OB10, operator of a global electronic invoicing network, has added Purchase Order Services to its offering. The new product extends the network further into the purchase-to-invoice cycle, the vendor said. Trading partners can send and receive purchase-order documents through the OB10 network. The technology allows clients and suppliers to speed up the purchasing process while reducing PO processing costs, OB10 claimed. Clients send POs to suppliers, who acknowledge them and convert them into invoices. Using client-provided PO data, the network can compare the supplier's invoice and client's PO, validating that the invoice conforms to the terms and conditions of the PO. As clients send POs to suppliers, the network validates the file structure and writes the records to the client's PO database, cross-referencing each supplier. Clients receive a notification of the results of the processing. The OB10 Network supports any-to-any data formatting, allowing both clients and suppliers to receive PO data in the format of their choice. Clients can submit new POs as well as modify, cancel or update existing ones. Suppliers can accept the POs as specified or conditionally, choosing to allow or prohibit modifications. By making the PO process electronic, the system ensures that POs aren't lost, damaged or delayed, OB10 said.
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