OB10 exceeds 100,000 suppliers on its global network

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Significant landmark reached as world’s largest e-Invoicing network now manages over $100 billion worth of invoice transactions annually.

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More and more firms are acknowledging the gains that can be made through electronic invoicing and this milestone is a tribute to this.

OB10 (http://www.ob10.com), the leading global e-Invoicing network, today announced that there are now over 100,000 suppliers on its network. OB10 is also processing over $100 billion worth of invoices annually.

This announcement coincides with a period of significant growth for OB10 as well as international expansion.

“We have consistently led the field in electronic invoice processing; delivering large scale projects on a global level," said Luke McKeever, CEO of OB10. "More and more firms are acknowledging the gains that can be made through electronic invoicing and this milestone is a tribute to this."

OB10 has experienced continued expansion of its e-Invoicing network in multiple sectors; most recently within the utilities as well as the food and beverage industries. This has led to the network now managing significantly more than $100 billion worth of invoice transactions annually.

“We have been undertaking extensive projects with an increasing number of global companies," McKeever added. "Our corporate sales increased by 53% in the 2010 financial year compared to 2009 and we plan to continue this growth in 2011 both in corporate sales and the development of our supplier network.

“Central to our offering is our supplier enrolment programme which enables us to very quickly register multiple suppliers on a global scale. Thereafter, the advantages of e-Invoicing speak for themselves.”

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 of 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 across 137 countries. To ensure unrivalled and rapid supplier enrolment, each new customer’s suppliers are supported by an implementation services team responsible for getting them up and running on the OB10 network.

Customers include: Agilent Technologies, Amgen, Aviva, Barclays, BP, British Energy, Cargill, Computacenter, Deutsche Lufthansa AG, DHL, Dr. Pepper, DSG International, Eli Lilly & Company, Fisher Scientific, General Motors, GlaxoSmithKline, Hewlett Packard, IBM, Imperial College, Kellogg’s, Kraft, Logica, Mohawk Industries, Motorola, Pfizer, SaraLee, Schneider Electric, Severn Trent Water, Shaw Industries, Steria, Tesco, Unilever, US Federal Government, Whirlpool and Xerox.

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Ernie Martin
OB10
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