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Cost Saving On Cross-Border Invoicing

30 June 2010

IRELAND - Sterling Commerce, an AT&T Inc (NYSE:T) company, today announced that Irish Dairy Board (IDB), a major international exporter of dairy products with annual revenues of over €1.8 billion ($2.21 billion), has implemented Sterling e-Invoicing to reduce the debtor collection period and administration costs and improve order-to-cash processes.

As an early adopter of comprehensive cross-border e-invoicing technology in Ireland, IDB is leading the way in enabling the ability to archive and revalidate any invoice, at any time, and easily run summary reports for compliance purposes upon request by auditors.

“The scale of the software solution is a match for our large customer base and multiple day-to-day business processes,” said Sean Flynn, business analyst at IDB. “The feed from the ERP system is totally automatic, eliminating the need for manual printing of invoices for dispatch to the customer. The time and cost savings are substantial. We want to make it as easy as possible for partners and customers to do business with us, and the feedback has already been very positive.”

“IDB realises not only the cost savings but also the compliance benefits of automation that comes from implementing a cross-border e-Invoicing solution,” said Ken Ramoutar, vice president, Product and Industry Marketing, at Sterling Commerce. “Businesses that trade internationally must deal with regional variations in tax and financial regulation and the cost of noncompliance can be high.”



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