Swedbank winning award

to the e-invoicing repository:

Technorati Tags: e-invoicing

Swedbank received the IDC EMEA 2007 Award for ICT Innovation for a project that
adds B2B e-invoice exchange services to Swedbank’s product portfolio. The einvoicing
project was based on an on-demand service from TietoEnator. Swedbank
was one of three companies to receive the IDC EMEA 2007 Award for ICT Innovation
this year.
The IDC EMEA 2007 Award for ICT Innovation aims to nominate outstanding organisations in
EMEA with proven excellence in using information and communication technology (ICT) as a
tool for business innovation.
Instead of selecting a traditional IT system implementation model, Swedbank’s approach was
to package and integrate the white labelled on-demand services from TietoEnator. The einvoicing
service covers both sales and purchase invoicing between organizations of all sizes.
Now with the new B2B e-invoicing service Swedbank can reach all corporate customers and
create solutions to support their financial value chain processes beyond payments. This
provides new revenue, deeper customer intimacy, improved customer retention and enables
further development of other financial services integrated with trading processes, like cash
forecasting and working capital financing.
In the mid-nineties Swedbank was one of the first Nordic banks to launch a B2C e-invoicing
solution.
“At the moment, all banks face a lot regulatory demands, which slows down the realization of
business-driven initiatives. By embedding TietoEnator’s white labelled services into the
solution, Swedbank was able to scale down the project’s resource needs and size, giving the
bank the ability to launch new products quicker in order to win new business based on an
early mover advantage. This solution has enabled a fully automated off-the-shelf selling
process of B2B e-invoicing products, integrated into Swedbank’s existing sales support and
ERP systems.” says Leif Karlsson, Head of Product Management, Payments, Swedbank.
“End-user centric design combined with the use of an e-banking framework for small and
medium size enterprise services introduces several benefits. It’s a real-world example of IT
consumerization, where users can utilize existing trust and skills gained in e-banking. By
combining the selling power of Swedbank’s existing sales organisation and TietoEnator’s
services and technical expertise, we have created a win-win situation,” says Mats Wikström,
Vice President of Value Networks at TietoEnator Digital Innovations.
See the video presentation of the Swedbanken solution:
HiRes 700k: http://di-webcast.tietoenator.com/spread/asx.asp?video=070911184806
LowRes 290k: http://di-webcast.tietoenator.com/spread/asx.asp?video=070911183801