These key features will help billers and payers reduce costs and improve cash flow, and help service bureaus create viable solutions for their customers. For example, when an invoice is ready for review, the payer must be sent an e-mail notifying them that it is time to login to the system and review. This capability prevents the user from having to inefficiently look for things to do. Heavy system users should be able to turn notification on and off, preventing cases where too many e-mails could become a problem for a user. Another key to a successful B2B EBPP solution is its ability to enable both payers and billers to effectively view information and invoice status online.
Online presentment removes the barrier to fast and easy invoice management.
Users should have access to information across several vendor accounts, many invoices within one account, individual invoices and line items. Users should also have the ability to sort and categorize individual line items. In the paper world, business customer invoices are huge often tens of thousands of line items long. With such a massive amount of information involved in each invoice, the ability to separate it into sub-invoices, otherwise known as bursting, is essential for a successful EBPP solution. Bursting enables a company to break down an invoice automatically by division, department or individual.