Billing electronically typically saves a company about 25 to 30 percent per statement, according to most players in this market. The Derivion system converts a company's invoicing and accounts-receivable data into data that can be shared with major bill presentment systems. This significantly expands the potential EBPP market but remains beyond the reach of many small businesses. Derivion is working with several small-business portals to provide a more automated, less expensive solution that should be available later this year. Some claim that estimates of EBPP cost savings may be exaggerated.
Customer data becomes more available and therefore more useful.
When a customer moves and notifies the billing department, the information is automatically shared throughout the company, establishing an important building block for a successful CRM strategy. Ultimately, EBPP gives you the opportunity to foster better communication with your customers. All Rights Reserved.