- Increase cash flow by reducing the time between the creation of the bill and the receipt of payment. Delivery of paper bills and the subsequent payment can involve anywhere from 4-6 days.
- Increase customer service with no increase in cost. By maintaining bills and payments on-line, billers provide their customers with the ability to view the information without the need for a customer service agent 24/7.
- By sending bills electronically, billers eliminate the need for forms, print, assembly and mail costs. Electronic payment information can be used to update Accounts Receivable files automatically without transcription.
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