2012-08-31 06:59:03 - Analyzing the Market for Electronic Invoice Presentment & Payment - Market Research Report - a new market research report on companiesandmarkets.com
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´s R´search 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 â 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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