Why is the use of EBPP an attractive commitment for small and medium size companies?
According to a Gartner group study, a respected industry consulting firm, by using EBPP, companies can expect to lower the cost of producing and collecting a paper invoice that typically runs from $4.50 to $7.50 each. By using the program provided by EBPS for electronic invoicing and electronic payments, the cost to process those invoices may be reduced to as low as $1.00 per invoice. Savings are derived by reducing labor, postage, paper, equipment costs and a variety of other overhead expenses. What benefits can a client expect from an EBPP program? Most small and medium size companies can expect to achieve a reduction in the cost to distribute their invoices, the cost to collect payments, an increase in cash flow and a reduction in customer service expenses, while at the same time improving quality of service. Does a prospective client have to qualify to sign up with EBPS? In order for a prospective client to qualify, they must be issuing a minimum of 500 invoices per month. There is
