This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Infosys BPO And OB10 Announce Strategic Partnership

Stocks in this article: INFY

LONDON, November 27, 2012 /PRNewswire/ --

OB10, the e-Invoicing network, today announced a strategic partnership with Infosys BPO, the business process outsourcing subsidiary of Infosys Limited. This partnering of two best-of-breed companies will offer enhanced capabilities to the Finance and Accounting (F&A) business process management and process automation spaces.

The collaboration enables Infosys BPO to extend the next wave of business benefits to its global clients. Invoice processing has traditionally been an area of labour-intensive and high touch point transactional activity within the finance function. OB10's invoice-automation services enable improved productivity, enhanced data quality, payment on time and increased transparency to the purchase-to-pay process.

Anantha Radhakrishnan, Vice President and Unit Head - Global Centers, Business Transformation and Technology Services, Infosys BPO, said, "Our partnership with OB10 will help in further transforming clients' businesses, thus realizing enhanced business value for them. E-Invoicing is a key strategic imperative for clients in the Finance and Accounting space, and this partnership will help deliver higher efficiency and effectiveness to them. This association further validates our position as a trusted transformation partner to our clients."

The combination of best-in-class skills, technology and methodologies from OB10 and Infosys BPO has already had an impact on two large global corporations that are rolling out e-Invoicing to their supplier ecosystems.

"Automation is the natural next step for organisations that have centralised their finance functions," said Luke McKeever, CEO at OB10. "By working closely with Infosys BPO, we are making the transition to electronic invoicing seamless to both customers and their suppliers. Once embedded, their relationships can be strengthened even further with easy access to early payment through dynamic discounting and supply chain finance."

About OB10

OB10 ( http://www.OB10.com), the e-Invoicing network, simplifies and streamlines the complex invoice-to-pay process to enable prompt payment. Operational across Europe, North America and Asia, OB10 can reduce the cost of invoice processing by 60% and deliver an ROI in less than a year.

The OB10 network connects over 120,000 suppliers to large buyers, such as Aviva, Cargill, Deutsche Lufthansa, Nomura, Eli Lilly & Company, General Motors, GlaxoSmithKline, IBM, Kellogg's, Motorola, Tesco, US Federal Government and Whirlpool.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,802.26 -7.80 -0.04%
S&P 500 2,067.45 +3.95 0.19%
NASDAQ 4,748.0980 +35.1280 0.75%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs