DataCert Europe Ltd., the leading global provider of
electronic invoicing and legal spend management solutions, today
announced that its newly released version of Advanced Invoice
Management System (AIMS), AIMS 3.7, allows corporations and law firms
to comply with the most stringent implementation of the European
Union's requirements for legally compliant cross-border electronic
invoice exchange. AIMS 3.7 enables corporations to easily receive
invoices from law firms and other providers worldwide while building a
valuable database of historical legal spend information.
Under European Union regulations, invoices must meet detailed and
strict requirements for data content, invoice storage, transmittal,
security and authenticity in order to recover the value added tax
(VAT) paid for these services. These demands vary from country to
country. The importance of this requirement is critical considering
the volumes and value of VAT-controlled legal invoices processed
annually by Fortune Global 500 corporations.
"We believe that AIMS 3.7 is the only legal electronic invoicing
and spend management solution that aids compliance with cross-border
European VAT laws," said Jeff Hodge, director and vice president of
EMEA business development. "AIMS 3.7 simplifies VAT and other tax
compliance issues for corporate law departments in Europe and beyond.
By not paying attention to VAT compliance, corporations can incur
costly fines and be unable to reclaim millions in VAT refunds."
AIMS 3.7 exposes only the information necessary within the
electronic invoice (e.g. date, location of service, sender, recipient
and VAT line item percentages and totals) to expedite VAT compliance.
Additionally, each invoice is signed with an electronic certificate
which is issued and verified by one of the leading certificate
authorities in Europe. DataCert and its affiliates are compliant with
the European Privacy Directive that requires protection of personally
identifiable information, often contained in legal invoices.
Availability
AIMS 3.7 is available immediately. For more information, please
contact DataCert at +44 207 849 3033 or e-mail
emeainformation@datacert.com. For North American-based inquiries,
please contact DataCert at 713-572-3282 or e-mail
nasales@datacert.com.
About AIMS
Advanced Invoice Management System (AIMS) is DataCert's web-based
application that not only facilitates the management of internal
matters, projects and intellectual property but also expedites the
approval and payment of electronic invoices between law firms and
vendors and corporate law departments. Its primary purpose is to help
managers control and manage internal work as well as proactively
analyze corporate legal spend. Using AIMS, legal invoices are
validated against established matter and project information and
corporate outside counsel guidelines, routed, adjusted and approved,
then posted to other internal systems and/or an accounts payable
system.
About DataCert
DataCert Europe and its affiliates are the largest and
fastest-growing suppliers of electronic invoicing and corporate legal
spend management solutions for Fortune(R) Global 500 companies
worldwide. DataCert's products and services provide a substantial
return on investment to corporations looking to better manage internal
work and reduce outside legal spending. DataCert Europe and its
affiliates have more than 6,300 customers worldwide, 45 of which are
Fortune Global 500 companies, and processes in excess of USD 9 billion
of e-invoicing data on an annualized basis. For more information,
please visit www.datacerteurope.com or www.datacert.com.
