Electronic Bill Presentment & Payment (EBPP)
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 collect payments online. Customers can review their statement and payment history, receive E-statements and email notifications, make a payment, and access their account information online, anytime.
How EBPP Works:
Benefits:
- Keep payment doors open 24/7 by allowing customers to access their account and make a payment online
- Reduce costs associated with traditional print and mail statement production that 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