Borealis, one of the global leading providers of plastic material solutions, reduces costs by using AuthentiDate solution
AuthentiDate signature technology completes international procurement process
Düsseldorf – May 28, 2009
Borealis, one of the global leading vendors of plastic solutions replaced its paperbased procurement process of credit notes by electronic credit notes, signed digitally.
AuthentiDate had been selected to provide its global, long term proven signature solution. More than 200 Borealis suppliers in 10 different European countries, including Estonia, Poland, Spain and UK, do benefit already day by day from the new signature solution.
Borealis is represented in 20 countries worldwide and serves customers in more than 120 countries. "Our Shared Service Centre in Belgium operates the accounting system, con-nected to suppliers all over the world", explains Eddie van den Eede, Head of Accounts Payable at Borealis. "We intended to enhance this service with an international proven signature solution, compliant to the different local regulations. We selected the AuthentiDate technology because it has been a proven solution for many years, serving various global corporations and it smoothly integrated into our existing infrastructure."
Credit notes are generated at Borealis using the ERS method. ERS means Evaluated Re-ceipt Settlement. This method had been established throughout the manufacturing industry since the seventies and Borealis had implemented ERS with all suppliers having 10 or more invoices per month.
The ERS records are centrally generated from SAP at the Shared Service Centre Belgium and digitally signed with a qualified signature using the AuthentiDate technology. After signing the signed credit notes (ERS) are submitted to suppliers throughout Europe. To simplify handling of digital credit notes for Borealis’s suppliers, the Service Centre provides fully automated verification reports together with the digital credit note, as well as a centralized archiving facility.
Immediately after introducing the new digitally signed credit notes the benefits of the new process became obvious Borealis and its suppliers:
- Cost reductions of more than 90% by replacing paper based processing
- Substantial expense reduction through reduced accounting errors
- Improved cash flow for suppliers through optimized accounting processing
It is intended to extend the new digital process into other invoicing areas to help further reduction of paper documents. Next milestones at Borealis are submitting digitally signed invoices to customers and accepting digital invoices from suppliers.
About Borealis
Borealis and Borouge are leading suppliers of innovative, high-quality plastic materials. With more than 40 years of experience in polyolefin and using our unique Borstar® technology, we focus on providing plastic materials to the infrastructure, automotive and advanced packaging. Our production facilities, innovation centres and service centres in Europe, the Middle East and Asia work with customers in more than 120 countries to develop and produce materials that make valuable performances to the society and contributing to the sustainable development. We are committed to the principles of Responsible Care® and to leading the way in Shaping the Future with Plastics.
About AuthentiDate International AG & AuthentiDate Deutschland GmbH
AuthentiDate (Düsseldorf) is the inventor of the centralized, qualified mass signature and one of the leading providers within the international signature market. The signature and IT-security specialist has been a pioneer for years and is influencing the signature market with its innovations.
More than 50% of the German health insurance companies and international companies and organizations, such as EnBW, HAYS, METRO Group/MIAG C.V., SABIC, SOLVAY Chemicals und TÜV Rheinland have been using AuthentiDate signature products successfully for many years.
AuthentiDate technologies meet the strict requirements of the German Signature Law and the European Signature Directive. AuthentiDate International AG is accredited certification service provider by the Federal Network Agency and runs a Trust Center in compliance with the German Signature Law.
About Authentidate Holding Corp.
Authentidate Holding Corp. (Authentidate®) is a worldwide provider of secure Health Information Exchange and workflow management services. The company's software and web-based services enable healthcare organizations and other enterprises to increase revenues, improve productivity and reduce costs by eliminating paper and manual work steps from clinical, administrative and other processes and enhancing compliance with regulatory requirements. The web-based services are delivered as Software as a Service (Saas) to customers. These solutions incorporate rules-based electronic forms, intelligent routing, transaction management, electronic signatures, identity credentialing, content authentication and automated audit trails. Both web and fax based communications are integrated into automated and trusted workflow solutions. The company has offices in the United States and Germany. In the United States we offer our patent pending content authentication technology in the form of the United States Postal Service® Electronic Postmark® (EPM).
For more information, visit the company's website at www.authentidate.com
AuthentiDate International AG
Rethelstraße 47
40237 Düsseldorf
Fon +49 (0)211 43 69 89-50
Fax +49 (0)211 43 69 89-19
Judith Balfanz
VP Marketing
Email presse(at)authentidate.de
www.authentidate.de
