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2006-09-18 News Release

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Chemicals and pharmaceutical group pioneers e-billing solution

An international chemicals and pharmaceutical group offers an innovative e-billing solution to its customers while complying with strict European Union requirements.

Aimed at facilitating the treatment of invoices and cutting costs, Solvay is the first European Chemical group to offer an innovative e-billing solution to its customers.

The e-billing solution which Solvay is implementing in its chemical and plastics sectors allows the distribution of legally formal invoices through electronic mail. This generates a number of advantages for customers, such as the optimization of the circulation of the invoice within their organization and shorter processing times, thanks to automated systems and real-time information.

Find Information and Suppliers of digital signature software.

Every e-bill is accompanied by a qualified electronic signature compliant with the provisions of the most recent relevant European Union legislation. The electronic signature that accompanies the invoice, as set out in EU legislation, guarantees the authenticity of the invoice’s origin and the integrity of its contents. It has the same value as the handwritten signature of a physical person, which ensures its validity.

The leading edge solution, providing substantial cost savings for invoice senders and recipients, is based on software licensed from AuthentiDate, a German based specialist for global software solutions using digital signatures and time stamps.

The e-billing solution complements the other Solvay solutions in e-business: customers can be integrated through Solvay’s Extranet or through Elemica, the chemical industry's order processing and supply chain management network.

Elemica offers a broad range of functionality that enables inter-company commerce. Their solutions bring value to buyers and sellers of chemicals as well as industry service providers. Through the Elemica Connected Solution, Web and Supply Chain Solutions, Elemica provides value to their clients by automating business processes such as the buying and selling of chemicals and then extends the value of that connection by creating new marketing channels and efficiency opportunities via their web solutions and supply chain offerings.

The Group’s subsidiaries and affiliates which apply the new e-billing solution include Solvay Chemicals International, Solvay Advanced Polymers, Solvay Benvic, Solvay Solexis and SolVin. Solvay Chemicals International, acting as a frontrunner, has been implementing the e-billing solution in Spain with a major international chemical products distribution group, since last July.

Find Information about Solvay Group.

Read a recent press release about - Plastics resin manufacturer Solvay and plastics molder Magee Plastics identify key components need for the aviation and aeronautics industry.

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