Leading technology companies chooses OB10 to streamline AP processes

February 23, 2011  |  Electronic Invoicing

OB10 continues to solidify its presence in the technology sector by providing cutting edge e-Invoicing solutions to leading global technology companies. By selecting OB10 to automate their invoice submission process, the world’s most recognizable technology brands receive numerous benefits including reduced operational costs, reduced exceptions, improved cash management and improved global compliance. In addition, the decrease in paper invoices from thousands of their suppliers around the world has allowed these companies to further “green” their supply chain.

The world’s most recognizable technology companies were also attracted to OB10 because of their ability to quickly and efficiently enroll suppliers into the OB10 Network; leveraging multilingual support and service centers in North America, Europe and Asia Pacific and benefiting from the company’s complete in-house, end-to-end implementation and management services.

Technology companies that have chosen OB10 as their e-Invoicing solution provider include some of the world’s most recognizable brands and represent the following:

  • The #1, #6 and #11 computer and office equipment companies in the world
  • The #1 IT services company in the world
  • The #2 network and technology company in the world
  • The #2 computer software company in the world
  • The #9 and #12 electronics and electrical equipment companies in the world
  • The world’s leading search engine company

Not only do top technology companies accept electronic invoices from their suppliers, many leading technology companies are submitting invoices electronically to their customers via the OB10 Network. Those companies include the #1 and #2 computer peripheral companies, 4 out of the top 5 computer software companies, 7 out of the top 8 semiconductor companies and the #1, #2 and #3 telecommunications companies in the U.S.

“We have a significant presence in the technology field because our customers see first-hand the value we offer in allowing their suppliers from around the world to quickly and efficiently submit accurate invoice data in a way that drives efficiency in accounts payable,” said Peter Watson, Senior Vice President, OB10. “Because we save our customers time and money, and our advanced technology meets their stringent requirements, we have been able to make a significant impact in this segment and are currently working on signing more technology customers.”

In addition to the efficiency and cost savings realized, the positive impact on the environment can’t be ignored. The nearly 2 million invoices being annually processed by the world’s top technology companies through the OB10 Network translate to an annual savings of:

  • 6 million sheets of paper
  • 700 trees
  • 74 barrels of oil
  • 152,000 KW of energy
  • 2,224 pounds of air pollution.

Every year, technology companies and their suppliers transacting on the OB10 Network save enough trees to fill a small park approximately 4 to 5 acres in size. Add to that the number of trees being saved by companies in other sectors, such as pharmaceuticals, food and beverage, and manufacturing, and OB10’s collective impact on the environment is significant.

“Each of our customers in the technology segment has an ongoing environmental initiative,” said Watson. “The OB10 e-Invoicing solution compliments their efforts and allows them to have an even greater positive impact on the environment.”

To learn more about OB10 and see a partial list of customers, click here [http://ob10.com/Country/US/Customer_Case_Studies

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About OB10
OB10 (http://www.OB10.com) is the leading global B2B e-Invoicing network. OB10 simplifies and streamlines the complex invoice-to-pay processes. Neither client organizations nor their suppliers are required to implement any hardware or software, and OB10 is independent of data file formats. OB10 can reduce the cost of paper invoice processing by typically 60 percent and can deliver an ROI in less than a year if the program follows OB10’s best practice guidelines. Operational across Europe, North America and Asia, OB10 is compliant with the requirements of VAT, tax and e-Invoicing legislation and receives invoices from suppliers in 137 countries. To ensure unrivalled and rapid supplier enrollment, each new customer’s suppliers are supported by an implementation services team responsible for getting them up and running on the OB10 network.

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