Seeking a fiscally and environmentally responsible approach to automating its accounts payable and supply chain process, Memorial Hermann Healthcare of Houston has embraced electronic invoicing and joined the OB10 e-Invoicing network.
The Memorial Hermann Healthcare Procure-to-Pay (P2P) initiative includes both e-Invoicing and the use of Pcard Buyer Initiated Payment. With this combination, the initiative achieves an invoice to pay process.
After performing a pre delivery audit to eliminate exception handling, the OB10 network will deliver suppliers' invoices within minutes of their submission so that Memorial Hermann Healthcare can provide real time, straight through invoice processing therefore maximizing the back end purchasing card payments into suppliers? bank accounts.
OB10 clients typically cut 10 to 15 days out of the invoice cycle, which enables them to better manage their cash flows. Also, the electronic availability of e-Invoice data gives them much greater control over their cash flow. Suppliers benefit from quicker, more accurate payments, along with the assurance that their invoices have been received by their customers. OB10 has assigned a dedicated team to work with Memorial Hermann's suppliers in the migration to e-Invoicing.
In contrast to traditional e-Invoicing approaches that require rigid file specifications, OB10's Any-to-Any Data Formattingsm capability allows organizations to send and receive invoices in any file format and file structure, thereby eliminating the technical and cost barriers to adoption. In addition, OB10's supplier enrollment brings suppliers on board quickly and effectively.