They can also capture better payment terms, reduce late charges, improve payment accuracy and provide better invoice analysis. Companies that are anxious to add billing and presentment to their B2B arsenal should be sure to find a scalable, secure EBPP solution. For example, when an invoice is ready for review, the payer must be sent an e-mail notifying them that it is time to log in to the system and review the bill. 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. Bursting enables a company to break down an invoice automatically by division, department or individual. For EBPP to be effective, it must also take into account the invoice payer's workflow. This is the ability to route phone bills from one person or group to the next for review and approval.