Electronic invoicing (e-invoicing) network OB10 has formed a strategic partnership with Infosys BPO, the business process outsourcing subsidiary of Infosys. The companies said that their partnering will offer enhanced capabilities to finance and accounting (F&A) business process management and process automation.
The collaboration enables Infosys BPO to extend the next wave of business benefits to its global clients. Invoice processing has traditionally been an area of labour-intensive and high touch point transactional activity within the finance function. OB10’s invoice-automation services enable improved productivity, enhanced data quality, payment on time and increased transparency to the purchase-to-pay (P2P) process.
“Our partnership with OB10 will help in further transforming clients’ businesses, thus realising enhanced business value for them,” said Anantha Radhakrishnan, vice president and unit head – global centres, business transformation and technology services, Infosys BPO. “e-invoicing is a key strategic imperative for clients in the F&A space, and this partnership will help deliver higher efficiency and effectiveness to them. This association further validates our position as a trusted transformation partner to our clients.”
“Automation is the natural next step for organisations that have centralised their finance functions,” said Luke McKeever, CEO at OB10. “By working closely with Infosys BPO, we are making the transition to e-invoicing seamless to both customers and their suppliers. Once embedded, their relationships can be strengthened even further with easy access to early payment through dynamic discounting and supply chain finance.”
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