Athens, June 6, 2011. HONDOS CENTER, the prime and largest known cosmetic retail chain and distribution network in Greece, is cooperating with Retail@Link, an ENTERSOFT group company , to implement e-invoicing solution, applying an innovative platform to interface with their suppliers.

HONDOS CENTER, selected the solution, which allows for the automated import and local management of all the invoices, provided by their suppliers. The key advantage of this cooperation is the elimination of the need for physical data entry and of the common mistakes deriving from this procedure. At the same time, a modern, reliable and secure, collaborative e-communication, platform, is available to their suppliers and partners, achieving faster, cheaper and more reliable processes and easier accounting conciliations.

HONDOS CENTER stores, being operational since 1967, offer expertise in the beauty retail market. Building up a network of 83 stores around Greece and employing more than 6.000 people, HONDOS CENTER are enlisted amongst the prime and largest known cosmetic chains and distribution networks in Greece and Europe. HONDOS CENTER’s main objective is “the pursuit and fulfillment of the contemporary consumer’s needs, offering thus a unique -one stop shop- shopping experience”. The company’s mission is to maintain a leading position in cosmetics and fashion retailing market and dynamically expand to other cities with great trading interest. (Source: http://www.hondoscenter.gr/about)

Athens, 19 April 2011. GOODYEAR DUNLOP HELLAS,the company with the most tire sales in Greece has chosen Retail@Link as their E-Invoicing provider,implementing solutions for the electronic distribution and archiving of paperless tax documents without the need of physical printing (e -Invoicing / Paperless), as well as for the Electronic Data Interchange (e-Invoicing / EDI).

GOODYEAR DUNLOP HELLAS, selected a solution, whichallows for the transmission management of outgoinginvoices to customers via e-mail or through Retail@Link’sHub, as well as the automatic import, local management and archiving of all electronic invoices from the company’s suppliers.

Furthermore, this serves for a legal and safe tax document dematerialization, better commercial agreements, paperless invoices archiving and notification of the parties involved regarding the transmission and receipt of the invoices. Finally this solution offers a storage medium for tax invoices and a special portal for safe document exploration, overview and download.

GOODYEAR DUNLOP HELLAS, is a leading tire company located in Greece and a subsidiary of GOODYEAR’s International Group of Companies, which pioneers in global tire manufacturing and distribution. With a 55 factory in 22 countries worldwide presence, GOODYEAR IG employs approximately 72,000 people globally, developing and selling tires,designed for most applications. GOODYEAR is Europe’s second largest tire manufacturer and itsgoal is to provide superior products and services to both end users and the tire trafficking channel.

Athens, 24 March 2011. KAFKAS S.A., the company with the most sales in electrical material in Greece, has begun collaboration with Retail@Link in the area of electronic invoicing, employing solutions for the automated transaction and filing of tax invoices without the need for paper printing (e-Invoicing / Paperless). .

KAFKAS S.A. chose the “BizDoc Service Enterprise Edition” solution which allows for the local management and filing of the company’s suppliers’ incoming invoices as well as the outgoing invoices to its clients, while at the same time providing the possibility for further collaboration by ASP.

This e-Invoicing solution enables KAFKAS S.A. to manage the transmission of outgoing invoices to customers as well as the automatic import of electronic invoices from the company’s suppliers, all of this either via e-mail or through Retail@Link. What’s more, this makes for a faster invoicing process including the tax compliant and secure invoice transmission, better commercial agreements between the company and its partners, a storage medium for tax invoices, and notification of the parties involved regarding the transmission and receipt of invoices.

The nature of the business carried on by the company KAFKAS S.A. is the provision of electrical material and lighting solutions, services and products to a wide range of customers from electricians to construction companies. KAFKAS S.A. covers a huge part of the electrical material market, with 28 key points of sale all over Greece, achieving revenue of 80.2 million euros in 2010.

“The “BizDoc Services" application gives us the flexibility to locally manage the project at hand, but at the same time also provides us with the possibility of collaborating with other ASP models when so we desire,” stated Mr. George Kanios, Sales and Marketing Manager of KAFKAS S.A. “We chose to work with Retail@Link in the area of e-invoicing because, apart from their experience, the quality and breadth of their applications, we saw a reliable partner that comprehends our business needs and contributes to our company’s philosophy for the creation of high added value to our customers via the provision of new products and continuous support at all levels.”

Athens, 11 January 2011. PIPELIFE,the biggest supplier of plastic pipe systems in Greece, has been collaborating with Retail@Link since end 2010 for electronic invoicing, applying solutions for the automated transaction and filing of tax invoices without the need for paper printing (paperless e-invoicing), and data transfer through Electronic Data Interchange (EDI e-invoicing).

Retail@Link’s solution provides a platform for the secure and legal transmission of tax invoices, account reconciliation, archiving, and updating the various parties involved regarding invoice transmission and receipt. Furthermore, there is provision of a storage medium for invoices of a particular time period for both receiver and sender, along with a special portal for the searching, viewing and downloading of invoices.

PIPELIFE is active in 29 countries with over 31 production sites and employs over 3,000 people. It is one of the largest suppliers of plastic pipe systems in Europe. PIPELIFE Hellas SA allocates modern installations in Theves with 12.500 m2 - 65.000 m2 of warehouse space, producing pipe systems from polyethylene (ΡΕ), polypropylene (ΡΡ) and PVC. It covers the breadth of applications that is needed today in the Greek market, such as in the transportation of surface water, the area of building applications, agriculture, electrical systems, utilities, etc. The company is committed to environmental responsibility, having phased out the use of lead from 2008 using only ecological stabilizers, and it is the only company of its field in Greece that was awarded by the European Union for its environmental-oriented program.

“The application of electronic invoicing was a one-way street for PIPELIFE, given that our vision is to create stable added value for our company, our clients and the environment. Our goal is the constant improvement of quality of life, offering reliable and high quality solutions,” stated Mr. George Lyssaios, General Manager of PIPELIFE Hellas SA, “We chose to collaborate with Retail@Link in the area of e-invoicing because, apart from the quality, breadth and flexibility of their services, we found a reliable partner that could support us with achieving our goals.”

Athens, 8 December 2010. . “Dealing with the Crisis” was the main theme of the 10th annual Sales Conference, which took place at the Natural Museum of History (GNHM).

Retail@Link, member of Entersoft Group of Companies, was a Conference sponsor. The company presented its “e-invoicing” solutions, which lead to considerable cost reduction and added value services. They also provide businesses with the tools required to adhere to the new requirements of the legislative plan (Article 20) regarding electronic invoicing. In parallel, these solutions offer businesses the competitive advantage that is crucial, especially during the present global financial crisis.

There was also great interest regarding Entersoft’s products and in particular “Entersoft Business Suite” CRP, e-Commerce, Mobile, and Retail, which offer a holistic and reliable solution during these challenging times, in combination with Retail@Link’s services.

Athens, 14 November 2010. LeasePlan, a world leading fleet and vehicle management company, has selected Retail@Link S.A. (member of Entersoft Group) for the provision of its e-invoicing services, implementing solutions for the electronic transmission and filing of invoices without the need for paper printing.

LeasePlan’s mission is to “achieve global and local leadership in providing cost efficient, flexible and integrated vehicle management solutions to corporate customers and consumers.” The company dynamically entered the Greek market in 2003 and revolutionized the operating leasing sector with its innovative car fleet management.

The e-invoicing service allows LeasePlan to send its customers invoices automatically and electronically and on specific dates. In this way, the company benefits from a more environmentally friendly and economic invoicing solution as paper handling, ink and postage expenses are eliminated. It is via the Retail@Link e-invoicing portal that each and every one of LeasePlan’s customers may have the ability to receive structured invoice data (via EDI) in order to gain further benefits from the direct, automated data entry into their ERP systems (through elimination of manual data entry).

The main benefits that LeasePlan gains from the application of the e-invoicing solution are the tax compliant and secure transmission of invoices, their filing, the timely notification of the parties involved regarding the transmission and receipt of invoices, the matching of data between the invoices and the EDI message equivalents, the provision of a storage medium, as well as access to a customized web page, which functions in line with LeasePlan’s corporate identity, and is used for the safe browsing, viewing and local storage of invoices.

It is estimated that LeasePlan will serve electronically more than 1.000 customers, composed of a fleet of over 10.000 cars. “Our vision is the development of social responsibility along many sectors, starting with LeasePlan’s internal operations and achieving reductions in CO2 emissions as well as applying compensatory energies by incorporating “green” practices. The implementation of Retail@Link’s e-invoicing solutions greatly contributes to accomplishing our vision”, stated Mr. Philippos Zagorianakos, Managing Director LeasePlan.

Athens, 1 November 2010. According to Professor Alessandro Perego’s (Politecnico di Milano School of Management) study, recently presented at the International e-Invoicing Summit in Munich, businesses can experience a savings potential of up to 65 EUR per process cycle (including Order, Delivery, Invoice and Payment). In this way, the more conventional method of generating, sending, storing and handling invoices becomes “digitized.”

The present adoption rate of e-invoicing in Greece is drastically accelerating. There was a 45% increase in the first semester of 2010 alone as compared with the 2009 results. Today, it is calculated that, from a total of 200-250 million invoices that are issued annually, 2,5 – 3% of B2B invoices are handled electronically, a coverage that has accumulated in the last 5 years exclusively by the private sector. RETAIL@LINK is a forerunner in the e-invoicing area, with the biggest market share.

At the 6th European EXPP e-invoicing Summit, Mr. Bruno Koch presented international studies which forecast that by the end of 2015 e-invoicing in Greece will reach a total coverage greater than 70%.

Furthermore, it is indicated that the official legislation that awaits to be released will make compulsory the electronic transmission, recognition and storage of these e-invoices in the future, only if one or more of the following applies: a) invoices exchanged are between private companies and [also] the public sector, b) commercial transaction is greater than a particular amount, or c) invoices pertain to certain sectors. In this context, RETAIL@LINK is already in the position to offer its customers the business benefits of electronic invoicing, as the company is already compliant with the current and “to-be” value-added tax regulation. It also contributes to the development and competitiveness of our country by employing “green” practices.

Businesses are already aware of the advantages and the benefits that they could incur through the application of e-invoicing, especially in combination with the automated and structured transmission of invoices via EDI. Finally, in the midst of today’s global economic crisis, investments in such solutions are quickly amortized, even within a 6 month period, something that brings about realistic and quick wins to businesses.

Three Greek professors will be honoured on “Business Case Studies” ceremony that will take place on 25th of September 2009 at London. Specifically, Dr Katerina Pramatari and professor Georgios Doukidis from Athens University of Economics and Business in co operation with professor Theodoros Evgeniou from INSEAD have been awarded in the category «Knowledge, Information and Communication Systems Management» for the writing of the case study «Internet Enabled Collaborative Store Ordering: Veropoulos Spar Retailer (A)», which is based on Retail-link’s ordering support system.

Below is the relevant publication from the newspaper KATHIMERINI, on May 17th 2009.

http://news.kathimerini.gr/4dcgi/_w_articles_economyepix_1_17/05/2009_314977