AuthentiDate International AG
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National Car Rental Implements AuthentiDate eBilling Signature Solution
Corporate-news announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
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National Car Rental Implements AuthentiDate eBilling Signature Solution
Cost Reduction for Sender and Recipient through electronic billing
Duesseldorf, Wiesbaden, Germany, November 17, 2003 – AuthentiDate
International AG announced today that National Car Rental has agreed to
implement AuthentiDates eBilling Signature Solution throughout its operations in
Germany. National Car Rental is the first car rental company to introduce
electronic billing based on the usage of qualified electronic signatures.
By integrating the signature solution, National Car Rental satisfies the
requirements of the German Signature and Value Added Tax (VAT) Act, and at the
same time is able to deliver by email to its customers worldwide signed
electronic invoices, which are in compliance with German and European regulatory
requirements.
While financial terms were not disclosed, AuthentiDate will generate revenue
through upfront licensing fees and per transaction charges.
“By replacing paper invoices with electronic ones, the distribution is greatly
expedited, an important benefit to our customers,” explained Tim Bailey, General
Manager for National Car Rental in Germany. “In addition, the reduction of the
costs of generating, sending and handling the invoices is of vital importance,
not only to us but also to our customers who will be able to achieve cost
savings of their own as a result.”
By applying the AuthentiDate Signature Solution, National Car Rental not only
optimizes its own billing process, but also provides many advantages,
particularly for commercial customers of the car rental company:
* Incoming invoices with signatures are compliant with the German Signature Act
for claiming the value added tax (sales tax) (§14 UStG in Germany)
* Possibility of receiving encrypted invoices, thus protecting sensitive data
* Expedited paperless distribution within the company, e.g. by sending internal
emails for invoice verification by various parties involved
* Cost reduction through electronic archiving of incoming invoices and
elimination of paper files
The AuthentiDate eBilling Signature Solution is a multisupplier and interface-
independent signature solution, which is already in use by well-known companies.
It is installed centrally at the company and can be used simply and rapidly in
conjunction with existing billing solutions. Therefore, the replacement of
legacy systems can be avoided.
AuthentiDate International AG will demonstrate its signature solutions live at
the “”Enterprise Signature Day” on March 11, 2004 in Duesseldorf (Germany).
Further Information at http://www.enterprise-signature-day.com
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), focusing legal
binding timestamps compliant to the strong German electronic signature laws and
European signature directives.
AuthentiDate is also the first accredited vendor focusing business process
solutions, based on electronic signatures and timestamping technology. These
solutions are featuring by easy integration, high economic efficiency, platform
independence and protection of investment.
The AuthentiDate solutions are nationally and internationally used by well-known
companies of different industries. The customers utilize the signature
solutions to achieve legal security within eBilling, archiving, scanning and
workflow. In addition AuthentiDates technology is already integrated in
different products of other manufacturers, therefore legal security for business
processes is automatically available for many companies.
AuthentiDate is present in Europe, USA and also through partners in Asia.
AuthentiDate Holding Corp, Inc. located in USA (New York) is listed on the
Nasdaq National Market (ADAT) and in Germany (WKN 893715).
About National Car Rental:
National Car Rental has been a leader in international car rental for more
than 50 years, and together with Alamo, its sister brand, it is also one of the
most well known. Since 1998, National has been increasing its commitment in
Europe with great success. The company operates approximately 3,200 locations in
more than 80 countries with a fleet of approximately 217,000 vehicles.
Contact:
AuthentiDate International AG
Großenbaumer Weg
40472 Düsseldorf / Germany
Tel. +49 (0)211 – 43 69 89 0
Fax +49 (0)211 – 43 69 89 19
Judith Balfanz, Director Marketing
Email presse@authentidate.de
http://www.authentidate.de
end of message, (c)DGAP 17.11.2003
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WKN: 893715; ISIN: US0526661048; Index:
Listed: Freiverkehr in Berlin-Bremen und Frankfurt
171000 Nov 03
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