1. Send Invoice + SRTP
- Instead of sending a paper-based invoice, corporate sends an invoice with a request to pay to the new service (including end-to-end ID)
With an effective single-click payment process, corporations can not only enjoy zero-error payments but can reduce the process cost by up to ninety percent. At the same time, they will be offering their customers the benefits of a vastly improved experience that meets expectations in our increasingly digital world.
BearingPoint Bill encompasses a fully digitalized end-to-end service:
Corporate sends an invoice with an SRTP via BearingPoint Bill service to the payee’s bank, which forwards the SRTP via EBA Clearing to the payer’s bank.
The payer receives an SRTP and an invoice conveniently in the payer’s online/mobile banking. The payer can check and download the incoming invoice via the new service and then pay right away, postpone it to a later date, or reject it.
The corporate receives payment being automatically reconciled to the debtor. Also, compare Deutsche Bank research and findings of success factors for e-invoicing.
The advantage for corporate is an efficient new channel to submit invoices with a request to pay
The advantage is to have a confirmed list of who accepts receiving invoices in their bank account
The advantage for payers is having one single place to receive, manage, archive, and pay invoices
The advantage for corporate is creating fully digitalized end-to-end processes without manual reconciliation
The advantage for corporate is receiving the status of invoices and payments (transparency)
The advantage for corporate is avoiding costly manual reconciliation