Accountis announced a multi-year agreement with The Royal Bank of Scotland (RBS) to provide the bank with an RBS branded e-invoicing solution and service.

The partnership deal enables RBS to provide a VAT compliant e-invoicing service to their corporate customers. The use of the bank e-invoicing service within the Accounts Receivables department provides banks with quicker payments and reduced working capital requirements, according to a press release.

The Accountis e-invoicing service provides detailed status information, such as proof of delivery, acceptance, query and approval status for all documents involved in a business transaction from Purchase Order Invoice.