Enterprise Electronic Invoice Presentment & Payment (EIPP)

Going digital with your invoicing is not just about delivering existing invoices online — it’s about reducing the time and effort it takes your customers to pay. The solution must automate invoice creation and payment application while accommodating the complex payment workflows required by your customers’ AP departments. By quickly giving the payer the data and functions they need, we can lower Days Sales Outstanding (DSO) and the cost of billing while tracking activity in a single, easy-to-use system.

CEDAR’s Enterprise EIPP Servicing platform supports the complex data integrations and presentment options clients demand and the payment functions required to support the full range of AR use cases faced by a modern large enterprise. Our platform easily supports special functional extensions that provide our custom fit without sacrificing scalability or affordability.

PAYMENT CONVENIENCE: Mobile, stored wallet & multiple payment methods, scheduled & automatic payments increase your customers’ speed of payment.

REDUCED OPERATIONAL COSTS: 24/7 digital self-servicing tools for payments, documents & alerts reduce call center activity and decrease transaction costs as much as 97%.

SECURITY & COMPLIANCE: PCI, SSAE 16 SOC 2 & CFPB compliant payment, document archive, delivery tracking & content management ensure security.

IMPROVED DSO: Barriers to invoice reconciliation are removed, and your customers’ accounts payable processes are streamlined.

IMPROVED INVOICE STATUS VISIBILITY: Single source invoice status for all client sectors (account management, sales, marketing and accounts receivable) eliminates confusion, inquiries & manual processes.

Invoice Data Input
• Input Format Flexibility: XML, CSV, EDI
• Fixed or Variable Length Record
• Multiple System Aggregation
• Mapping to Single Standard XML
Invoice Presentment
• Invoice Design Optimization
• Web, Mobile, Print, Email, Fax
• Summary, Details, Credit/Debit Memos
• Rule-Driven Messaging and Inserts
Electronic Payment
• ACH
• Debit
• Credit (Including Level 3)
• Mobile Device Integration
Alerts & Notifications
• Email, SMS, Web Splash at Sign In
• Payment Due, Near Due, Past Due
• Payment Scheduled, Processed, Cancelled
• Profile, Preference, Status changes
Enterprise Data Structure
• Up to 7 Organizational Tiers
• Company, Account, Subaccount
• Bill To, Ship To, Location
• Review, Approved, Paid, Closed status
Dispute Management
• Web, Mobile Dispute Entry & Tracking
• Invoice or Line Item Dispute & Transfers
• Custom Reason Codes & Comments
• Remediation Workflow & Reporting
Agent Servicing Tools
• AR Services, Collections, Sales Reps
• Customer/Account Dashboard
• On Behalf of Payment, Redelivery
• Transaction, Activity & Delivery History
Self-Service Administration
• Add/Edit/Disable Users, Roles, Permissions
• Manage Convenience Fees, Short Pay On/Off
• Manage Preferences, Settings, Access
• Delegate Admin Rights to Customers
Invoice, Letter, Data Archive
• Single Source for All Invoices, Letters
• Data Extracts, Proof of Delivery, Quotes
• All Deliveries, Disputes, Payments
• Approvals, Downloads, Views
Proof of Delivery
• Smartphone Photo Upload
• GPS Coordinate Mark
• eSignature Capture
• Delivery Track Integration
Native Mobile App
• Mobile App Development
• Mobile App Integration
• Notification Services
• Order Integration
Extensible Services
• Custom Feature Extensions
• Custom Business Rule Workflows
• Custom Event Communications
• Custom Web/Mobile Functions

EIPP-Platform-Diagram-v3



Questions? Use the buttons below, call (770) 395-5060 or email us at sales@cedardoc.com.

EIPP is the bridge between your Accounts Receivable and your customer’s Accounts Payable. It offers organizations a simplified accounts payable process that can grow as needs change. It offers maximum flexibility and choice, allowing you to select the level of payment automation that is right for your organization from payment to processing to financing. CEDAR’s business-to-business (B2B) EIPP solution lets you present your customers with an easy-to-use invoicing portal site where they can receive, view and pay their invoices. With CEDAR’s EIPP, you will be able to:

  • Significantly reduce costs associated with traditional print and mail
  • Speed up payment processing which lowers DSO
  • Provide targeted messages and promotions to your customers
  • Rapidly deploy your EIPP delivery with CEDAR’s Agile Communications Platform

electronic invoice presentment and payment (eipp) on ipad, mobile device and laptop

SEE CEDAR’S EIPP SOLUTION IN ACTION

See how CEDAR implemented its electronic invoice presentment and payment (EIPP) solution for one of the largest credit agencies in the world, servicing 400 million credit holders worldwide. With their solution, our client needed:

  • A company-branded invoicing portal
  • Higher electronic adoption rates
  • A web archive for all paper invoices

FEATURES OF CEDAR’S EIPP SOLUTION:

CEDAR will set up and host your branded company invoice presentment portal where your customers can:

  • View an electronic copy of their paper invoice
  • Pay their invoices, greatly reducing manual processing time and DSO
  • Search for invoices by invoice or P.O. number
  • Dispute invoices at the line item level
  • Set up and enroll in Autopay
  • Manage payment accounts
  • Set up event-driven notifications through email or SMS
  • View past payments
  • Manage multiple levels of sub-accounts under one master account

electronic invoice presentment and payment (eipp)

5 BENEFITS OF EIPP

Take the first step and check out this infographic detailing the top 5 benefits of EIPP and then reach out to us and learn how CEDAR’s EIPP solution can benefit your business.