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

Rhea-AI Summary

OpenText (NASDAQ/TSX: OTEX) has been selected by Europcar Mobility Group to manage its global e-invoicing compliance needs across 130 countries. Europcar, a leading mobility services provider with a fleet of 280,000 vehicles and over 9,000 agents, will utilize OpenText's e-invoicing solutions to handle millions of invoices across its network.

The partnership aims to streamline Europcar's invoicing processes, ensure regulatory compliance, and improve operational efficiency. OpenText's solution offers benefits including automated processes, improved cash flow management, enhanced data visibility, and simplified tax audits through a centralized legal archive.

Positive

• Partnership with major mobility services leader Europcar expands OpenText's market presence
• Solution will manage millions of invoices across 130 countries, demonstrating scalability
• Adds to growing customer base including other major brands like Michelin

Negative

• None.

Insights

Enterprise Software Analyst

OpenText secures major e-invoicing deal with Europcar, strengthening its position in global compliance solutions market.

OpenText has secured a significant customer win with Europcar Mobility Group selecting its e-invoicing solution to handle millions of invoices across 130 countries. This partnership highlights OpenText's strong position in the increasingly complex global e-invoicing compliance market.

The deal is particularly notable given Europcar's scale - managing a fleet of 280,000 vehicles globally with 9,000 agents across its network. For OpenText, this represents valuable recurring revenue as e-invoicing requirements are ongoing and constantly evolving, creating a sticky relationship with high switching costs once implemented.

What makes this win strategically important is the increasing complexity of global e-invoicing regulations. As governments worldwide mandate electronic invoicing to combat tax fraud and improve collection, companies face mounting compliance challenges. OpenText's solution addresses this by offering:

• Automated processing to transform manual workflows into more efficient systems
• Cash flow optimization through early payment discounts
• Improved data visibility by connecting previously siloed systems
• Simplified tax audit processes through centralized legal archiving

The mention of other enterprise customers like Michelin demonstrates OpenText's ability to serve complex multinational organizations. This reinforces the company's position as a leading provider in the business process automation segment, particularly for mission-critical financial workflows that require strict regulatory compliance.

This partnership represents an important validation of OpenText's e-invoicing technology at a time when digital transformation of financial processes is accelerating globally due to regulatory pressures and efficiency demands.

WATERLOO, ON, July 28, 2025 /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 OpenText
OpenText™ 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 blog
Twitter | 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

 

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SOURCE Open Text Corporation

FAQ

What is the new partnership between OpenText and Europcar Mobility Group?

OpenText (OTEX) will provide global e-invoicing compliance solutions to Europcar Mobility Group, managing millions of invoices across 130 countries and ensuring compliance with various tax and regulatory standards.

How many vehicles and agents does Europcar manage in its network?

Europcar Mobility Group manages a fleet of 280,000 vehicles and has over 9,000 agents operating across 130 countries.

What are the main benefits of OpenText's E-Invoicing solutions?

OpenText's E-Invoicing solutions offer automated invoicing processes, improved cash flow management, enhanced data visibility, reduced operational friction, and simplified tax audits through a centralized legal archive.

Which other major companies use OpenText's E-Invoicing solutions?

Other notable companies using OpenText's E-Invoicing solutions include Staria, Michelin, and Heeros.

How will this partnership benefit Europcar's operations?

The partnership will help Europcar automate its invoicing processes, ensure compliance across 130 countries, improve cash flow management, and maintain a centralized legal archive for tax audits.