Electronic Bill Presentment & Payment ROI calculator- EBPP or e-invoice and echeck payments

What are hard cost savings from converting paper invoices to electronic invoices? Download this handy calculator and compare your current costs with any proposed solution. The sample shown is for checks only.  If your goal is to reduce paper, printing and postage costs, emailing invoices achieves that. If your goal is to reduce float, improve cash flow, or increase security, an integrated payment solution is needed. CenPOS, a suite of private cloud payment processing solutions, including for checks and credit cards, offers unique features to reduce float, reduce the cost of accepting credit cards, and reduce the scope for payment card industry (PCI) security.

UNDERSTANDING THE PAYMENT OPTIONS

Business to business:

  • RDM- Paper checks received in the mail are scanned and deposited.
  • ACH, Electronic check, and E-check are all the same- Customers pay by check online.
  • Merchants cannot convert a paper commercial check to ACH. E-checks must be initiated by the customer, not the merchant.

Business to consumer:

  • RDM- Paper checks received in the mail are scanned and deposited.
  • Check 21- Paper checks recevied in the mail are converted to electronic checks. Customers must be informed in advance.
  • ACH, Electronic check, and E-check are all the same- Customers pay by check online.

Electronic Invoice ROI calculator  Excel spreadsheet.

Need a solution? Contact Christine Speedy, blog author. (954) 942-0483.