BANCTEC AND SCANCLOUD FORM GLOBAL E-INVOICE PARTNERSHIP

BancTec, a global leader in business process outsourcing and cloud services for financial transaction automation, signs a Virtual Operator agreement for e-invoice services together with the Swedish, cloud based, e-invoice company Scancloud AB.

BancTec, a global leader in Business Process Outsourcing and Cloud services for financial transaction automation, signs a Virtual Operator agreement for e-invoice services together with the Swedish, cloud based, e-invoice company Scancloud AB. Scancloud’s software will be integrated within the BancTec cloud based invoicing service, BancPay.

BancPay is an intelligent invoicing service that allows all types of businesses to create and exchange invoices electronically to improve cash flow and reduce administrative costs. Free to join and easy to use, BancPay allows you to create your own business network to send, receive, approve and check the status of all your invoices on-line.

Mark Fairchild, president of BancTec explains, “BancPay can handle invoices of any type; whether they are directly entered into the BancPay portal, sent by email or even in paper format. And now with the integration of Scancloud’s software, BancPay can manage e-invoices created directly from a company’s accounting application. This removes the hassle of having to re-enter invoicing data, allowing you to access all the benefits of e-invoicing such as; guaranteed delivery, reduced errors, status visibility, better approval processes and a reduction in overheads.”

“Over the last 40 years, BancTec has built its reputation on delivering reliable, mission-critical systems to the financial services sector. By taking our expertise into the cloud, and targeting the important issues of e-invoicing, we can now offer the same benefits to a much wider range of businesses while keeping the focus on real world usability,” says Fairchild. “Highly affordable and easy to use, our intelligent cloud invoicing service allows businesses to interact with their customers and suppliers in a more efficient and collaborative way.”

Peter Persson, CEO of Scancloud AB, explains that Scancloud shares its vision with BancTec that e-invoicing will soon will be standard for most European companies. Not only for environmental reasons, but also because it is simply the most cost-efficient and secure way to manage your business finances. To date, most systems on the market have been directed to larger companies with complex installations. Until now there has been a lack of easy-to-use cloud based systems on the European market. BancPay, together with Scancloud’s integrated e-invoice services, offers an accessible solution that will solve these issues for all types of businesses in Sweden and across Europe.

About BancTec

BancTec is a global leader in business process outsourcing and cloud financial transaction automation services for organisations seeking to drive efficiency in their financial and back-office processes. Established over 40 years ago, with offices across Europe and US, and clients in 50 countries, BancTec leverages its proprietary IP and deep expertise to provide flexible, focused solutions across the financial services, insurance, healthcare, utility, transportation and government sectors. The company operates 27 BPO centers in Europe, the United States and worldwide, as well as providing cloud access to many of its services, including BancPay, in order to deliver reliability, security, and consistently high levels of performance. To learn more about BancTec, visit: www.banctec.com.

About Scancloud

Scancloud offers e-invoice, scanning and e-order services with fully owned and developed cloud based software called Scancloud Connect. We make it possible for Swedish and Nordic companies to connect and interchange inbound and outbound paper-, pdf- and e-invoices independent of business system, size or sector. The company was founded in 2006 and the founders behind the company have more than 15 years of experience from the e-invoice and scanning businesses. Scancloud have customers and partners both in the Nordics and in Europe. Our Swedish offices are located in Stockholm and Östersund.

Ian Painter

EMEA Head of Marketing, BancTec

Tel: +44 (0)1753 778888

Contact: marketing@banctec.co.uk

Website: www.banctec.co.uk

Peter Persson

CEO, Scancloud AB

Tel: +46-(0)70-666 33 76

Contact: peter.persson@scancloud.se

Website: www.scancloud.se