BT Go by Banca Transilvania in Romania has a new functionality, a first for banking applications: the automatic issuance and sending of e-invoices to the National Agency for Fiscal Administration (NAFA). The facility helps business owners align with the RO e-Invoice (the Romanian e-invoicing system) legislation, according to which, from January 2024, businesses must issue e-invoices, that go directly to the Virtual Private Space (VPS) service of NAFA.
For the integration of this functionality, Banca Transilvania chose to collaborate with i-Tom Solutions, the developer of the FGO platform, the most used invoicing and business management solution in Romania, with over 100,000 users.
“BT Go is more than just a banking application. It’s a business application, and we plan for BT GO to become the most useful digital tool for businesses. In addition to the usual functionalities – payments, FX Exchange, cards – today we are launching e-invoicing and e-invoice automation. We are preparing many novelties we will announce regularly,” – declares Tiberiu Moisă, Deputy CEO of MidCorporate companies & SMEs at Banca Transilvania.
“From January 1, all businesses will have to use the RO e-Invoice system, which is mandatory not only for invoices issued to legal entities but also for receiving e-invoices from suppliers. FGO has completely automated this type of integration. Once the VPS account is connected with FGO, the user can activate the automatic sending of e-invoices to the VPS, at the desired interval after issuance. Thus, the e-invoices will be transmitted to the VPS without any further action on the part of the user. We have a 100% success rate for uploading e-invoices to the VPS due to the automatic mechanism we have created for these situations. The FGO account also contains the status, the receipt from NAFA, as well as the e-invoices received from suppliers,” – says Valeriu Filip, Founder at FGO.
This functionality is free for one year from subscribing to RO e-Invoice.
Solutions for business owners within the BT Go application:
- Online opening of a current account in RON and foreign currency;
- Money transfer between own accounts and to business partners;
- Viewing transactions and generating account statements;
- Issuing, paying invoices, and sending them automatically to NAFA
- Uploading documents;
- Access to complete information about loans and the possibility to generate the repayment schedule;
- Blocking/unblocking cards; changing card transaction limits;
- Establishment/termination of classic deposits.
BT Go is growing!
BT Go has grown in number of beneficiaries and functionality since its launch (July 2023). At this moment, the application has over 25,000 users.
Source: the Bank`s press release dated December 15, 2023
