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Article 1 – What is e-invoicing or EIPP?

It is worth understanding what EIPP (or e-invoicing) means if you are thinking of stream-lining your Accounts Payable (A/P) and/or Accounts Receivable (A/R)function(s). Unfortunately, Wikipedia does not have a definition or information on EIPP or e-invoicing yet. Google search defines EIPP as follows:

Electronic Invoice Presentment and Payment (EIPP). EIPP refers to the invoicing and payment process between businesses, or B2B applications, over the Internet and typically via a third-party EIPP vendor. See EIPP under Technology in the Main Topics section.

EIPPis an American term now used in UK and stands for Electronic Invoice Presentment and Payment. Its definition includes three functions; an electronic invoice (sending an invoice electronically from A/R system), presentment of the sent invoice (on line and/or on the recipient’s A/P system) and a facility for handling payment for the approved invoice. Modern EIPP solutions use internet technologies to achieve these three functions cost effectively.

On the other hand e-invoicing means sending an invoice electronically. This could be through a number of mediums (e.g. via e-mail). Most accounts and ERP systems can easily achieve this functionality without using a third party provider, e.g. Sage’s Transaction E-mail.

ebdex Document Exchange or more accurately, ebdex EIPP, is such an EIPP solution. There are only a handful of players in the UK market offering innovative EIPP solutions.

Update 1:

Wikipedia now has a definition for EIPP.

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  • Dhananjay Sathe

    Dear Manoj,
    I have gone through the piece of information you have presented here. I found it very informative. I am a Lawyer and interested in tech-laws and would like to be in contact with people like you.

    Bye for now

    Keep on doing good work
    With regards
    Dhananjay Sathe

  • Dhananjay Sathe

    Dear Manoj,
    I have gone through the piece of information you have presented here. I found it very informative. I am a Lawyer and interested in tech-laws and would like to be in contact with people like you.

    Bye for now

    Keep on doing good work
    With regards
    Dhananjay Sathe

  • Dhananjay Sathe

    Dear Manoj,
    I have gone through the piece of information you have presented here. I found it very informative. I am a Lawyer and interested in tech-laws and would like to be in contact with people like you.

    Bye for now

    Keep on doing good work
    With regards
    Dhananjay Sathe

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