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Content tagged 'eSettlements'

August 23, 2013
By Frederic Portal, Ataway Director of Strategy and Alliance

This is the Third in our Series on Electronic Invoicing.

Last week we talked about Big Savings with EIPP. This week, we’ll focus on the Accelerated Returns on Investment (ROI) of Implementing an Electronic Invoicing Presentment and Payment (EIPP) Solution using two models proposed by Ataway.

The flexible nature of Electronic Invoicing allows for a phased approach to move from paper to electronic invoicing, as we noted in the previous post. EIPP provides a way to centralize invoices and increase visibility for buyers and suppliers. Electronic Invoicing also improves cash flow information, allowing it to be retrieved immediately. This will ease business decisions and allow for a more agile trading model. If your organization has PeopleSoft Financials, we encourage you to look at the eSettlements and Financial Gateway parts of Cash Management to leverage the full EIPP Solution. However, some obstacles may still get in the way, such as time, supplier participation and security. Of course, this raises an obvious question: How can Organizations successfully achieve a fast ROI when implementing an EIPP solution?

August 16, 2013
By Frederic Portal, Ataway Director of Strategy and Alliance

This is the Second in our Series on Electronic Invoicing.

Last week we talked about how to decide if EIPP was right for your business. This week, we’ll focus on Measuring the Savings and Return on Investment (ROI) of Implementing an EIPP Solution

To calculate ROI, you’ll need to find the cost of implementation and quantify the benefits in term of cash and when they occur. It is critical for your organization that you properly quantify the benefits. “Fewer errors”, “less disputes on the phone”, “less match errors” -- these are benefits that are not quantifiable or useful for ROI calculations. So what are some appropriate elements needed to calculate ROI?

August 9, 2013
By Frederic Portal, Ataway Director of Strategy and Alliance

This is the First in our Series on Electronic Invoicing.

Many Accounts Payables departments still struggle with costly invoices and manual data entry processes. Electronic Invoices have been shown for decades to streamline and reduce cost in the invoicing process business, but what is the right for your organization? Each company is different, so we’ll provide the most basic approach to adopting an Electronic Invoice Presentment and Payment (EIPP) system.

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