Enterprise set to Increase Productivity with Paperless Payment

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In recent years, organisations of all shapes and sizes have focused significant towards improving the efficiency and effectiveness of their accounts payable (A/P) enterprise.

Even then most finance executives remain unsatisfied with the current levels of correction work, manual processing, filing and matching activities still required within their organizations. And as a result, A/P is poised for a significant transformation today, a transformation that is set to increase the productivity and efficiency with the help of paperless payment.

At a time when ERP systems and EDI have made A/P more efficient over the years, they have not done enough to help enterprise customers improve performance by reducing paper handling, eliminating errors at the source and enabling low-cost, external connectivity with all of their suppliers in different geographies.

In this kind of pressing scenario, a breakthrough applications based solution has emerged to address this issue: Electronic Invoice, Payment and Presentment (EIPP). And many top performing enterprises are embracing it to reach new levels of A/P efficiencies and savings on the long run.


Delivering the much needed productivity and efficiency for an enterprise, EIPP application enables A/P organizations to capture big savings by leveraging and improving processes, systems, initiatives, investments and capabilities that are already in place.

Moving forward, EIPP would be a powerful approach to A/P designed to create a paperless, fully automated process. With EIPP, suppliers can interact with buyers more quickly and cost effectively than ever before. With the help of a set of integrated capabilities, suppliers can connect with buyers and receive timely, hassle-free payments as source documents are electronically matched and sent with proper authorization at various levels. EIPP also can significantly reduce the cost of compliance-related efforts.