OB10

OB10
Private
Founded London, UK (2000)
Key people
 Luke McKeever, CEO
Robin Wooldridge, CFO
Number of employees
 approx. 200 (2011)
Website OB10.com

OB10 Ltd is a global B2B e-invoicing network based in London, UK, with offices in the USA, Germany, and Malaysia.[1] The company was founded in 2000[2] by Stefan Foryszewski,[3] Chris Lowrie,[4] Alain Falys and John Jermy. OB10 has a network of over 100,000 suppliers[5] across 150 countries, and is compliant with the requirements of VAT, tax and e-Invoicing legislation. For each new customer that joins the OB10 network their suppliers are supported by a multi-lingual implementation team responsible for getting them up and running on the network.[6] Also, customers do not need to invest in specific equipment or systems.[2] In 2011, Charles Bryant of OB10 was elected Vice-Chair of EESPA (European e-Invoicing Service Providers Association).[2][7]

In 2012, OB10 launched OB10 Express Payments,[8] a supply chain finance service that combines dynamic discounting with the option of using third-party financing.[9] Under the OB10 programme, suppliers agree to a discount in return for early payment of invoices, which enables organisations to receive payment on approved invoices within three days.[10]

In 2013, OB10 forged a partnership with Comprova to enable organisations to benefit from straight-through invoice processing and to meet the Brazilian government's invoicing requirements.[11] Other OB10 partners include Coupa[12] and Taulia.[13]

Customers include Virgin Atlantic's US and UK operations (February 2011),[14] Tech Data Europe (January 2012) [15] and Toyota Material Handling Europe (June 2013).[16]

Investors include Straub Ventures, Azini Capital,[17] Black River Asset Management and FF&P Private Equity.[18]

See also

References

  1. ↑ "Write to us". OB10. Retrieved February 2013.
  2. 1 2 3 Peter Smith, Spend Matters. "OB10 and why you should care about e-Invoicing." January 11, 2012. Retrieved January 13, 2012.
  3. ↑ "Stefan Foryszewski, co-founder or OB10". Retrieved E-Invoicing in the Pharmaceutical Industry (2011-03-29). Check date values in: |access-date= (help)
  4. ↑ "Chris Lowrie, Co-Founder and Senior Vice President of Development". Retrieved Bloomberg Businessweek (2011-07-04). Check date values in: |access-date= (help)
  5. ↑ "OB10 exceeds 100,000 suppliers on its global network". Retrieved Yahoo! News (2011-06-14). Check date values in: |access-date= (help)
  6. ↑ "OB10 Detailed description and contribution to e-Invoicing". Retrieved E-Invoice Gateway (2011-04-05). Check date values in: |access-date= (help)
  7. ↑ Peter Smith, Spend Matters. "e-Invoicing gets a voice in Brussles (OB10 and EESPA part 2)." January 13, 2012. Retrieved January 13, 2012.
  8. ↑ "OB10 launches Express Payments". Retrieved sharedserviceslink.com (2012-10-25). Check date values in: |access-date= (help)
  9. ↑ "Speeding up payments to keep cash flowing to suppliers". Retrieved The Raconteur (2012-02-21). Check date values in: |access-date= (help)
  10. ↑ "OB10 launches Express Payments for supply chain financing". Retrieved Finextra (2012-10-25). Check date values in: |access-date= (help)
  11. ↑ "OB10 and Comprova.com partner for e-Invoicing in Brazil". Retrieved FX-MM (2013-06-21). Check date values in: |access-date= (help)
  12. ↑ "OB10 brings electronic invoicing to Coupa". Retrieved Finextra (2012-12-04). Check date values in: |access-date= (help)
  13. ↑ "Taulia, OB10 to create global P2P service". Retrieved Finextra (2011-03-22). Check date values in: |access-date= (help)
  14. ↑ sharedserviceslink.com webinar 'Virgin Atlantic reveals its 7 secrets to e-Invoicing success' http://www.ob10.com/Country/UK/VirginAtlantic-7-secrets-to-e-Invoicing-success
  15. ↑ Supply Demand Chain Executive. "Tech Data Europe To Phase Out Paper Invoices." January 3, 2012. Retrieved January 13, 2012.
  16. ↑ "Toyota material handling joins the OB10 e-Invoicing network". Retrieved FX-MM (2013-06-25). Check date values in: |access-date= (help)
  17. ↑ The Paypers. "OB10 raises USD 6.4 million in capital investment." March 29, 2011. Retrieved March 15, 2012.
  18. ↑ Jennifer Bollen, Financial News. "Fleming buyout house targets payment processing sector." Mar 06, 2012. Retrieved March 15, 2012.

External links

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