Australian building products company CSR has selected OB10, the electronic invoicing (e-invoicing) network, to offer electronic invoicing to its 10,000 suppliers.
To deliver continuous improvements to its customers and business partners, CSR maintains a determined focus on innovation and customer service. E-invoicing plays an important part in supporting these objectives by strengthening relations throughout the supply chain.
John Denyer, manager of transactional accounting services at CSR, said: “For CSR, it is very important that our customers and suppliers regard us as a company that is easy to do business with. By partnering with OB10, we can offer our suppliers a broad range of choices in the way that they invoice us, regardless of the size of their organisation or their annual volume of invoices. In the near future we hope to expand this capability to our customers, giving them choice as to how they receive invoices from us.
“In addition, OB10 helps us operationally to speed up and simplify the way that we enter supplier invoice information into our system, improving the quality and enriching the content. This allows our Accounts Payables team to process invoices more efficiently and focus on higher-level activities in a more cost-effective manner.”
To roll out e-invoicing, CSR is working with Scan One Asia-Pacific, a provider of automated accounts payable (A/P) software-as-a-service (SaaS) and procure-to-pay (P2P) consulting services.
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
Despite being behind the likes of Europe and China, the US payments industry is now rapidly advancing, said Anish Kapoor, CEO of AccessPay told GTNews in an exclusive interview.
Treasurers are more interested in cross-border payments and automation than real-time payments, as they are consistently asked to do more with less, argues Rick Burke, head of corporate payments at TD Bank in an exclusive interview.
The top five sectors Asian fintech investors are interested in are data analytics, blockchain, lending, payments and regtech, according to Gary Hwa, EY regional managing partner.