a green, digital, and resilient EU economy.