Model Electronic Invoice Presentment and Payment

This EIPP model has three parts: Direct seller, direct buyer, and consolidator.

• A direct seller is with a direct seller this solution electronically connects one seller to many buyers for an invoice presentation. The buyer signs for the seller’s EIPP program. The seller posts the invoice and informs the buyer when the invoice is ready to be viewed on his or her website. Buyers review and analyze invoices.
• Direct Buyers are In this model, there is one buyer for many sellers. The seller registers on the buyer’s EIPP system. The seller generates an invoice and posts it on the EIPP buyer. After the invoice is posted, the buyer’s staff is notified. The buyer checks and approves (or rejects) the invoice. Once the invoice is approved, the buyer authorizes the payment, which is made by the buyer of the financial institution’s process.
• Consolidator It is a lot-to-many model with an intermediate consolidator. Consolidators are generally third-placed parties that not only provide EIPP services but also offer other financial services (e.g., insurance, Wills).

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Reference:   2015_Book_ElectronicCommerce.pdf (ukh.ac.id) (Book)http://eprints.ukh.ac.id/id/eprint/192/1/2015_Book_ElectronicCommerce.pdf