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  • Automatically creates a log/audit trail of dispute resolutions

  • Speed up invoice delivery

  • Faster delivery means invoices are entered into your customers' systems more quickly and lead to faster payment


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EIPP Blog

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The Top 20 Things You May Not Know About eInvoicing for Dynamics GP!
Tuesday, August 26, 2008 (4 reads)

In talking with some of our ALMOST clients, it seems like a few pivotal points of information about our flagship eInvoicing solution have gotten lost in the mix.  In an effort to clarify the discovery process and take the mystery out of all the GREAT things eInvoicing has to offer, I've made a quick list. 

Though "Ten" wasn't a large enough number to include everything we had to say about eInvoicing's ability to revolutionize your AR processes, In true Late Show fashion, we're counting down to the biggest benefits of all.  Enjoy!

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(Article 5) Collections Never Tasted so Sweet
Tuesday, August 19, 2008 (16 reads)

Collections.  An eleven-letter word that makes the hair stand up on the back of your neck?  Or a convenient, safe, and dependable way to make sure your receivables make it to your bank, without leaving your desk?  You decide! We have, and we MUCH prefer the latter!

For many years, the word “collections” in the financial realm was akin to harassing phone calls, or someone coming to your house in the night to reverse-pimp your ride (not to be confused with Pimp My Ride), after you’d missed a payment or three.

Now, however, collections are taking on a new meaning across the Receivables landscape.  There are collections as in collection centers, where you can pay your electric bill at the grocery store, but today, we’re focusing on the kind where you don’t have to drive ANYWHERE! 



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(Article 4) Painless Reconciliation...The Wave of the Future
Friday, August 08, 2008 (43 reads)

Companies spend millions of dollars per year just trying to match incoming receivables with invoices sent. The time, the confusion, the lack of a concrete audit trail, and OH! Did I mention the time? Paperless invoicing, also known as electronic or eInvoicing is indeed the solve-all.

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(Article 3) How Direct Debit is Changing the Face of the Receivables Wristwatch
Tuesday, July 29, 2008 (38 reads)

After all that talk about cash and checks, things are definitely looking up! Depending on your vantage point, direct debit could be just what the doctor ordered, and right on time. For businesses on the receivables end, nothing could be more seamless and carefree than knowing they have permission to extract payment at a certain date for their goods or services provided to customers. For a great deal of buyers, direct debit means not having to think about remembering, scheduling, or possibly forgetting payments.

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(Article 2) Taking the "Paper" out of Paper Check
Monday, July 28, 2008 (45 reads)

Is your business like 60% of those out there that still accept checks as payments? Odds are, yes. Checks, as you well know, are a bit of an odd duck in the payment landscape. While they are paper, they don't act like paper money. In truth, they behave a little more like a paper trail to the money. First, you have to deposit the check, then you have to wait for your bank to process it. This means the check traveling to the Federal Reserve, credits and debits going on within the Fed's branches. Finally, the money is actually taken out of the payee's account. This, of course, is assuming that everything went as planned. This is assuming that the payee actually had the money in their account when they wrote the check.

As a business owner, anything you can do to mitigate risk is usually well worth the time and effort it takes. Check 21, "lock box", or back office conversion, as it's called seems to be the silver bullet to reducing the risk associated with taking checks.

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