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Europcar Mobility Group Chooses OpenText to Deliver Global E-Invoicing Compliance

1. Europcar partners with OpenText for global E-Invoicing solutions. 2. The partnership enhances compliance and management of millions of invoices. 3. OpenText E-Invoicing improves cash flow and data visibility. 4. Other companies like Michelin have successfully implemented similar solutions. 5. Europcar's growth requires efficient partners for regulatory compliance.

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Why Bullish?

The partnership expands OpenText's market presence and client base, enhancing revenue potential. Historical partnerships in tech have often led to stock growth.

How important is it?

The growth in e-invoicing reflects increasing demand for efficient solutions, critical for OTEX's long-term strategy.

Why Long Term?

E-Invoicing solutions support sustained revenue as global compliance needs grow; similar trends have been seen in fintech.

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, /PRNewswire/ -- Europcar Mobility Group is a leader in global mobility services leader with more than 75 years of expertise. Europcar manages a fleet of 280,000 vehicles around the globe and is now partnering with OpenText (NASDAQ/TSX: OTEX) to manage its evolving global E-Invoicing needs. With more than 9,000 agents, Europcar Mobility Group provides seamless car and van rental services within a network spanning 130 countries through brands including Europcar, Goldcar, Euromobil and more. Europcar recently chose OpenText and its global E-Invoicing solution to manage millions of invoices across its expansive network of branches meeting the tax and compliance standards across 130 countries. OpenText has long been a leader in global e-invoicing solutions, an area that has only grown more complex with evolving global compliance and legal mandates. For global finance and procurement operations, OpenText E-Invoicing solutions serve as a conduit away from legacy systems while reducing cost and complexity by ensuring a consistent approach to compliance with global regulations and requirements. OpenText E-Invoicing solutions also allow customers to: Manage cash flow more effectively, transforming manual invoicing processes into automated ones and shifting late payment penalties into early payment discounts Improve data visibility by integrating siloed systems and reduce operational friction Simplify tax audits by enabling a centralized legal archive for fast file and data retrieval Companies like Staria, Michelin and Heeros also have implemented OpenText E-Invoicing solutions to seize on the advantages they provide. "Europcar's incredible growth and leadership in the mobility space in Europe requires a trusted partner that can deliver on its extensive e-invoicing needs," said Savinay Berry, OpenText Executive Vice President and Chief Product Officer. "OpenText solutions will allow Europcar to focus on continued growth while resting assured that its invoicing and complex regulatory requirements are being met." About OpenTextOpenText™ is a leading Cloud and AI company that provides organizations around the world with a comprehensive suite of Business AI, Business Clouds, and Business Technology. We help organizations grow, innovate, become more efficient and effective, and do so in a trusted and secure way – through Information Management. For more information about OpenText (NASDAQ/TSX: OTEX), please visit us at www.opentext.com. Connect with us:OpenText CEO Mark Barrenechea's blogTwitter | LinkedIn Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Further, readers should note that we may announce information using our website, press releases, securities law filings, public conference calls, webcasts and the social media channels identified on the Investors section of our website (https://investors.opentext.com). Such social media channels may include the Company's or our CEO's blog, Twitter account or LinkedIn account. The information posted through such channels may be material. Accordingly, readers should monitor such channels in addition to our other forms of communication. Copyright © 2025 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents.  OTEX-G SOURCE Open Text Corporation WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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