Under the terms of the agreement, OB10 and Taulia are set to create a Purchase to Pay (P2P) solution that integrates with SAP. Taulia’s Invoicement Suite is a certified add-on to SAP for Accounts Payable, Treasury and Suppliers. The main element of the suite is dynamic discounting, which enables companies to offer discounts on invoices that didn’t originally offer them, and to save a potential of up to 0.5 percent on their annual spend.
By integrating Taulias Invoicement Suite with OB10’s e-Invoicing Network, the partners have created a joint purchase-to-pay solution. By receiving accurate invoice data rapidly, buyers can capture discounts by offering earlier payment on approved invoices to their suppliers. The supplier not only benefits from prompt payment, but additional features offered by the service. By logging on to the OB10 Portal suppliers will be able to receive invoice status information, remittance advice notifications and also access invoice reporting and the online archive.
OB10 is operational across Europe, North America and Asia. Its customers include among others Barclays, Hewlett Packard, Hertz, IBM, Logica, Motorola and Schneider Electric.
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