Kellogg's, the manufacturer of more than 40 different cereals marketed across 160 countries, has chosen OB10 to provide an electronic invoicing solution in order to simplify its accounting processes and reduce costs.
Kellogg's decided to pursue an e-invoicing solution that was closely aligned with the company's supplier payment initiative, says John Gregory, head of Finance Shared Services for Kellogg's.
"The use of e-commerce solutions to automate supplier payment processes (from order issue through to remittance advice) is a proven method of trade that brings benefits to both the customer and supplier," Gregory says. "By working with OB10, we are looking to improve efficiency across the purchasing and payment processes."
"By linking with Kellogg's existing ERP and workflow systems, OB10 can provide a powerful solution that will transform the way in which the company interacts with its suppliers," says Jamie Gunn, CEO of OB10. "Both Kellogg's and its suppliers will benefit from a more efficient process."
According to OB10, the solution will allow Kellogg's suppliers to:
• Achieve system integration with Kellogg's accounting and invoice approval systems
• Benefit from improved invoice process cycle time; within minutes of creating an invoice, it can be posted across a secure network into Kellogg's ERP system, and
• Eliminate the costs and postal delays involved with paper invoicing.
The initial three-year agreement between Kellogg's and OB10 will cover suppliers in the U.K., Ireland, Germany, France, Spain, Netherlands, Belgium, Austria and Scandinavia. Italy is expected to come on board in the near future.
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