MHK Mohawk Industries Inc

Mohawk Industries, Inc. (NYSE:MHK), a leading supplier of flooring for both residential and commercial applications, announced today that it has selected OB10, the global e-Invoicing network with members in 70 countries and across six continents, to provide an electronic invoicing solution to enhance the accounts payable process. The Mohawk family is comprised of various subsidiaries and brands and maintains an unparalleled distribution network in the U.S. To better manage back office processes, Mohawk is dedicated to preserving a "best in class" level of operations to service a large customer base with a premium level of service in the most efficient manner. The Mohawk accounts payable department has used a sophisticated workflow application and for some time sought a more cost-effective solution to receive and process invoices. After evaluating several options, Mohawk came to the conclusion that OB10 e-Invoicing provided the best solution while supporting the company's business strategy to offer excellent customer service. Using OB10 not only improves the process and cut costs, it also: (1) improves and strengthens Mohawk's relationships with its suppliers; (2) eliminates invoice paperwork and potential errors associated with processing paper invoices; (3) positions Mohawk for international growth and expansion, as OB10 is the only provider that is VAT compliant in multiple countries; and (4) demonstrates Mohawk's commitment to continuous improvement. Mohawk estimates that over the next 12 months, the majority of their suppliers will convert and present invoices via the OB10 network, representing approximately 70 percent of their current paper invoice volume. OB10 will manage all of the activities critical to supplier enrollment, including supplier communication, integration, and technical support. "Mohawk is pleased to be the first organization in our industry to move to e-Invoicing as a more innovative, efficient way of processing invoices," said Mark Dailey, Director of Financial Operations for Mohawk Industries. "We see this as a step toward strengthening supplier relations while providing world class, cost effective service." "OB10 is honored that Mohawk selected us as their solution provider," said Jamie Gunn, chief executive officer, OB10. "We are pleased that OB10 will help strengthen Mohawk's supplier relations and position Mohawk for operational expansion outside North America." About Mohawk Industries Mohawk is a leading supplier of flooring for both residential and commercial applications. Mohawk offers a complete selection of carpet, ceramic tile, laminate, wood, stone, vinyl, rugs and other home products. These products are marketed under the premier brands in the industry, which include Mohawk, Karastan, Ralph Lauren, Lees, Bigelow, Dal-Tile and American Olean. Mohawk's unique merchandising and marketing systems assist our customers in creating the consumer's dream. Mohawk provides a premium level of service with its own trucking fleet and over 250 local distribution locations. About OB10 OB10's (www.ob10.com) standard-setting global B2B e-Invoicing solution simplifies and streamlines the complex invoice-to-pay processes between companies and their suppliers, while reducing the cost to manually process invoices by as much as 80 percent, and delivering ROI in less than six months. Operational in Europe, North America and Asia, web-based OB10 is compliant with each region's regulatory requirements, such as Sarbanes-Oxley and VAT. To ensure unrivaled supplier adoption, each new customer's suppliers are supported by an implementation services team responsible for getting them up and running on the OB10 network. Customers include: Hewlett-Packard, GlaxoSmithKline, Agilent Technologies, General Motors, Crown Holdings, BAT, T-Mobile, Cargill, Computacenter, TUI, Readers Digest, Eaton, Medas (BBC), Fisher Scientific, and Xansa (BT).