five minute ebook guide to e-billing success from swiss post solutions
DESCRIPTION
How E-Billing can deliver faster payments for your business and a better experience for your customers. eBook includes: * Positive Effects of e-Billing * e-Billing explained * The four flavours of e-Bill * What's in it for your customers The eBook provides access to an online calculator to identify potential cost savings of migrating to e-Billing solution.TRANSCRIPT
The five minute guide to Client Billing SuccessHow E-Billing can deliver faster payments for your business and a better experience for your customers
10% reduction in DSO
E-Billing Effects – Benefitting your Bottom Line
Reduce Your CostsReplacing manual or paper-based billing processes with an electronic billing solution is a quick and easy win for your finance function, and there are very few barriers to change.
• 80% of companies achieve RoI within six months of implementation
• low level of training and time investment required
• no need to change your current finance system
• virtually no switching costs 100% less storage space
>80%lower cost
per invoice
See what switching to E-Billing could save your business
100% drop in copy
invoice requests
58% fewer process steps
E-Billing Effects – Improving your Processes
Empower Your TeamWith E-Billing, invoices and statements can be delivered instantly and customers have online, on-demand access.• fewer requests for copy invoices
• proof of delivery and visibility over access
• faster cash collection
• more informed and efficient payment chasing and dispute handling
• more secure and auditable process
70% reduction in manual
disputes
Growing GreenGlobally, E-Billing adoption is increasing by over 20% each year.• more and more customers
accept and expect E-Bills
• E-Billing adopters are benefitting from more sustainable practices and stronger customer relationships
98% smaller carbon
footprint
Enhances corporate and social responsibility strategies
See a client case study on the carbon case for E-Billing
E-Billing Effects – Enhancing your Sustainability
What does an E-Billing provider do?Creating and supporting multiple invoice delivery channels to your customer
Your Business Your Billing Data Your Customer Preferences
E-Billing Provider
All Delivery Channels Your Customer
pri
nt
po
stfa
xem
ail
on
line
system to system
mo
bile
Take a closer look at our Solution Comparison Tool
E-Billing Explained – Print vs. ‘E’
Raise, print and deliver bill 1-5 days 1-2 days
Receipt confirmation Manual process - telephone callInstant visibility and automated prompts to open
Query managementManual and controlled by customer
Semi-automated and driven by you
Payment reminders Manual process – telephone call Automated
Raise, print and deliver overdue reminders
1-5 days Instant – automated
Month end statement issue 1-5 daysNo longer required. Statements and payment status available ‘live’
Raise, print and deliver final overdue reminders
1-5 days Instant – automated
Payment receipt and allocation
1-5 days 1-2 days
Non-payment management / debt sale
Manual process – may take months to gather data
Electronic data export can reduce this from months to days
Process Paper E-Bill
’
(
)
*
+
,
-
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The four flavours of E-Bill
System-to-
System
(EDI)
PortalSecure
Speed of delivery) ) ) )
Reliability of delivery( ) ) )
Security rating of delivery channel ( ) ) )
Cost of delivery) ’ ) (
Accountability of receipt ( ) ) )
Support for multiple formats ’ & ) )
Support for multiple recipients ( & ) (
Carbon footprint of delivery ) ) ) )
Legal admissibility) ) ) )
Customer self-help functionality ’ & ) (
Value add potential( & ) (
Capital investment costs for set-up ) & ’ (
Total Score27 19 34 30
The Portal
Widest set of functionality
for you and your customers,
with flexibility for added
integration and functionality
Secure eMail
Simple to implement with
accountable delivery for a
secure alternative to the
trusty pdf attachment
PDF The simplest form of E-Bill-
ing with the lowest barrier
to entry, but also the lowest
feature set
System-to-System (EDI)
An important channel for
integrating your billing with
large organisations with
prescriptive, system-to-system
billing requirements
34
30
27
19
How do they compare and what’s best for your business?
What’s in it for your customers?
• Self-sufficiencyYou can present and combine orders, invoices, statements and delivery notes within a single environment helping your customers understand and approve their invoices with greater ease Space
savingsWith no more paper in voices to file, your customers gain back valuable office space
Time and overhead savings
No more opening envelopes, scanning invoices and filing paper copies
Receiving invoices electronically saves your customers from manual re-keying and gives them error-free data
Visibility over activity stops you chasing customers who don’t need to be chased
• Greater automation and accuracy
• Better quality of contact
“One of our customers reported saving up to eight hours a week previously spent manually inputting data from invoices as they arrived in the post”
– International travel & transport services company
“Our customers love the fact that we save them valuable time and resource by providing their invoices in a format that can be printed, emailed between colleagues or uploaded into their accounting systems”
– Passenger Transit Provider
A proven transition process including data cleansing, user testing and promotional campaigns
Experience and expertise to support your customers in ‘migrating’ to E-Billing
A compliant solution proven to adhere to domestic and international billing regulations
Will it be easy to switch?The importance of a full service partner to help you transition
Full customer support services for both your team and your customers
Support for multiple channels to maintain flexibility and give your customers choice
ROI≤6
monthsfor 80% of companies
4-12weeks
typical im-plementation timeline =
Get an idea of the steps in a typical implementation timeline
The Bigger Picture What E-Billing can do for Order-to-Cash
Credit Assessment
Order Processing
CustomerService
Billing
• Online payment
• Easier re-orders, up- and cross-selling opportunities
• Fewer queries
• Easier allocation
• Full account history and overview of payment patterns make for better credit control and lower credit risk
• Faster order processing results in faster delivery
• Greater visibility
• Easier matching / accurate statements
• Early payment incentives
scroll down
• Faster payments
• Reduced delivery costs
• Improved cashflow
• Multi-country tax and audit compliance
Learn more about the ‘instant effects’ of E-Billing
Collections and
Disputes
Cash Allocation
Query Resolution
CreditControl
• Allocation becomes more efficient and effective through automated reconciliation of bank payments against open sales ledger items
• Accountable delivery and visibility of who is or isn’t opening bills
• Benefit from automated and multi-channel (E-mail, SMS, Post) reminders chasing payment on outstanding invoices
• An online billing platform offers interactive query functionality. This means queries can be resolved online swiftly and effectively at a fraction of the cost and effort that comes with call handling
• Greater visibility of customer billing and payment patterns
• Integrated reporting and risk analysis for better credit control
• Simple workload prioritisation for collections teams based on invoice value or days overdue
• reduce your billing costs
• improve your working capital
• increase your brand equity
• centralise your billing processes
• receive payment faster
• reduce cost of collection
• reduce your carbon footprint
• enhance your green credentials
• win repeat business through an enhanced customer experience
Why you should make the switch
• save time and resources
• scale your business without needing to take on new staff
• strengthen audit and compliance processes
“Hosted service delivery means we no longer have to worry about system upgrades, development and maintenance costs and our data security has been greatly enhanced”
– Mail and Parcel Carrier
“We have seen a dramatic drop in customer queries and copy invoice requests as a result of the self-help functionality of the online customer billing portal”
– UK Energy Provider
“We have seen an increased year-on-year saving in terms of the direct cost savings on printing, stationery, postage and labour in proportion with the level of customer uptake which is currently at 84%”
– Global Logistics Provider
A little bit about us …Access our
Client Billing Success
Resource Centre
SPS has been delivering electronic billing services to clients for over 20 years, enjoying long-standing and fruitful relationships with clients across a wide range of B2B and B2C industries.
Our achievements are founded on our commitment to customer success, ensuring a seamless transition and flawlessly reliable service.
Every year we deliver electronic invoices to the value of over £50 billion for our customers.
Helping you make the move from print to digital
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To learn more about making the switch to E-Billing Contact us today:
Swiss Post Solutions Ltd. 0845 301 3708 [email protected] www.swisspostsolutions.co.uk