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OB10, the global e-Invoicing network, has announced that cereal manufacturer
Kellogg's has chosen the company to provide an electronic invoicing solution in
order to simplify its accounting processes and reduce costs.
The technology will be used to process more than 100,000 invoices submitted by
Kellogg's 3,000 European suppliers.
Kellogg's decided to pursue an e-Invoicing solution that was closely aligned
with the company's supplier development programme, itself design to help create
efficient automated trading partnerships for the company.
John Gregory, Head of Finance Shared Services at Kellogg's, explained:
"The use of e-commerce solutions to automate supplier payment processes
from order issue through to remittance advice is a proven method of trade that
brings benefits to both the customer and supplier.
"By working with OB10, we are looking to improve efficiency across the
purchasing and payment processes."
Jamie Gunn, CEO at OB10, added: "By linking with Kellogg's existing ERP and
workflow systems, OB10 can provide a powerful solution that will transform the
way in which the company interacts with its suppliers.
"Both Kellogg's and its suppliers will benefit from a more efficient process."
The initial three-year agreement between Kellogg's and OB10 will cover
suppliers in the UK, Ireland, Germany, France, Spain, Netherlands, Belgium,
Austria, and Scandinavia, with Italy expected to come onboard in the near
future.
Source:
Credit
Control Journal
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