Electronic Bill Presentment and Payment
Cash is a vital component in running a business, so naturally it is in a company's best interest to collect Outstanding Receivables as quickly as possible. By quickly turning sales into cash, a company can use the cash to reinvest and do more business.
BestBill’s Electronic Bill Presentment and Payment (EBPP) service is an all-in-one solution that allows companies to present their billing documents electronically to their customers, and to collect payments online. Customers can receive E-statements and email notifications, make a payment online or by phone, and access their account information.
How EBPP Works:
Benefits:
- Reduce costs associated with Print & Mail statement production, which can range from $.30 to &.50 per statement.
- Eliminate manual payment processing related to a bank’s cost for processing and posting payments
- Decrease Float Time from 55 days to less than 30 days
- Minimize Customer Service Costs
- Enhance Customer Communications
- Provide customers with greater convenience, flexibility, and cost savings
- Strengthen “Go Green” efforts