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largest U.S. firms with annual revenues of
more than $500 million now start using electronic
invoicing and payment systems.
Due to the recent research, 66 per cent
of respondents use EIPP, its EDI or non-EDI
form, 62 per cent used EIPP systems to pay
suppliers, 35 per cent used EIPP technology
to receive payments from customers. In spite
of the fact that paper checks still hold
80 per cent of B2B transactions, analysts
predict 50 per cent of all B2B payments
to be electronic by 2010.
Research disclosed main benefits of using
EIPP, which include reduced processing time
and lower costs.
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