"Engaging with OB10 to submit our invoices electronically was straightforward and easy. OB10 is a secure & efficient way of getting IBM's invoices into Barclays' approval & supplier payment process." Nigel Reichelt, CF Applications & Systems Manager, IBM

In order to help us achieve our aim of making on time payments to all our suppliers, and to help us achieve a world class purchasing organisation, Barclays has launched a number of changes to its purchase to pay process. One of these changes has been to move all our invoicing, without exception, over to the OB10 electronic invoice delivery network operated by Open Business Exchange (OBE).

Using the OB10 network enables us to receive your invoices directly into our Accounts Payable (AP) systems and process them without the delays and inefficiencies associated with paper based invoicing. The good news is that the OB10 network accepts the file format already used by your existing billing system. You don't need to install any hardware or software or change the way your systems are configured.

With no hardware or software to install subscribing to the network is simple and you can be sending invoices electronically in as little as 48 hours from sign-up. Crucially, the OB10 network satisfies the demands of VAT/TAX administrations across Europe and North America who have accepted the removal of the paper invoice for companies using the OB10 service.

Invoicing has always been a labour intensive process for both our suppliers and Barclays. Moving to OB10 will lead to an improvement in payment times as invoices are registered in our Accounts Payable system without delay, bypassing common problems that hold up payment, such as lost or misplaced invoices. Using the network will also allow us to contact you quickly in the event of any queries, meaning corrections can take place and can be approved before the due date.

"The key to this was getting all the parties gathered at the kick off meeting where the goals and objectives were articulated and of course the benefits to both the Supplier and Barclays. As a result the implementation has been really slick and simple, even for a supplier like IBM that has differing Billing complexity in the diversity of services and goods in provides to Barclays." Stan Hirst, Supplier Relationship Manager, Barclays Sourcing

There are 2 primary methods for sending Invoice and Credit transactions via OB10. A supplier can either send a data file directly to OB10 or create invoices on-line using the ‘Invoice Generator’.

Please view page two of the PDF letter to see next steps and key requirements needed to allow us to process the data efficiently and to terms.