GXS Presents at Sibos 2010

AMSTERDAM— October 25, 2010 — GXS™, the world’s leading provider of B2B e-commerce solutions, is speaking at Sibos 2010, the world’s premier financial services conference, which opens today in Amsterdam, Netherlands. Sibos 2010 will host more than 8,000 financial services attendees from banks and corporations and focuses on the themes of Regulation, Rebuilding Trust and Recovery.

Steve Keifer, vice president of industry and product marketing, GXS, will be participating in a panel discussing e-invoicing between banks and service providers. The panel also includes executives from Gartner, SWIFT and Banco Santander. According to Gartner Inc., electronic submission of supplier invoices can reduce per-invoice processing costs by as much as 70% to 90%, reduce errors and invoice cycle times, build stronger supplier relationships, improve cash management and the realisation of discount opportunities.

What:  E-invoicing: The need for interoperability between banks and non-bank service providers”
When: 25 October 2010, Monday 16:00 – 17:00, Conference Room 2
Where: Sibos 2010, Amsterdam
Speakers: Paolo Malinverno (Moderator), Research VP, Gartner
Andre Casterman, Head of Trade and Supply Chain, SWIFT
Bo Harald, Head of Executive Advisors, Chair of the EU commission e-invoice expert group
Steve Keifer, Vice President of Industry & Product Marketing, GXS
Javier Santamaria, Assistant General Manager, Banco Santander

GXS is also sponsoring the “Sibos Forum for Corporates,” a dedicated two-day programme during the Sibos 2010 conference focused on corporate-to-bank data integration for banking and corporate executives in treasury and trade. Key topics include electronic bank account management (EBAM), digital identity and e-invoicing.

GXS recently launched a SWIFT Service Bureau, providing corporate customers with an outsourced IT service to manage banking transactions, including payments, foreign exchange and securities processing, without the burden and costs of managing the associated technology infrastructure. The service provides treasury groups with visibility to their cash positions across their banking relationships, improving liquidity management and working capital.

About GXS
GXS is the world’s leading provider of B2B e-commerce solutions. The company’s software and services simplify and enhance how networks of businesses integrate business processes and collabourate among trading partners. Organisations worldwide, including more than 75 percent of the Fortune 500, use GXS solutions to extend their supply chain networks, optimise product launches, automate warehouse receiving, manage electronic payments and gain supply chain visibility. Based in Gaithersburg, Maryland, GXS has operations and offices around the world. For more information, see http://www.gxs.co.uk, http://blogs.gxs.com and http://twitter.com/gxs.

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Media Contact:
Denise Oakley
Marketing Programmes International, GXS
Tel: +44 (0) 1932 776408 / +44 (0) 7768 537 481