Repsol YPF has implemented cc-Hubwoo’s enterprise invoice resolution (EIR) system at its chemical division in Spain. EIR is a collaborative e-Invoicing system that lets trading partners generate, dispute and settle invoices electronically within a secure, legally compliant framework. The solution is compliant with the tax and legal regimes of Germany, France, Spain, Norway and North America. cc-Hubwoo president Alain Andreoli said, ‘With EIR, cc-hubwoo is making a significant step towards completing its Source-to-Pay offering. This solution extends significantly our existing transaction hub business, while also providing real value for suppliers, which supports our long term strategy.’
Choreography
EIR offers automatic matching, minimizing disputes and eliminating manual entry. Document ‘choreography’ is provided for various workflows which can be tailored to individual organizations. Support for cross-border invoicing hides complexity from users and unstructured data capture will aid convergence of paper-based systems to the e-Invoicing environment cc-Hubwoo’s clients include Total, Gaz de France, Shell, ConocoPhillips, ENI, Repsol YPF and Statoil. Its trading hub annually processes 2 million purchase orders representing €5 billion in customer spend value.
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