Toyota Material Handling Europe to Transform Accounts Payable with OB10
LONDON and MJÖLBY, Sweden, June 25, 2013 /PRNewswire/ --
e-Invoicing with OB10 helps TMHE achieve sustainability targets
and improve supplier relations
Toyota Material Handling Europe (TMHE), the leading provider of forklifts and warehouse equipment, has selected OB10, the global e-Invoicing network, to bring the benefits of invoice automation to its community of suppliers. e-Invoicing streamlines the complex invoice-to-pay process, and enables straight-through processing and prompt payment for suppliers.
With an initial focus on Sweden, TMHE is rolling out e-Invoicing to create more efficient Accounts Payable processes and build stronger relations with suppliers. By joining the OB10 network, TMHE has chosen an e-Invoicing platform that offers solutions for its larger and smaller suppliers. This project helps create a sustainable society by reducing Muda (waste) in terms of labour, energy, paper and time.
"We are running a series of campaigns to introduce all our suppliers to electronic invoicing," says Lars Hägerborg, CFO at Toyota Material Handling Europe. "By adopting OB10's best-practices for technical implementation and supplier enrolment, we will bring compliant straight-through invoice processing to our organisation, allowing a more consistent payment process for our supplier base."
To ensure the benefits of e-Invoicing are realised by both the company and its suppliers, representatives from Finance, Procurement and Sustainability are collaborating on the roll out.
"We're privileged to count TMHE among the latest organisations to join OB10," says Luke McKeever, CEO at OB10. "e-Invoicing will transform the TMHE purchase-to-pay process and bring value to its whole supply chain."
OB10 (http://www.OB10.com), the global e-Invoicing network, can reduce the cost of invoice processing by 60% and delivers an ROI in less than a year.
The OB10 network connects large organisations to their thousands of suppliers around the world. Buyer customers include Aviva, Cargill, Deutsche Lufthansa, Nomura, GM, GlaxoSmithKline, IBM, Kellogg's, Motorola, Tesco, US Federal Government and Whirlpool.
Toyota Material Handling Europe
Toyota Material Handling Europe (TMHE) helps businesses of all sizes across Europe meet today's materials handling challenges.
Active in more than 30 countries and headquartered in Sweden, TMHE has 4,000 service engineers, 8,000 employees, and a network of independent distributors and dealers. TMHE is the European regional organisation of Toyota Material Handling Group, part of Toyota Industries Corporation, the global leader in materials handling equipment.
SOURCE OB10 & Toyota Material Handling Europe (TMHE)