REAL ESTATE

Sylvania Sports World opens at Starlite Plaza

BY CSA STAFF

Sylvania, Ohio — Sylvania Sports World announced it has opened a 12,800-sq.-ft. store at Starlite Plaza, located in Sylvania, Ohio.

The shopping center is owned by New York City-based Centro Properties Group.

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Tommy Hilfiger Europe automates payments process with software from Sterling Commerce

BY CSA STAFF

Barcelona, Spain — Tommy Hilfiger Europe has selected an electronic invoicing software from IBM to reduce the cost of cross-border and domestic trading by automating its electronic invoicing processes.

Tommy Hilfiger’s accounts receivable department processes more than 30,000 invoices per month from 4,000 customers. The company wanted to improve profits by ensuring all invoices are processed accurately in order to be paid on-time and in-full. An end-to-end audit of accounts receivables processes found that invoices cost approximately one Euro each to print and post internationally.

Additional costs were incurred in the manual process through lost receipts and man-hours needed to rectify errors and chase-up receipts.

To achieve its objectives, Tommy Hilfiger adopted software from Sterling Commerce, an IBM company, to automate its payments process, reduce the error rate in its invoice handling and speed up payments.

“To us, e-invoicing is the future of invoicing and we wish to be among the first companies in our industry to offer this service to our customers,” said Frederick Kolff, VP of credit management, Tommy Hilfiger. “Software from Sterling Commerce offers a terrific solution that improves the speed, accuracy and efficiency of our invoicing process and ensures compliance with all safety and auditing regulations in the various countries where we operate. As a result, our invoicing costs will reduce and our days sales outstanding will improve. Equally important to us is that we can have a positive impact on the environment from e-invoicing due to the huge amount of paper we will save.”

The software, Sterling e-Invoicing, ensures automated tax and regulatory compliance across multiple countries. The system also archives invoices to meet specific country requirements, offers audit and reporting tools to accommodate tax authorities’ audit and inquiry demands and provides signed PDF authentication and non-repudiation services globally.

Sterling e-Invoicing can be deployed on-premise or as-a-service. Tommy Hilfiger opted for the on-premise Sterling e-Invoicing deployment to integrate tightly into its SAP system.

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Best Buy encourages consumers to recycle on Nov. 15

BY CSA STAFF

MINNEAPOLIS Best Buy announced that it is encouraging consumers nationwide to take action on America Recycles Day, Nov. 15, by using Best Buy’s comprehensive, convenient recycling and trade-in programs for old or obsolete electronics.

“As we help consumers make smart technology choices today, we have a responsibility to help them get rid of their old and obsolete devices,” said Paula Prahl, senior vice president, communications, public affairs, and corporate responsibility, Best Buy. “Our programs make it simple for consumers to recycle and help significantly reduce the amount of electronics in the waste stream.”

Best Buy said it offers a variety of programs to help consumers recycle, reuse, or trade in products — all of which are detailed at www.bestbuy.com/recycling.

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