Electronic Invoice Presentment and Payment-EIPP

Electronic Invoice Presentment and Payment (EIPP) – the method by those firms electronically present invoices and create payments to at least one another through the net. This sometimes requires commerce Partners to “Join a Network” of consumers and Sellers.

Features:

·         Straight through payment process

·         Smooth interface to A/R systems and population of A/P systems

·         Payers don't disclose their money data to vendors

·         Enable commerce and shopping for organizations become a lot of connected, informed, and attentive to the dynamical desires of their commercialism partners

·         On-line and interactive Dispute Management answer

·         Network Transactions

·         Initiation of ACH method on approval

The EIPP (Electronic Invoice Presentment and Payment) a sequence of code driven by FPA RTP Team and BPO RTP Team together with Ariba wherever the most objective is to modify the process of manual invoices via electronic invoicing through the Ariba provider Network.

Many Accounts liabilities departments still forced with expensive invoices and manual info entry processes. Electronic Invoices are shown for many years to contour and cut back value within the invoicing method business; however what's the proper for your organization? Every company is totally different; therefore we’ll offer the most basic approach to adopting an Electronic Invoice Presentment and Payment (EIPP) system.