Our partnership with OB-10 gives our clients a complimentary option to receive invoices electronically and process through Prodagio while minimizing cost and expense associated with scanning and processing of paper invoices
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Houston, TX (Vocus) August 28, 2009
Imagitek, Ltd., developer of world-class Prodagio™ Software business applications for accounts payable, case management and contracts management, today announced a partnership with OB10, the leading global business-to-business electronic invoicing network, to streamline accounts payable (AP) invoice ingestion and reduce processing cost.
A more efficient process for all types of invoices
Companies struggle with ways to deal with the many types of traditional invoices and delivery methods, including, paper, e-mail and fax. Since they do not have a solution to manage them all, they delay taking advantage of low-cost e-invoicing. Traditional invoice delivery methods can result in processing costs being three times more than with electronic invoicing. Prodagio AP, powered by the OB10 Network, streamlines the invoice ingestion process, making it more accurate while reducing cost. Prodagio AP ensures that all invoice forms are managed effectively whether they are paper or electronic. "Our partnership with OB-10 gives our clients a complimentary option to receive invoices electronically and process through Prodagio while minimizing cost and expense associated with scanning and processing of paper invoices," said Mara Henderson, President of Imagitek Ltd.
An immediate impact on the bottom line
Suppliers connected to the OB10 invoice network can now directly submit invoices into Prodagio's entry channel rules engine. Prodagio AP's entry channel technology provides a consolidation point to manage all invoices, no matter their form. The Prodagio-OB10 alliance allows companies to transition to e-invoicing and gain the benefits without impacting their AP process. "We are excited to connect OB10's global network to the Prodagio AP product" said Jamie Gunn, CEO, OB10. "Through this partnership, Prodagio AP users will gain access to an extensive network of highly transacting suppliers, allowing them to reduce costs and increase efficiency." By allowing customers to seamlessly process invoices from the OB10 network of more than 60,000 suppliers, Prodagio AP gives companies 360-degree visibility into all their invoices. The invoices are immediately interrogated and prioritized, based on rules set up by the company. This unique technology allows companies to see a real-time relationship between pending liabilities and cash. With this information, financial executives can make dynamic decisions on how to best prioritize payments, manage strategic vendors and capture significant payment discounts. These decisions can be incorporated into their AP department's workflow in real time and immediately impact the bottom line.
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 over 100 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.
About Imagitek, Ltd.
Imagitek, Ltd., an Altran company, is a provider of off-the-shelf business applications that work seamlessly with content management and ERP systems. Imagitek's flagship Prodagio Software delivers best-in-class applications for accounts payable, case management, contracts management and vendor self service. Created in 1982, Altran operates a global network of consulting firms and is the European leader in innovation and technology consulting, with annual revenues exceeding US $2.4 billion.
For more information, visit http://www.prodagio.com.
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