Electronic Invoicing and Remittance
نویسنده
چکیده
The use of Electronic Data Interchange (EDI) technologies can prove to be a strong, strategic initiative for many businesses. However, to leverage these potential benefits, organizations must be able to transform ineffective operating procedures and explore alternative implementations of EDI. The project reported here illustrates how a major Fortune 500 corporation was able to meet the challenge of extending their EDI utilization using specific cycle time reduction techniques. Specifically, they identified various means to reduce the cycle time for electronic bill presentment and payment that should result in improved customer service, increased cost savings, and enhanced revenue.
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