TNT to offer e-Invoicing with digital signatures

JOC Staff |
Singapore, 19 August 2009 – TNT today announces that customers in Singapore, Malaysia, Indonesia, Thailand, Cambodia, Vietnam, Philippines, Hong Kong and India, will enjoy the benefits of eInvoicing – secure electronic invoicing with digital signatures attached. The webbased service, which is provided free of charge, offers time- and cost savings, environmental and security benefits for both TNT and its clients. TNT is offering the new eInvoicing data in several formats, including PDF and CSV.

Onno Boots, regional managing director of TNT Asia, said, “The introduction of eInvoicing underlines TNT’s commitment to offering unrivalled customer service. In today’s highlycompetitive business environment, time is money. By making invoicing less time-consuming and more adaptable to our customers’ specific requirements, we are freeing them up to focus on what they do best: running their businesses.”

Just as email is more efficient than snail mail, eInvoicing offers significant time-saving benefits. eInvoicing reduces paper handling costs and improves the accounts payable management process.

The electronic invoices are available for download in a number of formats, including PDF and CSV. Managing shipping transactions is more straightforward as customers can easily download and consolidate the invoicing data into their own accounting systems. eInvoicing ensures that TNT and its customers make an invaluable contribution to achieving environmental sustainability. Reducing the number of paper invoices saves trees and reduces disposable waste. TNT’s eInvoicing service is already available in 42 countries worldwide, with 14 more countries to be implemented this year and TNT estimates that it could eventually eliminate up to one million paper invoices per month.

TNT’s eInvoicing addresses the issues of data protection and security. Password-protected accounts on secure websites, provide more security than a potentially vulnerable paper trail.

Damien Tan, managing director of TNT Singapore, said, “The new eInvoicing service has been designed with the requirements of our customers in mind; requirements which we have worked closely with them to identify. It addresses key business issues such as competitiveness, cost-cutting and efficiency. Such issues are a key priority, especially in the current economic environment. Going forward, we will continue to work on improving the service we offer our customers and helping to grow their profitability.”

About TNT
TNT provides businesses and consumers worldwide with an extensive range of services for their mail and express delivery needs. Headquartered in the Netherlands, TNT offers efficient network infrastructures in Europe and Asia and is expanding operations worldwide to maximise its network performance. TNT serves more than 200 countries and employs more than 163,000 people. Over 2008, TNT reported €11.1 billion in revenues and an operating income of €982 million. TNT is officially quoted on the Amsterdam Stock Exchange. TNT recognises its social responsibility and has formed partnerships with the United Nations World Food Programme and the United Nations Environment Programme to fight hunger and pollution in the world. Our efforts are being recognised; in 2008 TNT again reached the highest score of all companies included in the Dow Jones Sustainability Index and in the Carbon Disclosure Project in the carbon intensive sector. More information about TNT can be found on its website http://group.tnt.com.