With OB10, there are benefits to both customers and their suppliers.  This not only helps Accounts Payable, but also helps your role in procurement

OB10 improves the invoice process efficiency for both you and your suppliers, helping your department to improve supplier relationships.  Suppliers will no longer have to chase late payments due to missing information or a missing invoice.  In fact, the supplier is able to log-on to supplier portal, within ‘My OB10’, to see the status of the invoice that they have submitted 24/7.

The improved efficiency gained from using OB10, will enable the quicker processing of invoices, which can result in suppliers being paid on time.

By using OB10 your organisation can pay suppliers more quickly, giving you a stronger position during negotiations.

The OB10 system will check for buyer requested information, rejecting any invoices that do not contain this information.  This enables your department to enforce PO compliance because the invoice will not be submitted to your Accounts Payable team until that information is provided.  This means improved controls and greater visibility of invoicing activity.

By ensuring that all suppliers submit invoices via OB10, it is easier to enforce ‘preferred’ suppliers status.  New suppliers can register for OB10 as they start doing business with you.

OB10 will manage the supplier communications, on your behalf, building a relationship directly with the suppliers.  Questions regarding the move to OB10 are managed by the OB10 team.

Once suppliers are set-up on the network, the OB10 system is easy to use and with self service reporting tools, calls into your team regarding general supplier enquiries will reduce – allowing your team to get on with core activities.