Parsippany, NJ – The GETPAID® Corporation, the leading supplier of receivables management software and related services, today announced the availability of GETPAID Courier Services, a B2B Electronic Invoice Presentment and Payment (EIPP) solution.
Courier Services offers tools for presentation of billing information, dispute information, payment remittance and internal A/P invoice routing, and approval. This is a collaborative tool designed to link suppliers and customers via an online, permission based system. Suppliers can present invoices to their customers for internal routing, review, dispute, approval, and payment, eliminating the need for valuable resources to spend time on manual, non-value tasks.
“This is a powerful collaborative tool,” explains CJ Wimley, senior vice president of Product Planning & Development at The GETPAID Corporation. “By integrating Courier Services and its customer self-service functionality with your existing GETPAID Software system, you will establish a link to your customers, allowing you to provide a value-added service to your customers, while dramatically decreasing the amount of time your staff spends on clerical tasks. The introduction of an EIPP solution to the core GETPAID collections and dispute system allows you to leverage your data and resources to improve productivity and lower operating costs.”
Courier Services Value Proposition
EIPP solutions decrease the billing cycle and expedite payment by offering a more cost effective means of delivery. Further, paper billing systems do not inherently manage partial payments or disputes. Customers disputing one or more charges typically hold their entire payment until any disputes are resolved. However, with GETPAID Courier Services, your customers can make partial payments and generate disputes online, thus improving cash flow and the cost of working capital.
Further, the use of the A/P Routing and Tracking tools will allow GETPAID customers to see where their invoices are in the approval process. “The core GETPAID system offers the ability to improve your cash forecasting capabilities,” explains Wimley. “Working from a single centralized repository of data, GETPAID uses payment history, promises to pay, and reliability ratings to project cash receipts. Now, with Courier Services, our customers can incorporate the A/P routing process into that equation. They literally have a window into their customers’ accounts payable process that provides them the ability to see where a particular invoice is in the payment process at their customer site, and the system will use this information to assist in cash forecasting analysis.”
About The GETPAID Corporation
The GETPAID Corporation offers leadership, experience and results in cash flow management. GETPAID is the leading provider of software and services to support best practices across the finance and credit operation. Offering workflow automation and policy compliance tools for risk management, collections, dispute resolution, electronic invoice presentment, online account inquiry, payment remittance, detailed reporting and cash flow analysis.
The GETPAID Professional Services team is comprised of credit and collections experts who bring with them the experience and best-practices of over 600 implementations in more than 35 countries. Delivering implementation, training and on-going support services to a wide array of companies, industries and environments. GETPAID is based in New Jersey, USA, with offices worldwide.
For more information, contact GETPAID at 1-973-463-1500 or visit www.getpaid.com.
