OB10

KeyMark has added an e-invoicing option to our KeyTrack solution. No more paper, no more problems, as KeyTrack provides a complete integration solution to receive and engage an approval and payment cycle. Our recent partnership with OB10, the leading supplier of electronic invoicing, gives us the ability to deliver the traditional benefits of e-invoicing in a streamlined process such as: Line Item Detail, and Data Integrity. As importantly, the KeyMark e-invoice solution enables financial controls and benefits found only through electronic receipt.

TECHNICAL OVERVIEW

OB10 allows A/P departments to receive invoices electronically from suppliers, thereby:

eliminating manual scanning and data entry, and
enabling dramatic process improvements to reduce exceptions and increase early pay discounts.

OB10 is an ideal solution for companies that have struggled to expand EDI beyond their top strategic suppliers due to the associated costs and complexity. OB10 is format independent, so suppliers are not required to implement any hardware or software. Furthermore, OB10 enrolls suppliers on behalf of each client, using a proven process and guaranteeing results.

KEY BENEFITS

Exception Prevention - Neither buyers nor sellers profit from exceptions and investigations. The KeyTrack e-Invoice solution provides real-time, table-driven, field validation which identifies errors and exceptions before the buyer ever receives an invoice.
Line Level Detail - Providing invoice data at the line level enables a buyer's auto match process to automatically approve payment for a higher percentage of invoices. This is standard on every KeyTrack e-invoice solution.
The critical value drivers now delivering e-invoicing benefits include: Higher Operating Margins, Lower Net Costs, Optimized Cash Management and Improved Compliance.

KEY FEATURES

Format-Independence - With Format-Independence, neither the buyer nor the seller has to implement custom software to re-format invoices to comply with formatting requirements. The KeyTrack e-invoice solution accepts all formats. Over 2,900 system maps are already created.
Discount Capture - KeyTrack e-invoice is usually delivered to your system in less than 4 hours of creation by the vendor, leading to the approval and pay cycle being reduced to just a few days. This ability to quickly turn around invoices allows for more discounts to be negotiated with key suppliers, as well as improving your ability to take advantage of existing discount terms across your spend. For large organizations, this can be worth
millions of dollars in savings.
Enrolling Suppliers - With over 40,000 suppliers already on the network, new clients find that many of their suppliers are already sending electronic invoices using the KeyTrack e-Invoice network. Powered by OB10, we provide end-to-end, comprehensive supplier enrollment, setup and testing services to maximize vendor participation and dramatically reduce paper invoice processing.