Business Industrial Engineering

OB10 e-Invoicing Ideal Prescription for World’s Leading Pharmaceutical Companies

Atlanta, GA (PRWEB) August 23, 2011

OB10, the leading global e-Invoicing network, is now the e-Invoicing provider of choice among the world’s leading pharmaceutical companies. These companies represent more than $ 210 billion in annual revenue and over 2 million invoices processed.

Leading pharmaceutical companies choose OB10 because of its ability to completely remove paper from the invoice process. In other words, no paper, scanning or OCR – just straight through touchless processing from a supplier’s billing system directly into their customer’s accounts payable system. This allows companies to improve operational efficiency, increase visibility, better manage cash flow and significantly improve supplier relationships.

Pharmaceutical companies also benefit from multilingual support offered through service centers in North America, Europe and Asia Pacific as well as complete in-house, end-to-end implementation and management services designed to ensure the enrollment process is straightforward and easy for suppliers.

Pharmaceutical companies that have benefited from joining the OB10 Network include:

three of the top five pharmaceutical companies in the world
the #10 pharmaceutical company in the world
one of the largest global biopharmaceutical companies in the world
the world’s leading independent biotech firm
one of the world’s most recognizable specialty pharmaceutical companies.

The benefits of transitioning to OB10 e-Invoicing are substantial. One of the top three pharmaceutical companies in the world has been an OB10 customer since 2004. Among the benefits they have received from processing 90 percent of their invoices electronically through OB10 include an on-time payment rate of 95 percent of invoices received electronically and a 50 percent reduction in supplier calls to its response center. To read more about this and other OB10 customer experiences, click here.

“Our pharmaceutical industry customers have come to rely on OB10 for our fast and efficient invoice data delivery that ultimately allows them to save time and money, improve supplier relationships, while helping to meet their environmental objectives.” said Luke McKeever, chief executive officer for OB10.

In addition to the financial and relationship benefits, the OB10 e-Invoicing solution allows companies to save trees, energy, fuel and oxygen simply by reducing the number of paper invoices a company processes. Through e-Invoicing, OB10 has empowered its pharmaceutical companies to positively impact the environment by saving:

6 million sheets of paper
85 barrels of oil
174,000 KW of energy
2,500 pounds of air pollution.

“The pharmaceutical industry is known for leading initiatives designed to preserve the environment,” said McKeever. “Each of our customers in this industry employs a sustainability initiative designed to encourage the smart use of our resources. OB10 e-invoicing forms a core part of those initiatives, allowing them to have a positive impact on our environment.”

To see how much of an impact your company can have on the environment, click here.

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