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Biller Direct –
Business Benefits
Advantages for the
Biller
Þ Billing
· Lower cost of billing with no printing
and postal charges
· Use of open communication and data
standards (HTTPS, XML)
· Customer participation in electronic business
without EDI
Þ Payment Processing
· Efficient processing of payments and
exceptions
· More precise cash management and
improved liquidity planning
· Faster invoice approval and payments by
customers
· Better explanation of payment deductions
Þ Integration
· Data integration with accounts
receivable and cash management
· Integration with other business
processes, e.g. dispute and collections management
Þ Marketing
· Better customer retention (retaining a customer
is five times cheaper than acquiring a new one)
· Competitive advantages through
attractive service offerings
· Opportunities for one-to-one marketing
Advantages for the Bill
Recipient
Þ Payments
· Simplified and secure processing of
electronic payments using 365/24 access to the Internet
· Control over the time of payment and
management of the outgoing cash flow
· Favorable payment conditions can be
better exploited
· Payment details can be easily analyzed
Þ Invoices
· Fewer accounting and settlement errors
· Comprehensive data analysis is possible
· Immediate access to invoice copies (no
archiving necessary)
Þ Integration
· Upload of invoices into accounts payable
(no reformatting of data necessary)
· No changes of existing business
processes
· Easy change of master data
· Only Web Browser needed
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