The Irish Dairy Board (IDB) is a commercial cooperative and the major international exporter of Kerrygold and other Irish dairy products worldwide, with annual revenue of $2.4 billion.
IDB had previously deployed the Sterling Commerce flagship B2B integration platform, IBM Sterling B2B Integrator, to streamline its supply chain. In 2010, IDB deployed the IBM Sterling e-Invoicing solution for customers in 14 of the 27 European Union (EU) countries to speed receivables collection, reduce administrative costs and improve order-to-cash processes.
IDB realized not only the cost savings but also the compliance benefits of automation that come from implementing a cross-border e-invoicing solution. Businesses that trade internationally must deal with regional variations in tax and financial regulation, and the cost of noncompliance can be high. The solution provides up-to-date compliance data from local law firms and tax authorities as well as documentation of compliance processes and legal requirements. IDB can archive and revalidate any invoice at any time and provide summary reports when required by auditors for compliance checking.
Read this report and discover how the Irish Dairy Board achieved:
- User productivity increase
- Cost reduction
- Significant improvements in order to cash
- And more.