OB10 Selected by Coca-Cola Hellenic Bottling Company for e-Invoicing

LONDON, September 27, 2013 /PRNewswire/ --

Multinational bottling company to automate Purchase to Pay with OB10

OB10, the global e-Invoicing network, has been selected by Coca-Cola Hellenic Bottling Company (HBC), one of the largest bottlers of The Coca-Cola Company products, to support its finance transformation goals.

Active in 28 countries, Coca-Cola HBC is rolling out a range of OB10 services, including e-Invoicing, Invoice Archiving, Purchase Order Services and the Invoice Status Service for the benefit of the business and its suppliers.

Luke McKeever, CEO at OB10, says, "It is a pleasure to welcome Coca-Cola HBC to the OB10 network. We look forward to supporting its e-Invoicing journey and delivering the advantages of straight-through processing and invoice automation."

OB10 is recognised for its experience in supplier engagement, and is compliant with the tax and legal regulations of 42 countries. Organisations that are members of the e-Invoicing network enjoy process efficiency and visibility, cost reduction, and predictable payment. They also reduce their impact on the environment by eliminating paper and the energy required to transport and store paper invoices.

About OB10

OB10, the global e-Invoicing network that recently announced its intention to join forces with Tungsten Corporation plc and seek admission to trade on the Alternative Investment Market, streamlines the complex invoice-to-pay process to enable prompt payment.

Operational across Europe, the Americas and Asia, OB10 can reduce the cost of invoice processing by 60% and deliver an ROI in less than a year.

The OB10 network connects large organisations to their thousands of suppliers around the world. Buyer customers on the network include Aviva, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, IBM, Kellogg's, Motorola, Tesco, US Federal Government and Whirlpool.

Contact: Sandra Higgison, Head of Global Communications, +44-(0)20-7406-5772, sandra.higgison@OB10.com.

SOURCE OB10



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