Tech Data Europe to Phase out Paper Invoices

Large technology-products distributors chooses OB10 for e-Invoicing

London, Jan. 4, 2012—Tech Data, a distributor of technology products, has selected OB10, the e-Invoicing network, to automate its invoicing process, improve productivity, and strengthen data quality and compliance through electronic invoicing in Europe.

Having rolled out EDI with some suppliers, Tech Data is taking automation further by extending e-Invoicing to its vendor partners across Europe. The technology company already understands the benefits suppliers will gain as it has been transacting with its own customers on the OB10 network since 2009.

Tech Data’s goal is to achieve touchless invoice processing. Through e-Invoicing the company aims to deliver accurate data into its ERP system, improve cash flow, increase PO compliance and reduce the company’s carbon footprint.

“Critical to our choice of service provider were demonstrable experience in on-boarding suppliers to the network, and the ability to manage the complexity of cross-border legal and VAT regulations,” said Philippe Bosquier, VP IT Europe and managing director Tech Data IT. “We are committed to phasing out paper and bringing greater efficiency and transparency to our finance function and suppliers through e-Invoicing.”

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