| Publisher | PayStream Advisors | ||
|---|---|---|---|
| Format | 282.0KB PDF | Date added | 18 Jul 2002 |
| Topics | Accounting Applications | ||
| Downloads | 1004  popular | ||
Both billers and payers are beginning to recognize that they can achieve impressive results by automating these manual processes. Billers are attracted by electronic invoice presentment and payment (EIPP) solutions' ability to reduce costs, improve cash management and customer service, complement e-commerce strategies, and deliver electronic invoicing without disturbing existing IT investments. Payers are drawn by the promise of lower costs, detailed invoice information, and tighter control over payments. In this paper, a combination of research, analysis, and survey data is used to provide an overview of the order-to-cash cycle and articulate the benefits that accrue to companies that adopt EIPP.
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