OREANDA-NEWS. August 29, 2012. X5 Retail Group N.V., (“X5” or the “Company”), Russia's largest retailer in terms of revenue (LSE ticker symbol: FIVE), announced that it has developed technology to support the exchange of electronic sales invoices with suppliers.

The automated exchange of sales invoices was approved by Russia’s Ministry of Justice on 11 April 2012. Immediately following the approval, X5 launched a pilot project where select suppliers sent more than 700 sales invoices using the Company’s new network. The pilot project will be completed in late September.

Starting from 1 October 2012, X5 will start connecting suppliers to the network allowing for the exchange of sales invoices through Electronic Data Interchange (EDI) providers Exite, LeraData and Edisoft, which hold Efficient Consumer Response - Russia certificates. Exite and LeraData have partner relations with Kaluga Astral LLC and Tenzor LLC, which are EDI operators authorized by the Russian Federal Tax Service to transmit electronic sales invoices (incoming and outgoing) between X5 and suppliers.

Implementing the automated exchange of electronic sales invoices will simplify and speed up the invoicing process and is another step towards improving X5’s cooperation with suppliers.