AuthentiDate International AG
METRO Group distributes Electronic Invoices using the AuthentiDate Solution
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METRO Group distributes Electronic Invoices using the AuthentiDate eBilling
Signature Solution
Electronic Invoice Implementation is Part of a World-Wide Master Agreement for
Signature Solutions
Schenectady, NY/Düsseldorf (Germany), Baar (Switzerland), November 03, 2004 –
AuthentiDate International, AG, a subsidiary of AuthentiDate Holding Corp.
(NASDAQ: ADAT), announced today that it has signed an agreement with MIAG
C.V., the central payment-processing subsidiary of the METRO Group. Under this
agreement, MIAG is using the AuthentiDate eBilling signature solution in an
initial project under a world-wide master agreement for digital signature
solutions, such as electronic distribution of digital invoices for collection.
The METRO Group is planning to optimize other business processes and reduce
costs in the future with digital signatures. All of the worldwide companies of
the METRO Group can use the various AuthentiDate signature solutions under
uniform terms through this master agreement.
AuthentiDate will generate revenue through upfront licensing and transaction
fees.
In the current project, the AuthentiDate eBilling signature solution enables
MIAG C.V. to send digitally signed invoices for the METRO Group in accordance
with the requirements of the (German/EU) VAT law and the EU Invoice Directive,
which protect electronic invoices against undetected manipulation.
The AuthentiDate signature solution is used by MIAG C.V. in Switzerland. MIAG
C.V. acts as the central handling company of the international payment
transactions of the METRO Group and issues about 34 million invoices annually
to the international business partners of the METRO Group.
Up to now, paper invoices had to be sent through postal organizations to allow
input-tax deduction by their recipients. Electronic invoices can now be signed
in compliance with existing laws using the AuthentiDate signature solution,
and satisfy the requirements of the VAT law. Accordingly, additional paper
invoices are no longer necessary. The implemented solution provides high
potential savings for the METRO Group, as well as simplifies and saves
resources for the invoice recipients.
To improve and drive customer acceptance on the invoice recipient’s side, a
very convenient and easy to use way to check digital signatures is part of the
integrated AuthentiDate eBilling signature solution. Invoice recipients can
use a web based service to verify the digitally signed invoices. An internet
browser is sufficient to make use of this service, which is also provided by
AuthentiDate.
“The AuthentiDate eBilling signature solution was able to be set into
production in a very short period of time at our company and fit seamlessly
with our existing IT infrastructure with absolutely no problems”, stated
Silvio Hasler, CIO of MIAG C.V “Furthermore, the high level of expertise and
comprehensive practical experience of AuthentiDate in the overall signature
environment provided great benefit to us.”
“We are very proud that we have been successful to win the METRO Group, the
world’s fourth-largest retailer, as another international company as one of
our customers,” said Jan C. Wendenburg, Chief Executive Officer of
AuthentiDate International AG. “The quick, professional way of implementation
and the world-wide master agreement will allow further substantial
optimization and cost savings in the future, even above and beyond the
electronic invoice.”
The AuthentiDate eBilling signature solution is already being used at other
international and global companies, i.e., by National Car Rental, John Deere
and Dow Chemical and other well known companies.
AuthentiDate also announced that it has been nominated for the 2004 German
Internet Award for the eBilling solution by the German Federal Ministry of
Commerce and Labor.
Illustrations available upon request
About AuthentiDate International AG
AuthentiDate International AG (http://www.authentidate.de), Düsseldorf,
Germany is the first accredited certification provider, certified by the
German Regulatory Authority for Telecommunications and Posts (RegTP),
specializing in qualified timestamps compliant with the strict regulations of
the new German signature law and the European signature guidelines.
AuthentiDate specializes in business process solutions based on electronic
signatures and timestamps. These solutions feature easy integration, high
economic efficiency, platform independence and protection of investment.
Nationally and internationally well-known companies in various industries
utilize AuthentiDate signature solutions to achieve legal security in the
areas of eBilling, archiving, scanning and workflow. In addition,
AuthentiDate’s signature technology is already integrated in products of other
manufacturers; therefore legal security for business processes is
automatically available for many companies.
AuthentiDate is present in Europe, the USA and also through partners in Asia.
AuthentiDate Holding Corp, Inc. has its headquarters in the USA (New York) and
is listed on the NASDAQ stock exchange (ADAT) and in Germany (WKN 893715).
About Metro International AG
MIAG C.V. Diemen NL, Branch Baar, is part of the METRO Group and handles the
processing of payment transactions (collection and central processing) for the
assigning European companies and their suppliers, the del credere and
international coordination tasks. http://www.miag.com
About METRO Group
The METRO Group is the fourth-largest retailing company in the world. It had
a sales volume of 53.6 billion EUR in 2003 and employs more than 240,000
people in 28 countries. The METRO Group arose in 1996 from the merger of
several major retailing companies and is comprised of the distribution
channels of Metro Cash & Carry International, Real self-service department
stores, Extra consumer markets, Media Markt and Saturn electronic specialty
stores, Praktiker construction and handyman stores and Kaufhof Warenhaus AG
today. http://www.metrogroup.de
Contact:
AuthentiDate International AG MIAG C.V. Diemen NL, Branch Baar
Großenbaumer Weg 6 Neuhofstraße 4
D – 40472 Düsseldorf CH – 6341 Baar
Tel. +49 (0)211 – 43 69 89 0 Tel. +41 (0)41 – 768 72 32
Judith Balfanz Silvio Hasler
VP Marketing Marketing CIO
presse@authentidate.de silvio.hasler@miag.com
http://www.authentidate.de http://www.miag.com
end of message, (c)DGAP 03.11.2004
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WKN: 893715; ISIN: US0526661048; Index:
Listed: Freiverkehr in Berlin-Bremen und Frankfurt
031000 Nov 04
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