Office Depot Europe Enhances its Competitive Edge with e-Invoicing

LONDON, November 14, 2013 /PRNewswire/ --

OB10 helps office-products supplier win new customers, and improve productivity and cash management

Headquartered in the Netherlands, Office Depot Europe supplies office products to businesses throughout Europe and the Middle East. In this competitive market, it exploits every advantage to sharpen its pitches for new business, and e-Invoicing makes a difference to potential customers.

Office Depot Europe sends invoices to 27 customers in 13 countries through OB10, the global e-Invoicing network. As part of its e-business strategy, e-Invoicing boosts online services, increases productivity and improves its buyers' cost efficiencies.

"More and more of our major customers receive invoices through OB10," says Ellen Tosserams, e-Business Specialist Europe at Office Depot Europe. "Many begin their OB10 e-Invoicing initiatives with us because of the high number of orders we receive and our successful e-Procurement implementations."

The company's e-Invoicing capabilities improve its new-business results. "About 40% of our RFPs enquire about e-Invoicing and many ask if we are connected to OB10. Being part of the network is an advantage."

Automated invoice validation also improves cash management and visibility, and reduces rejected invoices. "Our goal is to send more invoices electronically," says Ellen." And now that OB10 is part of Tungsten Corporation, we're excited about the opportunities the new organisation can offer."

"Office Depot is an important supplier on our network," says Luke McKeever, CEO at OB10. "As a forward-thinking organisation, e-Invoicing enhances its processes, improves customers' bottom lines and benefits the whole financial supply chain."

Read more about Office Depot Europe's e-Invoicing experiences.

About OB10

OB10 (http://www.OB10.com), part of Tungsten Corporation plc, is the global e-Invoicing network that simplifies and streamlines the complex invoice-to-pay process to enable prompt payment. Operational across Europe, the Americas and Asia, OB10 can reduce invoice-processing costs by 60% and deliver an ROI in less than a year.

The OB10 network connects some of the world's largest companies to their thousands of suppliers around the globe. It processes transactions worth over £100bn per year for organisations such as Aviva, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, IBM, Kellogg's, Motorola, Tesco and Whirlpool.

Tungsten Corporation combines the e-Invoicing network with supply chain financing through its own bank (subject to regulatory approval) and will help organisations save money by applying innovative spend analytics to its vast repository of invoice data.

Sandra Higgison, Head of Global Communications
+44(0)20-7406-5772
[email protected]

SOURCE Ob10

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