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Web Invoicing & Payments |
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According to Gartner, a consulting firm, the average biller can save at least $5.7 million annually by sending Web-based invoices to corporate customers. So why has there been not enough adoption of EIPP in the B-to-B segment of the industry? The crux of the issue is in the ability to sign up customers to the web platform in sufficient numbers to justify the investment.
Technology, Process and People
A software or web based solution is not enough, what is needed is an active services arm, which will initiate and maintain the web process. An easy to use and simplified process, which the customer can use and integrate with his needs. Capgent platform offers an easy to use and flexible web based environment for web invoicing and payment.
Capgent supplements its leading software platform with services to ensure the signup and continued use of the web platform by customers across disparate size and needs. Capgent's unique EIPP process ensure rapid adoption and high usage of the EIPP platform.
Customized design, Flexible Delivery
Users can customize the invoice format using an easy to use wizard driven drag and drop interface using only a web browser. Platform users can choose the form of delivery of Invoices. The delivery can be an electronic push or pull. Subscribers can choose to view and download invoices over e-mail, the web or a file transfer. Customers can view or download invoices using a variety of formats such as PDF, HTML, Text. Custom adapters for ERP applications such as SAP, PeopleSoft, Oracle, Great Plains and others are available.
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Current cost of Invoice Management |
Impact on cash due to
CAPGENT Invoice Management |
Average reduction in DSO days |
Current Average Receivables |
Current DSO |
Reduce DSO by |
Future Average Receivables |
Addition to cash for Investment / Lower Borrowing |
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$167,000,000 |
60 |
15 |
$125,250,000 |
$41,750,000 |
Average reduction in Bad Debts |
Current Average
Bad Debts |
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Reduction in
Bad Debts by |
Future Average
Bad Debts |
Bad Debts Saving |
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$20,000,000 |
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$5,000,000 |
$15,000,000 |
$5,000,000 |
Average reduction in Exceptions management
costs |
Current value of
Exception Invoices |
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Savings Rate |
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Amount added to Working Capital |
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$75,000,000 |
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50% |
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$37,500,000 |
IMPACT ON CASH : |
$84,250,000 |
Assumption : Company with small, medium, and large corporate customers with a revenue of $1 billion |
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More features of EIPP: |
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Pro-Active Exception Management |
Web payments and Notifications |
Rules based process for quality control |
Modular adoption of platform by users from paper to partially web to seamless straight through
processing |
No software needed by you and your customers and vendors to start reaping the benefits of EIPP |
Customers using the Capgent EIPP platform benefit from lower transaction costs, lower DSO,
reduced rates of disputes, lower dispute management costs and strengthened customer relationships |
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