New York,—London-based Open Business Exchange introduced its electronic invoice delivery service in the United States. OB10 enables large buyers of goods and services to receive electronic invoices from an unlimited number of suppliers directly into ERP systems or accounting software. OB10 integrates easily into existing systems and accommodates any data format. The company claims large buying organizations can save up to 80 percent of invoice costs.

OB10 provides an advantage to multinational companies where Value Added Tax is applied to sales. Users won't need to process and retain paper documents because OB10 is designed to meet individual country tax standards.