This is the Third in our Series on Electronic Invoicing.
Last week we talked about Big Savings with EIPP. This week, we’ll focus on the Accelerated Returns on Investment (ROI) of Implementing an Electronic Invoicing Presentment and Payment (EIPP) Solution using two models proposed by Ataway.
The flexible nature of Electronic Invoicing allows for a phased approach to move from paper to electronic invoicing, as we noted in the previous post. EIPP provides a way to centralize invoices and increase visibility for buyers and suppliers. Electronic Invoicing also improves cash flow information, allowing it to be retrieved immediately. This will ease business decisions and allow for a more agile trading model. If your organization has PeopleSoft Financials, we encourage you to look at the eSettlements and Financial Gateway parts of Cash Management to leverage the full EIPP Solution. However, some obstacles may still get in the way, such as time, supplier participation and security. Of course, this raises an obvious question: How can Organizations successfully achieve a fast ROI when implementing an EIPP solution?
This goal may be easier for some industries to achieve more than others, but with careful planning and by securing the agreement of suppliers and customers, the roll out can be a huge success.
There will always be a level of resistance to change from certain suppliers, much of which is caused by inexperience in e-Invoicing. To maximize your financial savings and accelerate the deployment of an EIPP solution, Ataway has begun offering two prepackaged solutions for customers based on our implementation experience: eSettlements Support and EIPP Cloud Solutions.
Let’s talk a little bit more about these two services.
With this service, Ataway can assist your organization in the Supplier Activation Program. Our Experts will support you during the implementation and Roll Out of eSettlements solutions, including:
Supplier Activation is key to a successful implementation. Ataway will leverage its expertise in EIPP to prepackage supplier activation kits and offer a fixed price package for Settlements implementations (Fixed Scope to Accelerated Implementation).
To learn more about this service, please get in touch with us.
A lot of organizations are looking at SaaS or cloud vendors to avoid upgrades and have the latest release at all times. And, yes, the idea is tempting. But just think of how much more convenient it would be to use your data and run your own reports…
With our Cloud Offerings, organizations will be able to use the latest PeopleSoft release at any time while Ataway manages all updates and upgrades without the need for customers to download or install patches. Customers will no longer be required to add hardware, software or use bandwidth as their user base grows. Ataway will take care of your eSettlements solutions for you and can manage the IT infrastructure, which will translate to lower IT costs for hardware, software and the people needed to manage it all.
With this service, sellers will be able to connect to your eSettlements in the Cloud. Ataway will then connect via a Secured HTML and/or XML over https using a VPN line. Ataway will also provide APIs that will allow you to use the latest release of PeopleSoft 9.2 eSettlements with your existing PeopleSoft environment. We will also provide the APIs necessary to integrate with your existing PeopleSoft systems.
And finally all the services mentioned in the Supplier Activation Program will also be available.
To learn more about our Cloud Offerings, please contact us.
At Ataway we believe that these two services complement and extend the Oracle product line. Clearly, the economic benefits of implementing EIPP solutions can be huge for any organization. The EIPP process offers significant advantages over paper-based processes, including more efficient trading, automated compliance and lower costs. By adding services around the application, Ataway can help increase your ROI.
Consult with Ataway’s Team of Experts today, and learn how we can provide Solutions for your business in Electronic Invoice Presentment and Payment.