Tag: EIPP

Do you use an e-invoicing solution? Is your solution simply based on sending an invoice via e-mail? Have you thought of what happens when this e-mail or e-mail attachment is received by the recipient? Unless the same system format is used by both the sending party and the receiving party, the invoice information cannot be easily interpreted by the receiving party’s accounting/ERP system. This results in recieving party having to re-key invoice data manually into the A/P system, duplication of effort leads to potential re-keying errors and delays. This method whilst may include buzz words like “e-invoicing” has no clear…

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…