• The new feature is a first in Romania for a banking app.
• Banca Transilvania is working with i-Tom Solutions, the developer of the FGO platform.
• BT Go now has over 25,000 users.

BT Go has a new feature, a first for banking apps: issuing and automatically sending e-invoices to ANAF. This helps entrepreneurs comply with the RO e-Factura legislation, under which, as of January 2024, companies must issue electronic invoices that go straight to ANAF’s Private Virtual Space (SPV).

To integrate this feature, Banca Transilvania chose to work with i-Tom Solutions, developer of the FGO platform, Romania’s most widely used invoicing and business management solution, with over 100,000 users today.

BT Go is more than a banking app. It’s a business app, and our plan is for BT Go to become the most useful digital tool for companies. In addition to the usual features — payments, FX, cards — today we’re launching e‑invoicing and e‑invoice automation. We have many new capabilities in the pipeline that we’ll be announcing regularly, says Tiberiu Moisă, Deputy CEO, MidCorporate & SME, Banca Transilvania.

From January 1, all companies will be required to use e-Factura; it will be mandatory not only for invoices issued to legal entities, but also for receiving e-invoices from suppliers. FGO has fully automated the integration with e-Factura. Once the SPV account is connected in FGO, the user can enable automatic submission of e-invoices to the SPV at the desired interval after issuance. As a result, e-invoices will be sent to the SPV with no further action from the user. We have a 100% success rate for uploading e-invoices to the SPV thanks to the automated mechanism we built for these scenarios. The FGO account also shows the status, the receipt from ANAF, as well as the e-invoices received from suppliers, says Valeriu Filip, founder of FGO.

The feature launched today is free for one year from the time of subscription to GO e-Factura.

Solutions for entrepreneurs in the BT Go app: 

• Opening current accounts online, in RON and foreign currency;
• Transferring money between own accounts and to business partners;
• Viewing transactions and generating account statements;
• Issuing and paying invoices, with automatic submission to ANAF;
• Uploading documents — invoices, receipts or contracts;
• Access to full loan information and the option to generate the repayment schedule;
• Locking/unlocking cards; changing card transaction limits;
• Opening/closing term deposits.
  
  

BT Go is growing 

BT Go has grown in user numbers and functionality since its launch in July this year. The app now has over 25,000 users, with more than 1,000 new companies enrolling every week.