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.”
Rising interest rates, excitement around blockchain use cases and cross-border payments were all hot topics at this year's AFP conference in San Deigo.
Today CGI and GTNews have announced the launch of the fifth annual Transaction Banking survey report, which offers which offers critical insight into the corporate-to-bank relationship.
The US dollar and debt yields falling on the North Korea missile test, treasury being a top target for cyber criminals and why treasurers aren't into real-time payments all hit the latest headlines in the world of treasury this week. Don't miss our ten top news stories from around the world.
Treasurers are being expected to do more work with fewer resources than ever before, so it is little wonder that the automation of day-to-day operations was highly discussed on the second day of EuroFinance, the annual treasury event held in Barcelona this week.