Electronic Invoice Presentment and Payment
Citi’s Electronic Invoice Presentment and Payment (EIPP) solution allows billers and payers to manage the entire invoice and payment cycle online, shortening days sales outstanding and eliminating costs traditionally associated with paper-based systems.
With Citi’s EIPP solution, invoices are available for review on the same day they are issued. All steps and procedures typically associated with a paper-based system are eliminated. From a single invoice menu, your customers can view unpaid invoices, perform invoice inquiries, authorize invoices for payment and view payment history.
With EIPP, clients can enjoy:
- Improved cash-flow visibility as the status of each invoice can be viewed online
- Accelerated payment settlement due to the elimination of mail time and float typically associated with paper-based processes
- Reduced costs from substituting a people and time-intensive process with an electronic process
- Easy integration with existing systems (e.g. Oracle, SAP, etc.)
And, EIPP is user-friendly and easy to use. Clients only need a Web browser. Training is simple and customer service is available 24/7.