Several large themes thread their way through the EIPP
story and help give it some shape.
The survey reveals that of the 267 respondents, 28% are presently using EIPP
allows companies to process invoices from suppliers electronically and handle electronic payments on the back end, they no longer have to struggle with manual, paper-based payment processing.
originally was built to automate offline commerce from the invoice presentment stage onward, but when e-commerce took off with settlement conspicuously missing, EIPP
providers rushed to fill the void since their solution generally would work with either an online or offline front end.
The best way to understand how EIPP
can impact an organization is to go through a simple example.
guidelines were developed and finalized at the most recent meeting of the SAB, a bi-annual gathering comprised of executives from many of the leading ocean carriers and freight forwarders, which meet to discuss and tackle the top standards issues facing EIPP
, and decide on next strategic steps.
the national fondness for paying by check--in order to take advantage of mail float--may have contributed to low EIPP
The buyer-focused EIPP
solution complements existing electronic data interchange (EDI) or enterprise resource planning (ERP) investments, offering companies a means to not only receive invoices electronically, but also to facilitate dispute resolution and provide suppliers with a self-service view into the status of their invoices and payments.