OB10 e-Invoicing

OB10 e-Invoicing will provide you with many benefits, resulting in reduced operating costs, shortened cycle times, and inevitably higher profit. Some of the benefits you will receive are:

• Eliminate many manual tasks present in paper invoice processing
• Improve the productivity of your staff
• Compress your working capital requirements: capture more early pay discounts, negotiate better terms, and implement dynamic discounting strategies.
• Real time visibility of your spending enables you to extend contract pricing to cover more purchases.
• Ensure VAT/tax & regulatory compliance.
• Attain guaranteed end-to-end supplier enrollment

Additionally OB10 will give your full control over the timing of invoice payments, allowing you to avoid late fees, capture early pay discounts, and maximize float for suppliers who don’t offer terms. Furthermore, the visibility you are provided gives you accurate information about the timing of working capital requirements, allowing you to minimize idle cash.

Accounts Payable

The Accounts Payable features of OB10 will give you predictable processing allowing you to identify additional opportunities for contract coverage, enforce contract/pricing terms compliance, and leverage improved invoice processing to negotiate expanded terms and increased discounts.

Accounts Receivable

The Accounts Receivable functions of OB10 will give you the following benefits:

• Predictable payments that streamline your processing of received payments, allowing your customers to pay according to terms, and improving the predictability of your cash flow.
• 24x7 invoice status visibility, no more “black holes,” reducing the need to chase customers for processing and payment status
• Reduced billing and collection costs (no printing, stuffing, postage).