Electrical retailer DSG International is to abandon paper invoicing in favour of an electronic system, using electronic invoice exchange OB10.
OB10 hosts a global e-invoicing network that allows invoices to be transmitted directly between suppliers' billing systems and buyers' enterprise resource planning or accounting systems.
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
DSG expects the move to bring significant cost savings and improve back office efficiency.
Ben Lewis, DSG’s UK finance transaction manager said, “Paper-based processes are inherently inefficient and expensive for us and our suppliers. By moving to electronic invoicing, we can achieve significant savings and channel resources into our core business.
“In addition, OB10 will create improved transparency for us and our suppliers, which will enable us to make more informed discussions on purchasing and will make it easier for suppliers to do business with us.”
OB10 will work with DSG to enrol key suppliers to the new electronic process over the next few months. The process is designed to be scalable to allow for the growth of DSG’s business.