ELECTRONIC INVOICE PRESENTMENT AND PAYMENT BUSINESS TO BUSINESS - - PowerPoint PPT Presentation

▶

Feb 09, 2023 677 likes •735 views

ELECTRONIC INVOICE PRESENTMENT AND PAYMENT BUSINESS TO BUSINESS ELECTRONIC INVOICE PRESENTMENT AND PAYMENT (EIPP) Invoice Invoice Payers review, Payments are Invoices are Payers view adjust and debited from Payers rendered in an

SLIDE 1

ELECTRONIC INVOICE PRESENTMENT AND PAYMENT

SLIDE 2

BUSINESS TO BUSINESS ELECTRONIC INVOICE PRESENTMENT AND PAYMENT (EIPP)

Automate invoice process with on-line delivery and retrieval Facilitate the dispute resolution process through the early identification of invoice discrepancies Customers control payment dates and amounts Reduces Costs by enabling routing of invoices and electronic payment Robust Security of Site and Data Requires only an internet browser; no technology investment Pay multiple BillingZone suppliers on one site

BENEFITS WITH BILLINGZONE EIPP BENEFITS WITH BILLINGZONE EIPP

Payers review, adjust and schedule invoices for payment Invoices are rendered in an electronic form

n the web

Payments are debited from Payer’s bank account & settled to Biller’s account Payers view their invoices

n-line

Invoice Invoice

SLIDE 3

*IOMA’s annual AP survey placed the average

cost per vendor payment at $10.15 Fixed & Variable A/P Cost Reductions Cash Management

+ =

Matching and Decisioning Invoice Processing

Paper (check/envelope) Postage Payment preparation Per-item processing and Bank fees Eliminate Stop Payments AP Integration Invoice routing & approval Visibility to payment execution date

Payment Current Paper System Current Paper System

EIPP - PAYER VALUE PROPOSITION EIPP - PAYER VALUE PROPOSITION

COST SAVINGS COST SAVINGS

Reduced A/P costs in several

areas including:

– Check printing – Bank fees – Dispute resolution – Mailing & postage – Data entry

Better Utilization of Prompt

Pay Discounts

Reduced Vendor Inquiries i.e.

invoice reprints

Vendor Management

Vendor inquiry & dispute resolution Vendor research & analysis for historical payment details Manual handling of batching, sorting, & indexing Invoice keying Data archival

* Source: Institute of Management and Administration's Managing Accounts Payable 2000 benchmarking survey (900+ payables professionals participated)

SLIDE 4

THE ADVANTAGES OF EIPP

Benefit BASF Customer

More efficient and error proof invoice delivery mechanism Pre-Select when the payment will be withdrawn from the bank; results in better cash management Eliminate manual functions and mistakes; significantly reducing reconciliation time that detracts from productivity Reduce costs in the form of payment processing and associated bank fees Enhanced process for applying payments to customer accounts that will result in more accurate

pen balance information

Improve service level provided to customers in the dispute management process Strengthen customer relationships by providing a tool that makes it easier to do business with BASF There is no cost to use the base BillingZone service Eliminate dual entry through integration

ptions with BillingZone

SLIDE 5

HOW TO GET STARTED WITH EIPP

Self-Enrollment: Login to BillingZone.com and create your customer account Reference Self-Enrollment Instructions for more details Contact Customer Service with any questions at BASF Initiated Enrollment Contact Pam Aspen at 973.426.3969 Be prepared to provide your company information, email address, and the accounts you want to have on-line Require Additional Information Discuss Integration with BillingZone Schedule a product demo Go-to BillingZone.com site for more details and information on EIPP BillingZone.com is a complete EIPP service that provides unique, flexible invoice processing features while allowing for total control

ver payment execution.

Take advantage of EIPP benefits by trying it today!

BillingZone.com is a complete EIPP service that provides unique, flexible invoice processing features while allowing for total control

ver payment execution.