www.OB10.com/Pfizer

1 Pfizer Inc 6730 Lenox Center Court Memphis, TN 38115 Julie Lord Global Financial Solutions February 2010 Dear Sir/Madam, I am writing to inform you that Pfizer is implementing an electronic invoicing (eInvoicing) program which you will be required to use for submitting invoices moving forward. This change supports Pfizer s strategy to optimize financial processing while providing value-added services to our customers. EInvoicing presents a variety of benefits including the reduction of collections and administrative costs, facilitation of timely and predictable payments and elimination of paper invoicing. There is a minimal cost associated with eInvoicing for both you and Pfizer.

2 However, our expectation is that the benefits of the system will offset the cost. You may begin submitting eInvoices to Pfizer Accounts Payable immediately using the process described on the following pages. Effective March 31, 2010, invoices sent to Pfizer Accounts Payable must be submitted as eInvoices; paper invoices received after this date will not be accepted. If your volume necessitates the creation of an automated interface, alternate deadlines will apply (see Integrated Solution Deadlines below). To facilitate your transition to eInvoicing and to manage the process going forward, Pfizer has partnered with OB10, a third-party eInvoicing service provider.

3 OB10 offers flexible options for submitting invoices that accommodate a wide variety of supplier sizes, systems, and processing needs. An OB10 representative will contact you in the next few days to explain the options available and assist you in the transition to eInvoicing. In the meantime, you may obtain further information via the following information sheets and online at To enroll in the eInvoicing process or inquire about the OB10 eInvoicing solution, please contact OB10 at If you would like to contact Pfizer about this request, please email Thank you in advance for your support of eInvoicing.

4 We look forward to receiving your invoices via OB10 in the near future. Regards, Julie Lord Global Process Owner P2P, Global Financial Solutions Copyright 2008 OB10 Ltd OB10 Options Overview As part of Pfizer s policy to continuously improve efficiency and service, we are currently implementing the next stage of our electronic strategy to move away from paper-based invoicing. We have partnered with OB10, a third-party eInvoicing service provider, to facilitate this process. What are the benefits of using OB10? Secure and guaranteed invoice delivery within hours Expedited invoice processing - less time to process thus enabling invoices to be paid quicker ANY-TO-ANY DATA FORMATTING technology - there is no need for additional software or hardware Higher processing transparency and better Cash Flow Management due to 24/7 access and reporting European VAT compliant, regardless of where invoices are sent from or received Easy and cost efficient to send invoices - at any time There are two primary methods for sending Invoice and Credit transactions via OB10.

5 You can either send a data file directly to OB10 using the Integrated Solution or create invoices on-line using the Web Form. Charges are made directly from OB10 and will vary dependent on the service you use. Please read the document fully before deciding which option is best for your company. How does OB10 work / what costs are involved? OB10 provides two options which enable you to send electronic invoices: Integrated Solution and Web Form. To ensure automated, straight-through processing and on time payment, invoices submitted are checked by OB10 for duplicates, completeness, and accuracy. Once validated, OB10 creates an electronically signed invoice image and passes the invoice to Pfizer in the data and image formats.

6 Pfizer posts the data format invoice in its Accounts Payable system and pays the invoice following its normal process. The image is retained as a backup. You have access to the Image Archive and various reporting functions through the OB10 portal. Copyright 2008 OB10 Ltd 1. Sending an extracted data file, using the Integrated Solution You benefit from a fully automated process as invoice data is extracted directly from your billing system using the format, content and structure of your choice. OB10 will create your account on the network, ensuring integration with your existing system. OB10 will accept your invoice and data and translate it directly to the format required by us or any of your customers on the network.

7 Data files can be sent to the network via the OB10 secure web site, EDI or FTP. If you follow OB10 s guidance when creating your data files, changes shouldn t be required as additional customers request your invoices via OB10. If you select the Integrated Solution option, please deliver a test data file to OB10 by April 19, 2010. Costs for the Integrated Solution Annual Maintenance Fee $850* Per Invoice Transaction Costs 1 20 invoices per month $ 21 100 invoices per month $ 101 500 invoices per month $ 501 2,000 invoices per month $ 2001 + invoices per month $ * The annual fee covers a single tax entity. If you have multiple tax entities, there is likely to be additional charges.

8 The additional charges will fluctuate based on number of different formats, number of separate connections etc. Please discuss directly with your OB10 representative. Note: Transactions are charged on a monthly basis according to volume. 2. Sending electronic invoices using the Web Form The OB10 Web Form is designed for companies who send a low volume of invoices per year per buyer. OB10 provides a state of the art web-based service that allows you to submit your invoices online, using a secure connection. OB10 guarantees delivery of your invoice to us within hours, allowing us to process your invoice and make prompt payment to you.

9 Costs for the Web Form (No annual fee) Annual Maintenance Fee $0 Pre-purchased Invoice Blocks 25 invoices $30 50 invoices $55 125 invoices $125 You are not required to pay a set-up fee to start using this service. Transactions are purchased in a batch. During registration you ll be asked to buy the first batch of 25 invoices. The transaction cost is based on each invoice or credit processed regardless of the number of lines or the value of the invoice. How to use the Web Form To start using OB10, all you need to do is contact OB10 at or call 1-877-752-0900, option 2 and arrange for them to activate your account. During the registration process you ll be asked to buy the first batch of 25 invoices.

10 After you have submitted your details you will receive your login details via email confirming that you can start sending electronic invoices via OB10. Copyright 2008 OB10 Ltd OB10 FAQs Will I need to sign an agreement with OB10? Yes, if you choose to use the Integrated Solution you will sign a specific agreement with OB10. If you choose to use the Web Form, you will be required to accept the standard terms and conditions presented. Why doesn t Pfizer pay the fees? To use the OB10 service, both you and Pfizer pay a fee as we will both benefit from the service. Our analysis shows that once you factor in costs of printing and delivery, it can be more cost effective to submit an invoice electronically via OB10.