SAN FRANCISCO--OB10, the global e-Invoicing network, today announced that 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 development program, a program designed to help create efficient automated trading partnerships for the company.

"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," said John Gregory, Head of Finance Shared Services for Kellogg's. "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," said Jamie Gunn, CEO of OB10. "Both Kellogg's and its suppliers will benefit from a more efficient process."

In addition, OB10's e-Invoicing 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
• 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, with Italy also expected to come onboard in the near future.

About OB10

OB10 (www.ob10.com) is the leading global B2B e-Invoicing network. OB10 simplifies and streamlines complex invoice-to-pay processes. Neither client organizations nor their suppliers are required to implement any hardware or software, and OB10 is independent of data file formats. OB10 reduces the cost of paper invoice processing by up to 60 percent and delivers ROI in less than a year. Operational across North America, Europe and Asia, OB10 is compliant with the requirements of tax and e-Invoicing legislation. To ensure unrivaled and rapid supplier enrolment, each new customer's suppliers are supported by an implementation services team responsible for getting them up and running on the OB10 network. Customers in North America and Europe include: HP, General Motors, Sara Lee, Procter & Gamble, Johnson & Johnson, Kellogg's, GSK (GlaxoSmithKline), Agilent Technologies, Barclays, Cargill, Mohawk Industries, Greif, Eaton, Medas (BBC), and Fisher Scientific.