TietoEnator supplies B2B e-invoicing solution to Nordea Bank in Sweden

24 September 2007

Nordea, the leading Nordic Bank, has chosen TietoEnator to supply a solution for exchanging e-invoices between companies (B2B).

The multi-year agreement covers an integrated white labelled e-invoicing solution, customized to the banks requirements. The service will be offered by Nordea Bank, Sweden to companies and the public sector and their trading partners.

The interest in B2B e-invoicing is rapidly increasing and the number of invoices being processed electronically is growing steadily. Companies across Europe are now looking to their banks to offer e-invoicing services, as part of the banks standard service portfolio. The solution provided by TietoEnator enables Nordea to provide a swift respons to its customers need. It allows Nordea's customers to exchange e-invoices with their business partners on a national and global basis. The solution is based on the TE financial Hub infrastructure service which already connects a large number of trading partners and processes more than 500 million transactions annually. The service is fully customized according to Nordea requirements, with the look and feel of a Nordea service.

Bengt Hansson, Head of eDocuments in Nordea, Sweden, said: "Through the agreement with TietoEnator we have gained access to both a leading-edge technical infrastructure and skillset. We can thereby further improve our service offering to our customers."

Mats Wikström, Vice President of Value Networks in TietoEnator Digital Innovations comments: "Nordea's increased focus in the B2B area will be a major factor in the adoption of e-invoicing in the Nordics. The local presence and large sales force of Nordea will open new opportunities in penetrating the corporate and public sectors. We believe that banks will dominate this market and we are proud to be the leading solution provider in this area."

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