Blockchain Press Releases
Basware Commits To Support Electronic Invoicing In France
The leader in invoice automation aims to support digitization of French businesses by announcing its application to become a Partner Dematerialization Platform (PDP)
PARIS, Aug. 1, 2023 /PRNewswire/ — Basware, the leader in making AP automation and invoice processing happen, announced its Partner Dematerialization Platform (PDP) application on July 28th 2023, to support French businesses sending and receiving invoices digitally.
All businesses subject to VAT in France will soon be required to receive and send invoices electronically. Recently, the French government decided to postpone the implementation of the system, previously scheduled for July 1st 2024, in order to allow sufficient time for the reform to be a success. Basware is committed to becoming a PDP provider to support French businesses through this significant transition. Additionally, it offers Dematerialization Operator (OD) services, allowing customers to choose the solution that best suits their needs.
A trusted partner at the forefront of electronic invoicing
With 40 years’ experience working with major brands such as Vinci, HP, DHL and Mercedes-Benz, Basware is a pioneer in digitalization and electronic invoicing, present in 175 countries worldwide. In France, Basware is actively involved in the roll-out of electronic invoicing and the implementation of the new reform. As member of the PDP working group launched by the French Public Finance Department (DGFIP), Basware is also part of the National Forum for Electronic Invoicing (FNFE-MPE), which is working to implement this reform.
For a company, the decision to connect to the new ecosystem via an OD or PDP approach depends on several parameters: digital maturity, volumes processed, EDI history, international presence, and others. By offering both a PDP and an OD solution, Basware is now able to help all companies find the best dematerialization solution suited to their needs and business processes.
Alexis Hartmann, VP of France and UK at Basware, commented on the application:
“Basware has been established in France for over 20 years, and 350 French companies have already placed their trust in us and are working with us to comply with the French mandate. By becoming a PDP and OD, we want to offer an integrated solution that concentrates all types of workflows and formats (UBL, CII, Factur-X). For companies, this integrated approach will guarantee a 360° view, in real time, of their entire invoicing process.”
Jason Kurtz, CEO at Basware, added:
“Even before this reform was introduced, Basware has been supporting its customers in countries where dematerialized invoicing has been implemented (such as Italy) and integrating electronic formats for many years. Our long-standing expertise in the market and our strong involvement in the various working groups dedicated to these issues with the DGFIP and the FNFE positions us as a major player in this reform. Becoming a PDP is not something that can be improvised: our investments over the past 40 years and our proven expertise in all financial workflows demonstrates our position as a leader in true invoice automation. We are committed to helping businesses become digital by processing invoices fully online, which saves them money, keeps them compliant and reduces risk.”
An integrated approach to ensure a real-time view of the invoicing process
Certified by the International Information Security Standard ISO/IEC 27001, Basware’s solution is already connected to several government platforms, including Chorus Pro, as well as interoperability networks such as Peppol. As a result, it meets all the requirements for processing invoices, such as archiving with probative value, and reliable audit trails. With an open network of over 250 ERP systems and more than 70 supported invoice formats, Basware also offers tailor-made integration with corporate management systems, as well as complete coverage, anywhere in the world.
Another strong point that sets this platform apart from other solutions within the market is Basware’s technology that enables touchless invoice processing. Powered by AI and machine learning, Basware’s advanced invoice automation minimizes exception handling, eliminating the need for finance teams to manually manage invoices. Finally, Basware’s in-depth expertise ensures that the risks associated with compliance and highly complex, fragmented, and ever-changing local and international regulations are reduced.
Beyond the electronic invoicing reforms
In addition to electronic invoicing, the e-reporting function offered by Basware goes far beyond the requirements of the French mandate. A real asset for business, it will enable companies to make the most of financial automation: digitalizing all processes, increasing levels of automation, and transmitting accurate information in real time to decision-makers.
Alexis Hartmann concluded:
“While the move to electronic invoicing may intimidate some companies who see it as a constraint, this reform should be seen as an opportunity to accelerate their business. Basware is committed to supporting companies on a day-to-day basis in mastering this transition, helping them to understand the regulations, its impact, and its opportunities.“
Basware in figures
- 40 years‘ experience – present in 175 countries
- 170 million invoices processed per year
- VAT compliance in more than 60 countries
- Over 70 electronic invoice formats supported
- Number 1 worldwide for “AP invoice automation” according to Gartner
- Number 1 in global geographical coverage according to Forrester
- Leader in Accounts Payable Automation according to IDC
For more information on the French mandate, its timing and how businesses can prepare, visit here.
About Basware
Basware is how finance leaders in global enterprises can finally automate their complex, labor-intensive invoice processes and stay compliant with regulatory change. Our AP automation and invoicing platform helps you achieve a new level of efficiency – in a matter of months – while reducing errors and risks. We bring a unique combination of true automation, complete coverage, and deeper expertise to make it all just happen for our customers. That’s why the world’s most efficient AP departments at 700+ global customers rely on Basware to handle over 170 million invoices per year. Basware. Now it all just happens.™
Media contact
[email protected] , +44(0)7787266758
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Blockchain Press Releases
Institutions Have Doubled their Bitcoin Allocations this Year, New Bybit Report Shows
DUBAI, UAE, Dec. 1, 2023 /PRNewswire/ — Bybit, the world’s third-largest crypto exchange by volume, has released new research offering analysis of how traders adapt their strategies in fluctuating market conditions. “Navigating Bull and Bear Markets — A Dive Into Asset Allocation,” uses Bybit’s proprietary data and is the first initiated by a crypto exchange.
The report provides a detailed examination of asset allocation strategies employed by different cohorts — institutions, VIPs, and retail traders — especially in the volatile market environment since December 2022.
Key findings include:
- Institutional Investors: Predominantly holding 45% in stablecoins, 35% in Bitcoin, and 15% in Ether, institutions emphasize liquidity and strategic diversification. Notably, their Bitcoin holdings nearly doubled in the first three quarters of 2023.
- Ether Trends: A decline in institutional interest in Ether has been noted, although upcoming market developments, like the rumored BlackRock spot Ether ETF, could shift the trend.
- Retail Trader Behavior: Retail traders are observed to hold more stablecoins, suggesting a more cautious allocation to riskier assets compared to traditional finance norms.
- Altcoin Investments: Both retail and VIP traders show higher altcoin holdings than institutional investors, although these remain a minor part of total portfolios, indicating caution, perhaps due to a hangover from the recent bear market.
“This report is a testament to Bybit’s commitment to empowering our users with actionable insights,” said Ben Zhou, co-founder and CEO. “Understanding how different market participants navigate the complexities of bull and bear markets is crucial. We believe this research will not only enlighten our traders but also contribute to the broader crypto community’s understanding of market dynamics.”
#Bybit / #TheCryptoArk
About Bybit
Bybit is a top-three cryptocurrency exchange by volume with 20 million users established in 2018. It offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X (Twitter) | Youtube
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Blockchain Press Releases
Set Sail on a Crypto Voyage: Bybit Announces ByBUIDLERs Cruise Contest to Dubai in Partnership with Sea Summit
DUBAI, UAE, Dec. 1, 2023 /PRNewswire/ — Bybit, the world’s third-largest crypto exchange by volume, is excited to announce the ByBUIDLERs Cruise Contest, an extraordinary opportunity for crypto enthusiasts in India. This contest offers a chance to win a luxurious 10-day cruise from Mumbai to Dubai, coupled with an exciting Sea Summit experience and a visit to Bybit’s Dubai office.
Introducing ByBUIDLERs
ByBUIDLERs is Bybit’s initiative that combines grassroots enthusiasm with the thrilling world of cryptocurrency. Designed for crypto aficionados, the program invites participants to engage with the community, create compelling content, and contribute to Bybit’s growth and outreach.
Participation Steps
- Enlist as a ByBUIDLER: To join, provide your name, email, and social media profile link. Express in 100 words your excitement about becoming a ByBUIDLER via our Google form.
- Take the Bybit 5th Anniversary Personality Quiz: Complete the personality quiz and share your results on social media, highlighting how your personality influences your crypto journey.
- Participants must post their entries before December 6th, tagging @Bybit and @TheSeaSummit, using the hashtags #ByBUIDLERcruisetrip and #High5Bybit.
Rewards
The top five most creative ByBUIDLERs, judged by their engagement and creativity, will embark on the Sea Summit 10-day luxury cruise, setting sail from Mumbai to Dubai. The cruise is also a crypto summit where winners will meet leaders in crypto, participate in educational events, and attend themed party nights.
#Bybit / #TheCryptoArk
About Bybit
Bybit is a top-three cryptocurrency exchange by volume with 20 million users established in 2018. It offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For media inquiries, please contact: [email protected]
For more information please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X (Twitter) | Youtube
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Blockchain Press Releases
Bitget Wallet Integrates TON Mainnet, Prepares for TON and Telegram-Based Innovative Products
Bitget Wallet Integrates TON Mainnet, Prepares for TON and Telegram-Based Innovative Products
VICTORIA, Seychelles, Nov. 30, 2023 /PRNewswire/ — The leading Web3 trading wallet, Bitget Wallet (formerly known as BitKeep Wallet), now supports TON (The Open Network). TON, a high-performance Layer 1 blockchain, was initially designed by the Telegram team and later advanced by the community.
The TON integration allows users to add the TON network with a single click, manage assets, and perform on-chain transactions. Looking ahead, Bitget Wallet plans to further expand its services to include support for TON ecosystem DApps, token trading, and candlestick chart features. Additionally, Bitget Wallet is set to launch innovative products and services based on TON and Telegram, such as the Telegram Red Packet feature.
TON, with its Telegram-originated blockchain solution, is designed for high scalability, targeting millions of transactions per second (TPS) to serve Telegram’s extensive user base. This performance capability positions TON as a pivotal player in the evolving digital landscape. By building a Web3 ecosystem within Telegram, TON is committed to bridging Web2 and Web3, promoting the widespread adoption of cryptocurrencies and decentralized technologies.
Bitget Wallet’s support for TON reflects a recognition of its innovation and anticipation of Telegram’s user base venturing into Web3. This aligns with Bitget Wallet’s ongoing commitment to providing convenient, user-friendly product experiences and opening the doors to Web3 for its users.
To date, Bitget Wallet has served over 12 million users worldwide, becoming one of the most popular crypto hot wallets globally, with its app ranking fourth in global downloads in October. The integration with the TON mainnet is also expected to enhance the liquidity and user base of the TON network.
About Bitget Wallet (Web3 trading wallet)
Formerly known as BitKeep, Bitget Wallet stands as Asia’s largest and global frontrunner among all-in-one Web3 trading wallets. We offer a comprehensive range of on-chain products and DeFi services to our users, including wallet functionality, Swap feature, NFT trading, DApp browsing, MPC Wallet and more.
With a 5-year legacy, Bitget Wallet has garnered acclaim from over 12 million users worldwide and has secured partnerships with prominent industry leaders including Ethereum, BNB Chain, Arbitrum, Polygon, Solana, Base, and others. This success stems from our commitment to consistently delivering secure and convenient products and services.
In March 2023, Bitget, a leading crypto derivatives trading platform made a substantial $30 million investment in BitKeep, acquiring a controlling stake. Following this strategic move, BitKeep underwent a transformative and strategic brand evolution in August, officially rebranding itself as Bitget Wallet.
For more information, visit: Website | Twitter | Telegram | Discord
View original content:https://www.prnewswire.co.uk/news-releases/11-30—bitget-wallet-integrates-ton-mainnet-prepares-for-ton-and-telegram-based-innovative-products-302001956.html
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