SOURCE: Sterling Commerce

Sterling Commerce

June 23, 2010 09:00 ET

Irish Dairy Board Realizes Cost Savings on Cross-Border Invoicing With Sterling e-Invoicing

COLUMBUS, OH--(Marketwire - June 23, 2010) -  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 EUR 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.

IDB has implemented the solution for more than 60 customers to date, and plans to roll out to the rest of the customer base in the coming months. Once fully implemented, the system will cover customers in all European Union countries and North America. IDB, an existing user of Sterling Commerce's flagship enterprise integration platform, Sterling Integrator, chose Sterling e-invoicing as an on-premise add-on, making set up and ROI on the e-invoicing solution quick and easy. Sterling e-Invoicing handles both PDF signature authentication and EDI invoice processing, allowing businesses of all sizes and IT sophistication to trade easily with IDB.

"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 realizes 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 non-compliance can be high."

A video of IDB's previous work with Sterling Commerce can be found at: http://download.sterlingcommerce.com/videos/idbshort_/

Today, Sterling Commerce also announced the findings of a global survey that examines how companies manage the complexity of cross-border invoicing. See related release, "U.S. and European Survey Finds Companies Risk Fines for Non-compliance with Cross-border Invoicing Regulation," at http://www.sterlingcommerce.com/about/news/Storage/20100623+Forrester+einvoicing+survey.

About Sterling Commerce

Sterling Commerce, an AT&T Inc (NYSE: T) company, helps companies optimize and transform their Business Collaboration Network to accelerate revenues and reduce costs. Sterling Commerce provides more than 18,000 customers worldwide with applications and integration solutions to connect, communicate and collaborate inside and outside their enterprise. More information can be found at www.sterlingcommerce.com.

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