CloudTrade partners with OpusCapita

16 January 2018

CloudTrade, the leading provider of cloud based e-invoicing services, was today named as one of OpusCapita’s worldwide e-invoicing partners and its proprietary, patent protected e-invoicing solution will be available to all OpusCapita purchase to pay and order to cash customers.

OpusCapita helps organizations buy, sell and pay more effectively by providing them with extended purchase-to-pay and order-to-cash solutions. With 600 million transactions processed annually by over 8,000 customers across more than 100 countries, Opus Capita has created a global ecosystem where buyers, suppliers, banks and other parties connect, transact and grow. Together with their customers, OpusCapita is transforming sales, procurement and financial processes for the digital age.

Matts Ek, Product Manager Global Invoice Sending at OpusCapita, explains: “CloudTrade offers an e-invoicing service that removes the barriers typically associated with supplier adoption.  Their solution allows us to mop up those suppliers who are not able to do the technical development to connect direct to our systems.”

Founded in 1984, OpusCapita is headquartered in Helsinki, Finland and is a fully owned subsidiary of Posti Group Corporation. CloudTrade’s e-invoicing solution integrates seamlessly with OpusCapita’s purchase-to-pay and order-to-cash solutions, and will ensure 100% accurate data is uploaded within minutes of a supplier submitting an invoice. Ensuring users see back office savings in the region of 60% and supplier adoption rates of over 80-90%.

CloudTrade is one of the world’s fastest growing e-invoice and e-document networks, connecting hundreds of global organisations to thousands of their trading partners electronically across numerous sectors and regions.

Richard Manson, CloudTrade’s co-founder and Commercial Director, says: “When it comes to managing spend, OpusCapita is the platform of choice for many organisations in Germany and Northern Europe.  With so many buyers and sellers on its network, and more joining all the time, bringing CloudTrade to the network is fantastically exciting.

“When you’re doing business internationally and interacting with thousands of suppliers every day, your P2P process and O2C systems rely on accurate data to be highly efficient, easy to use and most importantly, operate on a global scale. Our solution encourages as many suppliers as possible to move away from paper and onto electronic document submission methods and because CloudTrade is incredibly cost effective and easy to use, we enable OpusCapita’s customers to maximise efficiencies and transform their back-office functions.”

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