Yesterday, I had the pleasure to speak to Marcus Hughes of Abbey UK Corporate Banking, and learn bit more about the solution they have brought to market jointly with OB10. Abbey calls this reverse factoring. Let’s review the business process: Supplier sends the invoice to buyer through OB10 e-invoicing platform. I assume everyone knows how this works, so no point in repeating it here other than to say, like every vendor out there, OB10 also claims that they can take data out from any back-office system, translate it and present it in the desired format to the recipient’s back-office system.…
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