Electronic Invoice Presentment and Payment (EIPP)
An online facility for seamless transactions between the merchant and buyer that processes invoices for immediate order processing.
Features:
- Electronic Purchase Order and Invoice creation - purchase orders are created and sent to sellers online
- Varied disbursement options - eSettle and Cheque Prepare facilities are readily accessible as settlement options
- Efficient dispute management - transaction disputes can be negotiated and managed online
Benefits:
- Improve inventory management - stay posted on inventory status to manage product records
- Manage payables effectively - automate monitoring of invoices due
- On-time payment - receive collections via real time fund transfer or check payment
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