OB10 and Digital Planet, two e-invoicing solutions providers, have entered into a partnership agreement, effective for the Turkish market.
The announcement comes on the heels of new regulation around invoicing in the country. As of January 1, the Turkish government introduced more stringent legislation around e-invoicing in an attempt to claw back revenues lost in tax avoidance.
The partnership will see Digital Planet, a Turkish company, offer OB10’s solutions to Turkish companies. These include invoice processing solutions, invoice discounting and consultancy. OB10 will benefit from using the approval obtained by Digital Planet to offering such solutions in Turkey.
A host of organisations have been attempting to gain a foothold in the market ahead of the regulation. ING was the first bank to gain a license to offer e-invoicing, closely followed by Finansbank.
Edmund Truell, Tungsten Corporation’s CEO, says the partnership will allow clients to “take advantage of early payment discounts and improve payment performance”.
His counterpart at Digital Planet Adnan Vural says: “By presenting our services through a common platform, our alliance combines our local experience with global practices. We are proud that OB10 has chosen to work with Digital Planet after an extensive search in Turkey.”