ELECTRONIC INVOICE PRESENTMENT AND PAYMENT BUSINESS TO BUSINESS - PowerPoint PPT Presentation

ELECTRONIC INVOICE PRESENTMENT AND PAYMENT

BUSINESS TO BUSINESS ELECTRONIC INVOICE PRESENTMENT AND PAYMENT (EIPP) Invoice Invoice Payers review, Payments are Invoices are Payers view adjust and debited from Payer’s rendered in an their invoices schedule bank account & electronic form on-line invoices for settled to Biller’s on the web payment account BENEFITS WITH BILLINGZONE EIPP BENEFITS WITH BILLINGZONE EIPP � Automate invoice process with on-line delivery and retrieval � Facilitate the dispute resolution process through the early identification of invoice discrepancies � Customers control payment dates and amounts � Reduces Costs by enabling routing of invoices and electronic payment � Robust Security of Site and Data � Requires only an internet browser; no technology investment � Pay multiple BillingZone suppliers on one site

EIPP - PAYER VALUE PROPOSITION EIPP - PAYER VALUE PROPOSITION COST SAVINGS COST SAVINGS Current Paper System Current Paper System • Reduced A/P costs in several *IOMA’s annual AP survey placed the average � areas including: cost per vendor payment at $10.15 – Check printing – Bank fees – Dispute resolution – Mailing & postage Fixed & Variable A/P Cash Management – Data entry + = Cost Reductions • Better Utilization of Prompt Pay Discounts � Visibility to payment execution date • Reduced Vendor Inquiries i.e. invoice reprints Invoice Matching and Vendor Payment Processing Decisioning Management � Manual handling of � AP Integration � Paper (check/envelope) � Vendor inquiry & batching, sorting, & � Invoice routing & � Postage dispute resolution indexing approval � Payment preparation � Vendor research & � Invoice keying � Per-item processing and analysis for historical � Data archival Bank fees payment details � Eliminate Stop Payments * Source: Institute of Management and Administration's Managing Accounts Payable 2000 benchmarking survey (900+ payables professionals participated)

THE ADVANTAGES OF EIPP Benefit BASF Customer More efficient and error proof invoice delivery mechanism Pre-Select when the payment will be withdrawn from the bank; results in better cash management Eliminate manual functions and mistakes; significantly reducing reconciliation time that detracts from productivity Reduce costs in the form of payment processing and associated bank fees Enhanced process for applying payments to customer accounts that will result in more accurate open balance information Improve service level provided to customers in the dispute management process Strengthen customer relationships by providing a tool that makes it easier to do business with BASF There is no cost to use the base BillingZone service Eliminate dual entry through integration options with BillingZone

HOW TO GET STARTED WITH EIPP Self-Enrollment: � Login to BillingZone.com and create your customer account � Reference Self-Enrollment Instructions for more details � Contact Customer Service with any questions at BASF Initiated Enrollment � Contact Pam Aspen at 973.426.3969 � Be prepared to provide your company information, email address, and the accounts you want to have on-line Require Additional Information � Discuss Integration with BillingZone � Schedule a product demo � Go-to BillingZone.com site for more details and information on EIPP BillingZone.com is a complete EIPP service that provides unique, BillingZone.com is a complete EIPP service that provides unique, flexible invoice processing features while allowing for total control flexible invoice processing features while allowing for total control over payment execution. over payment execution. Take advantage of EIPP benefits by trying it today! Take advantage of EIPP benefits by trying it today!