US energy management company Schneider Electric has reached an agreement with global e-Invoicing network OB10 to deploy the latter’s electronic invoicing solution to all regions of its global operations.

After the rollout of OB10’s e-invoicing solution in North America 18 months ago, Schneider Electric will now implement the same functionalities for its worldwide organization.

In addition to the existing North American operation, the new global agreement between the two companies will see the implementation of OB10 in Schneider Electric’s Accounts Payable operation across Europe, the Middle East and Asia Pacific – helping the company to achieve paperless status worldwide.

With service centres in North America, Europe and Asia Pacific, as well as multilingual support, OB10 is set to provide Schneider Electric with support in globalizing their e-invoicing efforts. Furthermore, OB10 already ensures compliance with tax and regulatory requirements across multiple regions.

The OB10 e-Invoicing solution being rolled out to Schneider Electric includes PO Validation – rules-based validation rooted in specific Schneider Electric requirements designed to reduce exception handling of incoming invoices; Payment Status – allowing suppliers to view the status of their payment via the OB10 portal; PO Flip – a solution that allows lower volume Schneider Electric suppliers to log into the OB10 web portal and flip PO’s into invoices; and Remittance Advice Delivery – enabling electronic payment to suppliers.