OB10 OB10 is an information technology services company headquartered in London, UK. History OB10 was founded in 2000 by Stefan Foryszewski, Alain Falys, John Jermy and Chris Lowrie. The company concept was to facilitate electronic invoicing using the internet. Paper invoice processing is a time consuming, process that costs corporations millions of dollars each year. Billions of paper invoices are issued by organisations annually. By moving to electronic invoices corporations improve efficiency, save money and improve their ability to pay suppliers on time. In addition, removal of paper and associated distribution costs also have a positive environmental effect. OB10 has offices in US, Asia and EU which enable it to serve each of these markets. Electronic invoicing From a business to business trading perspective, the invoice is a legal document that serves multiple functions, it is a request for payment, the accounting document for the buyer and the supplier and where appropriate the document that is used to support VAT and Tax returns and reclaims. Where an electronic invoice replaces the paper invoice it is often subject to additional rules and regulations; in most of Europe and Latin America electronic invoices must be digitally signed. Compliance rules vary from country to country. According to the OB10 web site, OB10 is able to provide a compliant electronic invoicing service in US, EU and Asia.