Imperial College renews OB10 contract to achieve 100% e-Invoicing

Imperial College renews OB10 contract to achieve 100% e-Invoicing

The university builds on 95% straight-through invoicing processing with OB10. The aim is to receive all invoices electronically. As part of its contract renewal process, the Financial Services and Procurement team ran a competitive review of invoice-automation services – including e-Invoicing platforms and scanning tools – that positioned OB10 at number one.

Imperial College has already converted 70% of its invoices to electronic with OB10, and has a 95% straight-through-processing rate, where invoices enter its financial system without manual intervention. To help achieve 100% e-Invoicing, suppliers can now turn purchase orders into invoices through OB10’s PO Convert service.

John Whitlow, Director of Financial Services and Procurement at Imperial College: “We have created a sophisticated purchase-to-pay process for our suppliers to benefit from easy, transparent and predictable payment. Our review proves that OB10 remains the best provider to help us meet our goals.”

Luke McKeever, CEO at OB10: “Imperial College’s study demonstrates why high-profile organisations continue to choose OB10 for P2P automation. We are proud of our long-term relationship with the university.”

Learn how Imperial College has achieved 95% touchless invoice processing in their webinar on 8 October.

 


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