Abstract
Email is becoming the essential tool for receiving decision-making information
and distributing it throughout organizations. But ironically, the most
business-critical communication of all - the invoice that ensures businesses
receive payment for the goods and services delivered - is generally still
printed, put into an envelope and mailed.
In today' s economic climate, organizations' seeking to improve their financial
well being envision implementing electronic invoice presentment and payment
systems (EIPP) that automate processing from invoice to payment to general
ledger. EIPP is the process by which bills are presented and paid via the
Internet.
In its simplest form, Invoices are posted to a website branded for the selling
organization and an email alert is sent to a pre-designated mailbox. The
company' s client visits the site (from any location) and enters his or her
password to view the latest invoices.
Electronic Invoice Presentment and Payment is coming to the market from a
number of directions. EIPP first gained acceptance from the seller side.
Increasingly, buyers wish to take advantage of the process efficiencies of
electronic transactions, and service providers are emerging to serve buyers.
Aruvian Research presents an analysis of the Electronic Invoice Presentment &
Payment technologies. The research report Analyzing the Market for Electronic
Invoice Presentment & Payment looks at the basics of EIPP, the three models
involved in the process - Buyer Model, Seller Model, and the Consolidator
Model, the issues and challenges to the development of EIPP, benefits, market
forecast, and much more.
Emerging market patterns are also analyzed in-depth in this research report.
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