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Overview The purpose of this paper is to introduce the current Electronic Invoicing Presentment and Payment (EIPP) marketplace, and discuss many of the challenges that face companies who wish to make the switch to a fully automated invoicing process. Topics discussed include trading network adoption, security and compliancy issues and integration. The paper also describes the Accountis EIPP model in detail and explains how it enables companies to overcome these challenges. Topics discussed include:
Extracts "Significant advancements in Internet technology have allowed EIPP service providers to address these issues and break down the barriers to entry by providing cost-effective, flexible web-based solutions. The following section discusses some of the main challenges facing companies who wish to adopt EIPP..." "Critical to the success of any EIPP system is mass adoption by all members of the trading network ... customers and suppliers will use a mixture of e-invoicing standards including EDI, CSV and XML formats, highlighting the need for a system that can map different formats and re-use as many common components as possible." "With its state of the art, web-based solution, the Accountis system .... has presented the industry with a flexible, easy to use system that has the versatility to be applied by any organisation. The system is a realistic solution for today's fast-moving business environment, where companies need to trade electronically with each other, regardless of what systems are used, how many transactions are made or their geographical location or language...."
