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OB10 launches Express Payments supply chain finance service in the UK

Thursday 25 October 2012 11:32 CET | News

UK-based global B2B e-invoicing network operator OB10 has launched a supply chain finance service dubbed OB10 Express Payments that allows organisations to receive payment on approved invoices within three days.

With the OB10 Express Payments service, once an invoice has been approved, suppliers can choose to receive early payment to their bank accounts within three working days. Suppliers agree to a discount in return for more immediate payments.

The OB10 Express Payments service is supplier led. A company can choose whether or not to take early payment and can choose to apply it to one invoice, all invoices or a selection of transactions.

OB10’s e-invoicing network is operational across Europe, North America and Asia, supports local language requirements and complies with worldwide and regional tax regulations. In recent news, OB10 has entered a deal with Australian building products company CSR to offer electronic invoicing to the latter’s 10,000 suppliers.


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Keywords: OB10, Express Payments, supply chain finance
Categories: Banking & Fintech
Companies:
Countries: World
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Banking & Fintech






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