Electronic Invoice Presentment and Payment
EIPP is a business-to-business (B2B) solution where a Seller sends a digital invoice to its Buyers to expedite payment process.
How It Works
- Seller sends invoices to Buyers via EIPP in PNB C@shNet Plus. Buyers can pay the same invoices via EIPP. Transactions can be in single or in bulk.
- Seller can categorize Buyers, provide discounts and penalties, add products and credit memos, and establish collection account.
- Seller and Buyer can raise issues concerning e-invoices to each other with EIPP as the messaging platform.
Benefits
Seller
- Reduce manpower time and costs associated to printing and sending paper-based invoices
- Faster turnaround time in collecting accounts receivables
- Efficient monitoring of paid and outstanding invoices
- Efficient dispute management
Buyer
- Efficient tracking of account payables
- Efficient way of escalating and monitoring resolution of disputes
- Efficient payment process