LONDON, September 24, 2013 /PRNewswire/ --
Thirty per cent of new buying organisations on the OB10 network join via BPO providers so far in 2013
With seven of the ten leaders in finance and accounting business process outsourcing (F&A BPO)* re-selling OB10, the global e-Invoicing network, to their customers, BPO providers have become an important channel into the global F&A market.
Through these strategic partnerships, OB10 enables outsourcers to meet their targets by bringing greater efficiency and added value to the procure-to-pay (P2P) process.
According to Cathy Tornbohm, Research VP, Gartner, Inc, "Most F&A BPO providers have built a collection of best-in-breed or in-house tools, as well as relationships with specialist service providers, such as scanning, treasury software or electronic invoice companies. This approach allows the processes to be delivered remotely, and enables process efficiency and standardisation."
Thirty per cent of the new buying organisations that have joined OB10 so far in 2013 - all large global enterprises - have come through a BPO provider.
"Shifting work from one location to another is a small part of our value proposition," says Leo Curran, SVP and Head of UK/Europe, at EXL, a leading business process solutions company. "Rather, we work with our clients to help transform their business operations by deploying technologies like OB10 together with analytics and operational improvements. The plans for OB10 and Tungsten Corporation to join forces will enhance our relevancy to clients with increased ability to add value to cash management and spend analytics - areas of critical concern to them."
"We are committed to our BPO partners," says Paul Frederick, President at OB10, Inc. "With rising offshore-labour costs and aggressive outcomes-based targets, leading providers are turning to process-enhancing technologies, such as purchase-to-pay automation and spend analytics."
*Magic Quadrant for F&A BPO, Gartner, Inc, May 29, 2013
OB10, the global e-Invoicing network that recently announced its intention to join forces with Tungsten Corporation plc, streamlines the invoice-to-pay process to enable prompt payment. Operational across Europe, the Americas and Asia, OB10 can reduce invoice-processing costs 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, GlaxoSmithKline, IBM, Kellogg's, Motorola, Tesco, US Federal Government and Whirlpool.
Sandra Higgison, Head of Global Communications, +44(0)20-7406-5772, sandra.higgison@OB10.com.