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Electronic Invoice Presentment and Payment
(EIPP)
allows your company to present billing
information online, without the hassle of
preparing, printing, sorting, mailing and
following status of paper invoices. All your
customers can review and process their bills
online.
Using the Inovium Electronic Funds you can
streamline your invoicing and cash
collection processes with electronic
delivery and settlement.
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With Inovium Electronic Funds, online
payment becomes quick and easy for both
you and your customer. We offer online
payment initiation, including partial
payments. The EIPP process is very
cost-effective:
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Savings -$9.85 or 68.5% potential savings
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Import flat files containing your customers
and invoices from your accounting system.
You can put your logo on the electronic
invoice and also include descriptive files.
The invoices are automatically delivered to
your customers via email. This step replaces
the time-consuming process of printing paper
invoices, stuffing them into envelopes,
addressing the envelopes, adding stamps and
taking them to the post office. |
Your customers view the electronic invoice
and have the option of making online payment
by check or credit card or printing the
invoice and mailing a check. They can call
the invoice up as many times as they like,
which saves you the time of sending them a
replacement if they lose it. Besides saving
you time and money, offering your customers
online payment by check or credit card gives
them the ability to save money by
eliminating the processing of paper invoices
with paper check and bookkeeping. They can
also choose to have payments made on a
regular basis by through online checks that
eliminate the need for merchant fees via
credit card payment.
Contact us for further
information
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