PBS and Celenia Software have initiated a collaboration to offer e-invoice as a module to customers and partners already using the Microsoft Business Solutions systems Axapta, Navision, XAL or C5 from 1 December 2004.

"With e-invoice as a supplementary module, Microsoft Business Solutions customers will be ready when the new rules enter into force on 1 February 2005," says Thomas Parbst, Division Manager, Microsoft Business Solutions.

"We are very satisfied with the collaboration with Microsoft as it promotes the use of the e-invoice. E-invoice enables companies to send electronic invoices to public authorities and companies, and companies save time and money by streamlining their processes," comments Lars Fruergaard, Deputy Managing Director for new business areas, PBS.

E-invoice is an electronic invoicing system which is used between companies and which is connected to the banks' office banking systems.

As of 1 February 2005, all government institutions must be able to receive invoices electronically according to an executive order issued by the Danish Agency for Financial Management and Administrative Affairs. According to the Danish Central Customs and Tax Administration, companies are only allowed to send their invoices electronically if the authenticity of the origin of the invoice and its integrity are secured via for example encryption or the signing of the invoice. This is assured by e-invoice.

Apart from meeting the new requirements for invoicing, which enter into force on 1 February 2005, companies using e-invoice will be able to cut costs on printing, postage and packaging. Administrative processes may also be facilitated as invoices can be sent more frequently and faster. This paves the way to the automation of bookkeeping and acceptance routines.