Thursday 19th September, 2013

Imperial College London has recognised the importance and impact of einvoicing to bottomline results, and have renewed their contract with OB10 for a further three years. The University already converts about 70% of their invoices to electronic with OB10 and has a 95% straight-through processing rate. To help achieve 100% e-Invoicing, suppliers can now turn purchase orders into invoices through OB10’s PO Convert service.

The university’s aim is to receive all invoices electronically. As part of its contract renewal process, the Financial Services and Procurement team ran a competitive review of invoice-automation services – including e-Invoicing platforms and scanning tools – that positioned OB10 at number one.

“We have created a sophisticated purchase-to-pay process for our suppliers to benefit from easy, transparent and predictable payment,” says John Whitlow, Director of Financial Services and Procurement at Imperial College. “Our review proves that OB10 remains the best provider to help us meet our goals.”

Luke McKeever, CEO at OB10, says, “Imperial College’s study demonstrates why high-profile organisations continue to choose OB10 for P2P automation. We are proud of our long-term relationship with the university.”