Benefits of Electronic Invoice Presentment and Payment

19 Dec 2021

Article

Yohanes 2301922360

The benefits of Electronic Invoice Presentment and Payment (EIPP) is to facilitate the convenience of people to transact so that they do not need to come to a certain place to make transactions, reduce the cost of using only mobile phones so that they do not really need a lot of officers, increase the speed of processing time related to bills and payments, and reduce the risk of counterfeit money.

Examples of companies that apply it by means of Auto collection, namely ILCS auto collection is an electronic distribution channel that helps service users of the company to carry out activities against their accounts, including the detention of certain funds from the user’s account and the deposit of funds into a biller account for payment of certain services.

In the process of Electronics invoice presentment and payment, there are also features that facilitate the transaction process such as the invoice generation feature to create invoices with personalized templates for different clients. Can print and send directly via email, there is also a tax or discount feature with the feature people can find out the amount of taxes or discounts in the invoice, in addition, there is also an online payment feature arranged were with online payment and send receipts or through the same portal, where the system also sets credit limits with a certain amount so that each client based on the price of the product or service, where invoices are also approved and validated each invoice is given a special price or discount. And the last is to be able to know the age of the invoice and find the invoice that has not been paid to find out the total income. Where ordinary Electronics Invoice presentment and payment is usually used by accountants to calculate more clearly and there is an application called Jurnal is a feature of Indonesia’s online invoice software from the journal to create and send invoices + automatic sales invoices. The ease of application is also very used.

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