A new business e-invoicing platform is being launched by automation and BPO company, Converga and enterprise purchase-to-pay specialist Palette Group, aimed at companies in Australia and the Asia-Pacific region.

Converga eInvoice is a platform powered by PaletteConnectivity Services (PCS), part of the PaletteArena accounts payable suite, designed to help companies cut their transaction costs, speed up invoice processing times, and enhance supplier relationships.

The platform provides transaction brokering between buyers and suppliers, enabling invoices to be delivered, received and processed electronically as easily as an email. This streamlines accounting processes by cutting out paper documents. Converga eInvoice enables both suppliers and customers to choose their preferred formats for invoices and enables easy integration with ERP and other business systems.

Paul Bellette, Converga’s General Manager Sales and Marketing said: “The Converga eInvoice enabled by PCS gives users the functionality and flexibility they need to quickly migrate their processes and start realising the benefits. We’re already seeing strong interest from our customers: at launch we expect to be handling over 60,000 invoices per month, and this is likely to double by the end of 2012.”

Mats Norbäck, Head of International Alliances for Palette Group said: “e-invoicing services give both suppliers and purchasers better control over their cash flow, through faster, more accurate and efficient accounting processes. They also cut processing costs, making them a win-win for all parties”.

Converga a 100% owned subsidiary of New Zealand Post, launched an enterprise purchase-to-payment suite in 2011, providing a web-based end-to-end solution for invoice management from generation to payment. It integrates with accounting, information and business systems to automate and streamline accounts payable activity across the organisation.