Development of release 1 of InvoiceXchange took place from July 1999 to December 1999, with work continuing on future releases and other service. The number of developers was 10 to 15. The future InvoiceXchange is the first step in the process and is being offered as a Web-based service. The company's extranet-based services allow clients to exchange sensitive business documents and information with their providers, sales partners, or business customers through safe communication channels provided by Seals. In terms of security and authentication, the Seals X.net transaction platform relies on smart card technology and a Public Key Infrastructure, thus ensuring the highest security levels available today.
Seals aims for a leading position in the European market for Web-based services.
Summary of InvoiceXchange Based on the extranet platform X.net, InvoiceXchange offers a service for the Web-based presentation of invoices with full integration into the internal systems on the recipient's side. The sender delivers invoice data in internal format to Seals where it is converted to XML and stored in a database. The recipient, after authenticating himself using a personal smart card and digital certificate, can view invoices using a standard Web browser.