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Streamline Your Invoicing With Electronic Billing You can make real-time, Internet-based bill consolidation, presentment and payment a reality by adding SpaceWorks BillingManager to your B2B e-Commerce site.
With
BillingManager, you can offer your business customers the convenience
of electronic invoicing over the Internet while realizing valuable
benefits for your company, including:
A Self-Service, Order-to-Payment Solution BillingManager provides your trading partners with 24x7 access to detailed invoice and payment information. They also can pay bills over the Internet in real-time. Invoices can be sent electronically via a browser, e-mail or fax. BillingManager also expedites payment transactions, reducing customer oversights and float penalties. Billing data is consolidated into a single invoice, and updated as new products and services are added. Whenever invoices are overdue, BillingManager even follows-up with e-mail reminders "All-In-One" Bill Consolidation Providing a single bill or statement for multiple purchases made at different times is an enormous strategic and operational problem faced by many large-scale enterprises. By consolidating billing data from any source within your company onto a single invoice for paper or electronic delivery, BillingManager simplifies the most complex billing operations. Data can be integrated from standard relational and object databases, flat files, CD-ROM and tape. Billing data not the platform is consolidated, allowing you to more fully leverage the investment in your existing back-end systems. All bill distribution and presentment needs are processed through a single consistent platform operating in front of all your company's billing engines. Next-Generation Billing & Payment BillingManager helps you meet the demands of B2B marketplaces for billing applications that support complex, multi-tiered account structures and deliver updates on the fly. From their desktops, your customers can consolidate multiple bill streams and view account data as it changes, in real-time. In addition, BillingManager provides electronic access to purchase history, invoice-to-order reconciliation, and online payment. Your customers can access, analyze and pay their invoices over the Internet at a fraction of what traditional hard copy invoicing costs. They can also authorize others within their organization to view and pay invoices online.
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The Gartner Group estimates that the number of companies distributing invoices via the Web will nearly triple by the end of 2002. "Electronic invoicing and
payments are expected to reduce the current 41-day average time
to collect payments, allowing companies to reduce debt and invest
cash more quickly ... Companies expect to lower the typical cost
of producing a paper invoice from $5 to $1.65 for an electronic
invoice, by reducing labor, postage, paper and equipment costs." "By consolidating and presenting
billing data over the Web, both sellers and buyers can experience
increased efficiency and ease of doing business." Killen & Associates, a technology-research
firm, forecasts that businesses will have spent approximately $13
billion on EBPP (electronic bill presentment and payment) by the
end of 2003. "E-billing is a great way
to automate the traditionally cumbersome process of billing or invoicing
customers and getting those invoices into the complex approval processes
within most accounts-payable departments. E-billing can optimize
the settlement of the transaction, facilitate better cash management
for the biller and payer, and reduce the average number of days
outstanding for receivables and payables data." "EBPP (electronic bill presentment
and payment) stands as a model of efficiency and modernity. The
technology offers numerous benefits for parties on both ends of
the transaction, including the rapid transfer of funds, lower processing
costs, the reduced likelihood of accounting errors, and the elimination
of lost and damaged checks."
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