EIPP Overview
What is EIPP?
EIPP stands for Electronic Invoice Presentment and Payment and is a process where suppliers and buyers exchange and manage invoices using the Internet. EIPP solutions replace paper processes and work alongside existing systems (e.g. Sage, Oracle, SAP etc) to improve automation and lower costs, whilst maintaining high quality customer service.
EIPP solutions allow suppliers and buyers to exchange financial documents electronically (not only invoices, but purchase orders, credit notes, statements etc.) and manage the processing of these documents quickly and securely online. The benefits of using an EIPP system for suppliers and buyers include improved cash-flow visibility, real-time document management and faster settlement.
How does EIPP work?
The following flash movie illustrates how electronic invoicing compares to traditional paper invoicing. It illustrates the main benefits for senders/recipients and highlights some of the potential cost savings. For further details on cost savings, please refer to the supplier and buyer benefits pages.
