Toyota Material Handling Europe to Transform Accounts Payable with OB10

   Toyota Material Handling Europe to Transform Accounts Payable with OB10

  PR Newswire

  LONDON and MJÖLBY, Sweden, June 26, 2013

LONDON and MJÖLBY, Sweden, June 26, 2013 /PRNewswire/ --

e-Invoicing with OB10 helps TMHE achieve sustainability targets and improve
supplier relations

Toyota Material Handling Europe (TMHE), the leading provider of forklifts and
warehouse equipment, has selected OB10, the global e-Invoicing network, to
bring the benefits of invoice automation to its community of suppliers.
e-Invoicing streamlines the complex invoice-to-pay process, and enables
straight-through processing and prompt payment for suppliers.

With an initial focus on Sweden, TMHE is rolling out e-Invoicing to create
more efficient Accounts Payable processes and build stronger relations with
suppliers. By joining the OB10 network, TMHE has chosen an e-Invoicing
platform that offers solutions for its larger and smaller suppliers. This
project helps create a sustainable society by reducing Muda (waste) in terms
of labour, energy, paper and time.

"We are running a series of campaigns to introduce all our suppliers to
electronic invoicing," says Lars Hägerborg, CFO at Toyota Material Handling
Europe. "By adopting OB10's best-practices for technical implementation and
supplier enrolment, we will bring compliant straight-through invoice
processing to our organisation, allowing a more consistent payment process for
our supplier base."

To ensure the benefits of e-Invoicing are realised by both the company and its
suppliers, representatives from Finance, Procurement and Sustainability are
collaborating on the roll out.

"We're privileged to count TMHE among the latest organisations to join OB10,"
says Luke McKeever, CEO at OB10. "e-Invoicing will transform the TMHE
purchase-to-pay process and bring value to its whole supply chain."

OB10

OB10 ( http://www.OB10.com ), the global e-Invoicing network, can reduce the
cost of invoice processing by 60% and delivers an ROI in less than a year.

The OB10 network connects large organisations to their thousands of suppliers
around the world. Buyer customers include Aviva, Cargill, Deutsche Lufthansa,
Nomura, GM, GlaxoSmithKline, IBM, Kellogg's, Motorola, Tesco, US Federal
Government and Whirlpool.

Toyota Material Handling Europe

Toyota Material Handling Europe (TMHE) helps businesses of all sizes across
Europe meet today's materials handling challenges.

Active in more than 30 countries and headquartered in Sweden, TMHE has 4,000
service engineers, 8,000 employees, and a network of independent distributors
and dealers. TMHE is the European regional organisation of Toyota Material
Handling Group, part of Toyota Industries Corporation, the global leader in
materials handling equipment.

http://www.toyota-forklifts.eu

Contact: Akiko Elmwall, PR Executive +46(0)142-86259,
akiko.elmwall@toyota-industries.eu. Sandra Higgison, Head of Global
Communications, +44(0)20-7406-5772, sandra.higgison@OB10.com