Despite Same Day ACH, B2B Check Use Up

This week, The Electronic Payments Association, or NACHA, is rolling out same day ACH payments. Previously, ACH payments would process the next business day, making businesses wait anywhere from 1-3 days after the time of purchase to actually receive payment. With same day ACH payments, businesses will be able to collect their payments on the same day that the ACH is processed.
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Why You Should be Using EIPP Software

EIPP, or electronic invoice presentment and payment, is a way for B2B businesses to get paid faster. By invoicing them electronically, over the internet, they are not waiting on snail mail or a check to finally receive payment. It can be done quickly by the customer. Using EIPP software has tons of benefits for B2B cash flow because the process will be done automatically. Below we highlight three of the areas EIPP software makes getting paid easier.

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Working with ISO/MSP Merchant Service Provider

ISO/MSP merchant service providerTo accept credit cards at your business, you need to establish an account with a credible merchant service provider. Not all merchant service providers are the same. It can be difficult, if not impossible to compare them side-by-side as each one has their own formulas for calculating rates and some provide more tailored services that may be more beneficial for your business. We experienced this first hand when it came to selecting a provider for our Anytime Collect solution. Here are a few of the things we thought about as we made out selection to ensure our product and more importantly,our customers would be backed by a quality merchant service provider.

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How to Get Paid A LOT Faster with Electronic Invoice Presentment and Payment

Electronic Invoice Presentment and PaymentMost businesses are all too familiar with the significant problems, frustrations, and expenses related to paper-based invoicing and payment processes. What if you could rid yourself of those headaches once and for all, improve customer service, and get paid weeks faster with less effort? Electronic invoice presentment and payment automates the entire process and can shave days off the collection process so you can turn invoices into cash faster. Join us to learn more.

Date:  Thursday, October 8, 2015
Time:  10:00 AM PT / 1:00 PM ET
Register here

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White Paper Highlights the Benefits of Electronic Invoice Presentment and Payment (EIPP) and Addresses Frequently Asked Questions.

Electronic Invoice Presentment and Payment (EIPP)(Chardon, OH) September 30, 2015- Today e2b teknologies, publishers of Anytime Collect accounts receivable management software, announced the availability of a new white paper titled, “Making Customer Payments Easier with Integrated Credit Card & ACH Transactions.” The white paper serves as a guide to help B2B companies understand the electronic invoice presentment and payment (EIPP) process and the benefits of moving away from traditional paper checks.
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Defeat Overdue B2B Invoices with Electronic Invoice Presentment and Payment

Most B2B credit managers, collectors, or financial executives are well aware of the problems that plague most A/R departments. For example, the expense of the time and materials required to create, print, and mail paper invoices and statements or the wait for an invoice to be delivered to the customer by the postal service and subsequent waiting period for payment to be returned. Then there are the excuses for late payment. We know you’ve been told a time or two that, “the check is in the mail” or “we never received the invoice in the mail.”

All of this can wreak havoc on cash flow when invoices are held up, delayed, or disputed. Luckily though technology such as electronic invoice presentment and payment can help you rid yourself of these costs and pains to reduce outstanding invoices.
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