Electronic Invoice Presentment and Payment or EIPP refers to the fully automated business-to-business customer billing and payment process. With the DGVault EIPP Invoice Gateway solution, customers can receive their invoices electronically and sign on to a website with a customized look and feel to do everything they need to with regard to their invoices - they can: view the invoice; view any supporting documents like shipping lists or proof of delivery, sort invoices by key criteria such as date, amount, location, PO#, etc.; search for invoices based on invoice or PO#; download the invoice data into their accounting package; print the invoices; and of course, pay them.
The benefits of EIPP can substantial across many areas. There are hard benefits associated with cost reduction in headcount, application development and maintenance, equipment, postage, etc. Reduced days sales outstanding (DSO) resulting from decreased time to generate bills and elicit customer payment is also a very real hard benefit of optimizing billing. And there are soft benefits associated with improved customer service and convenience, etc. Other benefits associated with improved marketing effectiveness through innovative use of bill marketing approaches should also be considered.
Even if you are already sending bills electronically to your customers, using a company like DGVault that is a specialist in this area has substantial benefits as we have the capability to provide best practice features and functions in the hosted EIPP system itself so that the process for managing invoice inquiries and related communications is vastly improved. We are continually innovating in this area, as opposed to any individual IT department that must dedicate scarce resources to this area to keep up with the competition.
Now DGVault also offers statement to invoice links and AP workflow solution.
All of these solutions ultimately mean increased productivity, lower costs and improved client satisfaction. DGVault is the difference in these stringent economic times. Contact DGVault to become another satisfied business partner.
