EIP for Banks - E Invoicing for Financial Institutions From Fundtech
EIP for Banks
E-invoicing is the perfect extension to your payment services. Maintain competative edge by using our trading network to offer flexible e invoice services to your customers.
- Greater visibility of customer finances
- Reduce customer churn by deepening relationships
- Increased revenue from cross-selling
Combine e invoicing with your existing payment services to unlock a new revenue stream and gain end-to-end transaction visibility.
At Fundtech we have a proven track record in delivering white labelled, bespoke EIP services to banks and financial institutions. Accountis EIP is an industry leading, flexible and innovative service that facilitates the expedient adoption of e-invoicing for banks, their customers and supply chain networks worldwide. We offer a complete EIP package:
- Full Enterprise AP Automation and AR Solutions
- Inbound paper invoice scanning (Paper to Data/Invoice Imaging)
- Integrated payments
- Mobile solutions
- Simple technology for straightforward enrolment
- Large existing e invoicing network of corporate users
Banks who incorporate Accountis EIP will gain greater visibility of customer finances, deepen business relationships and find it easier to sell additional, high-value payment related services.
Opportunities for banks
Combining EIP with existing transaction services extends visibility beyond payments to the complete invoicing cycle. This gives banks an invaluable insight into a customer’s business and makes it easier to calculate risk. Greater visibility also leads to:
- Increased revenue through cross-selling
A better understanding of a customer’s business makes it easier to sell high-end services such as invoice factoring, supplier finance provision, enhanced treasury lending and foreign exchange services.
- Better, more profitable customer relationships
Becoming more integrated with a customer’s finance process will help encourage loyalty and increase retention. This presents an opportunity to develop deeper more profitable business relationships.
Benefit from our existing global e invoicing network
By choosing Accountis EIP you overcome many potential barriers to e invoicing such as trading network adoption and technology integration. Users of the Accountis EIP system can immediately access our global e invoicing directory of over 50,000 end users. This facilitates faster roll-out across the supply chain. Accountis EIP is simple to implement, easy to use and groundbreaking technology such as the ebPrinter enables all businesses to make the straightforward switch to e invoicing.
Accountis EIP Mobile extends all the functionality of our bank EIP solution using Fundtech’s Mobile ACCESSplus platform. It enables the modern-day executive to carry on with business anytime, anywhere. Whether it’s simply creating an invoice when with a customer, or approving an important invoice payment whilst travelling, Accountis EIP Mobile gives businesses the ability to stay in control of their invoicing process to save time and increase efficiency.Accountis EIP Mobile can be deployed quickly, securely and according to your strategic business and technology plan. Banks that incorporate Accountis EIP Mobile into their existing services will benefit from increased visibility of customer finances and additional transaction revenue. They will also be able to deepen customer relationships and find it easier to sell additional high-value payment related services.
Fundtech offers end-to-end EIP services backed up with expert professional services and customer support. Contact us to discuss your EIP and e invoicing requirements.
Example User Profile
You are a large bank or financial instituion who wants to offer EIPP services to your corporate customers. You need a flexible, end-to-end service that will seamlessly ‘plugin’ to your existing systems and can be company branded.
Benefits for Corporates
EIPP is a simple way for corporates to replace costly paper-based processes with a faster, more efficient and greener technology. The benefits include;
- Improved efficiencies
- Lower operating costs
- Quicker settlement
- Reduced days sales outstanding (DSO)
- Increased cash-flow visibility
- Working capital optimisation
Please see the following pages for more corporate benefits:
Case: RBS E-Invoicing
“At RBS, we see e-invoicing as a strategic addition to our existing product portfolio. By offering additional transaction services such as e-invoicing delivery, we will gain greater visibility of our customer’s end-to-end, financial supply chain transactions. This will help us improve our understanding of their business and strengthen our long-term relationship.”
The RBS Group