Improve Cash Flow Management
e-Invoicing from OB10 can not only improve payment terms with suppliers, but also enables Treasury departments to improve cash flow management. Cost Savings Customers on the OB10 network, typically see an operational saving of 60%. In addition to this, procurement departments may negotiate improved payment terms, meaning that the costs of suppliers’ services typically reduce, flowing directly to your bottom line. Greater Visibility and Improved Reporting OB10 provides end-to-end transparency throughout the invoice-to-pay cycle. Unlike conventional paper-based invoice processing or image-based processing, full line-level detail is available for immediate online retrieval. In addition to the line level detail available, the ‘My OB10’ area enables you to access invoice submission and status reports 24/7.
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The improved reporting capabilities from the solution will enable us to make better decisions about purchasing. For example; once we have information about spend across a number of suppliers, we will be in a stronger position to negotiate better prices. We believe the increased management information will reap huge financial rewards.
North Yorkshire County Council
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