Invoicing & Payments
According to Gartner, the average biller can save at least $5.7 million annually by sending Web-based invoices to corporate customers. So why has there been not enough adoption of Electronic Invoice Presentment and Payment (EIPP) in the Business-to-Business segment of the industry? The crux of the issue is in the ability to sign up customers to the web platform in sufficient numbers to justify the investment.
Our Invoicing & Payments platform offers an easy to use and flexible Web-based environment for invoicing and payment. Use its rules-based services and notifications to ensure signup and continued use of Web-invoicing by customers.
- Customize the invoice format using an easy drag-and-drop interface
- Choose the form of delivery of Invoices: electronic push or pull
- View and download invoices over e-mail, the Web, or a file transfer
- View or download invoices using a variety of formats such as PDF, HTML, or Text
- Integrate with third-party ERP applications
- Reduce costs
- Reduce disputes, error handling, and bad debts
- Improve customer relationships
- No software to install or maintain
A software or web based solution is not enough, what is needed is an active services arm, which will initiate and maintain the web process. An easy to use and simplified process, which the customer can use and integrate with his needs. Capgent platform offers an easy to use and flexible web based environment for web invoicing and payment.
coAction.com supplements its leading software platform with services to ensure the signup and continued use of the web platform by customers across disparate size and needs. coAction.com's unique EIPP process ensure rapid adoption and high usage of the EIPP platform.
Customized Design, Flexible DeliveryUsers can customize the invoice format using an easy to use wizard driven drag and drop interface using only a web browser. Platform users can choose the form of delivery of Invoices. The delivery can be an electronic push or pull. Subscribers can choose to view and download invoices over e-mail, the web or a file transfer. Customers can view or download invoices using a variety of formats such as PDF, HTML, Text. Custom adapters for ERP applications such as SAP, PeopleSoft, Oracle, Great Plains and others are available.
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Current cost of Invoice Management |
Impact on cash due to coAction Invoice Management |
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Average reduction in DSO days |
Current Average Receivables |
Current DSO |
Reduce DSO by |
Future Average Receivables |
Addition to cash for Investment / Lower Borrowing |
. |
$167,000,000 |
60 |
15 |
$125,250,000 |
$41,750,000 |
Average reduction in Bad Debts |
Current Average Bad Debts |
. |
Reduction in Bad Debts by |
Future Average Bad Debts |
Bad Debts Saving |
. |
$20,000,000 |
. |
$5,000,000 |
$15,000,000 |
$5,000,000 |
Average reduction in Exceptions management
costs |
Current value of Exception Invoices |
. |
Savings Rate |
. |
Amount added to Working Capital |
. |
$75,000,000 |
. |
50% |
. |
$37,500,000 |
IMPACT ON CASH : |
$84,250,000 |
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Assumption : Company with small, medium, and large corporate customers with a revenue of $1 billion |
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