SlideShare a Scribd company logo
1 of 4
Download to read offline
F I N A N C E A N D A C C O U N T I N G
eBilling:KeepingUpwith
CustomerExpectations
Increasingly, companies are realizing that people accustomed to easy accessibility
of information expect convenience in their business relationships as well. Surveys
indicate that over 50% of customers prefer eBilling (EIPP - Electronic Invoice
Presentment and Payment) for lower costs in processing and convenience of accessing
invoice information online, streamlining processes, and receiving customized billing
statements. Yet Accounts Receivable is such a critical process for any company that
many are reluctant to effect such changes for fear of undue disruptions, even as they
struggle with legacy systems, manual processes, high error rates, lengthy payment
cycles, and deep customer and vendor dissatisfaction.
Theexecutionchallenge
This is the internet age, when instant access to information
has become the norm. Increasingly, companies are finding that
people accustomed to accessing information from anywhere
expect such convenience in their business relationships as
well. Surveys indicate that over 50% of customers prefer
eBilling (EIPP - Electronic Invoice Presentment and Payment)
for the lower costs in processing and the convenience of
accessing invoice information online, streamlining processes,
and receiving customized billing statements. Yet Accounts
Receivable is such a critical process for any company that
many are reluctant to effect such changes for fear of undue
disruptions, even as they struggle with legacy systems, manual
processes, high error rates, lengthy payment cycles, and deep
customer and vendor dissatisfaction. Electronic invoicing, by
reducing manual touch points, providing ready access to data,
and automating the cycle end to end, can entirely eliminate the
problem of incompatible data formats, complex and confusing
invoicing, and resolve customer issues without time-consuming
and expensive phone calls. In this electronic age of instant
communication, eBilling is an idea whose time really has come.
Painvs.gain
For large companies, financial processes generally have been
built over many years, and often vary from location to location.
They often depend on software that came with acquisitions or
has become so entwined in the process that it seems a hopeless
task to upgrade it. The entire system tends to be inefficient,
manual, and costly in time and labor. Managers have little
insight into the process enterprise-wide, while delays and
disputes impact cash flow and seriously degrade relationships
with angry customers and vendors. Some 30% of all invoices
generated by manual processes end up in disputes. Problems
that could easily be solved with ready access to invoice
information instead become a lengthy process of re-issues,
re-approvals, and customer service calls. Add in the ever-rising
cost of printing and mailing hard-copy invoices, and the billing
cycle becomes an increasing drag on revenues.
Genpact eBilling is a technology-based solution proven to
reduce operational costs by 25-45% and improve cash flow by
20-30%. Deployable in less than 6 weeks, it streamlines the
billing, dispute, and payment functions through an internet-
based, self-service environment. Our solution, proven in
multiple engagements across a wide range of industries, fosters
enduring customer relationships by removing the bottlenecks in
the billing process and delivering customized, real-time invoices
in multiple formats, and making the process transparent from
end to end.
Lowercosts,fasterpayments
Genpact eBilling is a key component of Genpact’s Order to Cash
(OTC) solution, driving significant improvements across the
billing, collections, and cash management processes. Delivered
either on-premise or via cloud-based SaaS models as the client
requires, the solution is scalable to suit the needs of all business
types over time and can be deployed globally to standardize
operations across the company’s entire footprint.
Capable of receiving and standardizing input in a variety of
formats, Genpact eBilling solves the problem of multiple legacy
systems while automating the billing process to:
• 	Reduce costs
• 	Speed payments
• 	Standardize processes
• 	Reduce errors and disputes
• 	Facilitate reconciliation
• 	Reduce revenue leakage
Customized invoices meet enterprise- or industry-specific
requirements, while our web-based self-service tools speed
resolution of disputes and greatly enhance customer
satisfaction.
Empoweringrelationships
“Snail mail” and hard copies are no longer the keys to solid
billing processes. With each “touch” during manual billing,
the chance of error increases and time is added to the cycle,
delaying payment and affecting cash flow. At the same
time, customer service representatives attempting to answer
questions from unhappy customers usually do not have access
to the paper invoices, lengthening the resolution process and
risking revenue impact through loss of customer loyalty and
goodwill.
Genpact eBilling overcomes these issues by:
• 	Capturing data from multiple billing sources, in multiple data
formats, consolidating it, and creating a single view and
delivery point
• 	Delivering bills electronically in multiple formats and
eliminating hard copies while ensuring archival access
• 	Integrating workflows for both the biller and the payer
• 	Creating a fully collaborative dispute resolution environment
• 	Enabling line item functionality for dispute resolution and
cash application
Customers can review and organize their bills in a wide variety
of output formats, configure auto-payment and reconciliation
processes, and take advantage of the system’s support for
online payments through multiple payment methods: credit
card, ACH, etc.
Average Transaction Cost, B2B ($)
-60%
5 2
17
10
55
27
-51%
-42%
Sending Bills
Traditional Web-billing and self service
Call Elimination Disputes
Genpact eBilling has been deployed over the past 10 years in
some of the largest corporations in the world, and they are
using it to fundamentally change the way they interact with
their customers. Our solution turns receivables management
into a customer-driven, electronic collaboration that deepens
customer loyalty while often halving operating and CRM costs.
Self-service portals allow vendors and customers instant access
to invoice data and provide many tools for answering their
own questions and resolving issues, reducing the number of
customer service calls and increasing customer satisfaction.
Flexibletosuityourbusinessneeds
Genpact eBilling is suitable for companies at all stages of their
development, growing with you as your business expands.
Implementation can take as little as six weeks, and most
companies observe a positive ROI within a year.
The solution is backed by adoption, implementation, and
support and maintenance services that provide end-to-end
transition management and post-deployment support.
Flexible solutions include:
• 	Express: SaaS-based, 6-8 week deployment
• 	Professional: SaaS-based, 4-6 month deployment
• 	Enterprise: SaaS/On premise, 6-12 month deployment
Oursolutionsgetresults
Genpact eBilling is a best-of-breed solution offering both
robust out-of-the-box capability and full customization. Clients
who have deployed it include a global leasing company that
experienced.
• 	20% reduction in operating costs
• 	35% reduction in call center volume
• 	25% reduction invoice volume
• 	20-day reduction in payment cycle for customers using self-
service
• 	Increased customer satisfaction
• 	Improved ability to meet compliance requirements (SOX)
Increasingly tech-savvy customers demand more sophisticated
systems for obtaining information. Genpact eBilling helps
companies satisfy a new generation of customers and
significantly increase efficiency and effectiveness in their
financial operations all at the same time. Both biller and payer
will benefit from the flexibility, cost savings, and comprehensive
approach to invoice management offered by Genpact eBilling.
About Genpact
Genpact is a global leader in business process and technology management services,
leveraging the power of smarter processes, analytics and technology to help its clients
drive intelligence across the enterprise. Genpact provides a portfolio of process-driven
services strengthened by its industry vertical domain expertise, analytical insights, and
intelligent technology solutions for better business outcomes.
www.genpact.com
© 2012 Copyright Genpact. All Rights Reserved.
For More Information, Contact:
Tanya Johnson, Vice President, Genpact
Order-To-Cash Products and Solutions
+1 650 641 1209
tanya.johnson1@genpact.com
John Kern, Associate Vice President, Genpact
Order-To-Cash Products and Solutions
+1 317 332 2107
john.kern@genpact.com
eipp.solution@genpact.com
Visit us at http://www.genpact.com/home/
solutions/finance-accounting/order-to-cash/ebilling

More Related Content

More from Genpact Ltd

Turn high tech industry digital disruption into a tangible opportunity
Turn high tech industry digital disruption into a tangible opportunityTurn high tech industry digital disruption into a tangible opportunity
Turn high tech industry digital disruption into a tangible opportunityGenpact Ltd
 
Turn healthcare sector digital disruption into a tangible opportunity
Turn healthcare sector digital disruption into a tangible opportunityTurn healthcare sector digital disruption into a tangible opportunity
Turn healthcare sector digital disruption into a tangible opportunityGenpact Ltd
 
Turn consumer goods industry digital disruption into a tangible opportunity
Turn consumer goods industry digital disruption into a tangible opportunity Turn consumer goods industry digital disruption into a tangible opportunity
Turn consumer goods industry digital disruption into a tangible opportunity Genpact Ltd
 
Turn BFS sector digital disruption into a tangible opportunity
Turn BFS sector digital disruption into a tangible opportunityTurn BFS sector digital disruption into a tangible opportunity
Turn BFS sector digital disruption into a tangible opportunityGenpact Ltd
 
Volatility and Adaptation Index 2015 Report
Volatility and Adaptation Index 2015 ReportVolatility and Adaptation Index 2015 Report
Volatility and Adaptation Index 2015 ReportGenpact Ltd
 
Commercial Banking and Capital Markets record the maximum increase in Volatil...
Commercial Banking and Capital Markets record the maximum increase in Volatil...Commercial Banking and Capital Markets record the maximum increase in Volatil...
Commercial Banking and Capital Markets record the maximum increase in Volatil...Genpact Ltd
 
Sharpest rise in Volatility and Adaptation events in Life Sciences and Consum...
Sharpest rise in Volatility and Adaptation events in Life Sciences and Consum...Sharpest rise in Volatility and Adaptation events in Life Sciences and Consum...
Sharpest rise in Volatility and Adaptation events in Life Sciences and Consum...Genpact Ltd
 
Highest levels of Volatility and Adaptation in Retail Banking in 2015
Highest levels of Volatility and Adaptation in Retail Banking in 2015Highest levels of Volatility and Adaptation in Retail Banking in 2015
Highest levels of Volatility and Adaptation in Retail Banking in 2015Genpact Ltd
 
Intelligent operations driven by analytics - Drive customer engagement to imp...
Intelligent operations driven by analytics - Drive customer engagement to imp...Intelligent operations driven by analytics - Drive customer engagement to imp...
Intelligent operations driven by analytics - Drive customer engagement to imp...Genpact Ltd
 
Is your omni-channel customer experience seamless?
Is your omni-channel customer experience seamless?Is your omni-channel customer experience seamless?
Is your omni-channel customer experience seamless?Genpact Ltd
 
Customer experience management - Mapping customer experience across touch-points
Customer experience management - Mapping customer experience across touch-pointsCustomer experience management - Mapping customer experience across touch-points
Customer experience management - Mapping customer experience across touch-pointsGenpact Ltd
 
How can analytics transform the multi-channel customer experience?
How can analytics transform the multi-channel customer experience?How can analytics transform the multi-channel customer experience?
How can analytics transform the multi-channel customer experience?Genpact Ltd
 
How to reimagine the customer experience with digital
How to reimagine the customer experience with digitalHow to reimagine the customer experience with digital
How to reimagine the customer experience with digitalGenpact Ltd
 
Uncover customer service challenges in the digital age
Uncover customer service challenges in the digital ageUncover customer service challenges in the digital age
Uncover customer service challenges in the digital ageGenpact Ltd
 
Cut cost while boosting customer loyalty
Cut cost while boosting customer loyaltyCut cost while boosting customer loyalty
Cut cost while boosting customer loyaltyGenpact Ltd
 
Empowering intelligent customer operations through Lean Digital
Empowering intelligent customer operations through Lean DigitalEmpowering intelligent customer operations through Lean Digital
Empowering intelligent customer operations through Lean DigitalGenpact Ltd
 
Genpact – Key Policies and Practices
Genpact – Key Policies and PracticesGenpact – Key Policies and Practices
Genpact – Key Policies and PracticesGenpact Ltd
 
Genpact VAI Q3 2015: Capital markets records high on #enterprise #volatility ...
Genpact VAI Q3 2015: Capital markets records high on #enterprise #volatility ...Genpact VAI Q3 2015: Capital markets records high on #enterprise #volatility ...
Genpact VAI Q3 2015: Capital markets records high on #enterprise #volatility ...Genpact Ltd
 
Genpact VAI Q3 2015: Drop in #volatility marked by corresponding spikes in ad...
Genpact VAI Q3 2015: Drop in #volatility marked by corresponding spikes in ad...Genpact VAI Q3 2015: Drop in #volatility marked by corresponding spikes in ad...
Genpact VAI Q3 2015: Drop in #volatility marked by corresponding spikes in ad...Genpact Ltd
 
Genpact VAI Q3 2015: Volatility and adaptation events reduce for most industr...
Genpact VAI Q3 2015: Volatility and adaptation events reduce for most industr...Genpact VAI Q3 2015: Volatility and adaptation events reduce for most industr...
Genpact VAI Q3 2015: Volatility and adaptation events reduce for most industr...Genpact Ltd
 

More from Genpact Ltd (20)

Turn high tech industry digital disruption into a tangible opportunity
Turn high tech industry digital disruption into a tangible opportunityTurn high tech industry digital disruption into a tangible opportunity
Turn high tech industry digital disruption into a tangible opportunity
 
Turn healthcare sector digital disruption into a tangible opportunity
Turn healthcare sector digital disruption into a tangible opportunityTurn healthcare sector digital disruption into a tangible opportunity
Turn healthcare sector digital disruption into a tangible opportunity
 
Turn consumer goods industry digital disruption into a tangible opportunity
Turn consumer goods industry digital disruption into a tangible opportunity Turn consumer goods industry digital disruption into a tangible opportunity
Turn consumer goods industry digital disruption into a tangible opportunity
 
Turn BFS sector digital disruption into a tangible opportunity
Turn BFS sector digital disruption into a tangible opportunityTurn BFS sector digital disruption into a tangible opportunity
Turn BFS sector digital disruption into a tangible opportunity
 
Volatility and Adaptation Index 2015 Report
Volatility and Adaptation Index 2015 ReportVolatility and Adaptation Index 2015 Report
Volatility and Adaptation Index 2015 Report
 
Commercial Banking and Capital Markets record the maximum increase in Volatil...
Commercial Banking and Capital Markets record the maximum increase in Volatil...Commercial Banking and Capital Markets record the maximum increase in Volatil...
Commercial Banking and Capital Markets record the maximum increase in Volatil...
 
Sharpest rise in Volatility and Adaptation events in Life Sciences and Consum...
Sharpest rise in Volatility and Adaptation events in Life Sciences and Consum...Sharpest rise in Volatility and Adaptation events in Life Sciences and Consum...
Sharpest rise in Volatility and Adaptation events in Life Sciences and Consum...
 
Highest levels of Volatility and Adaptation in Retail Banking in 2015
Highest levels of Volatility and Adaptation in Retail Banking in 2015Highest levels of Volatility and Adaptation in Retail Banking in 2015
Highest levels of Volatility and Adaptation in Retail Banking in 2015
 
Intelligent operations driven by analytics - Drive customer engagement to imp...
Intelligent operations driven by analytics - Drive customer engagement to imp...Intelligent operations driven by analytics - Drive customer engagement to imp...
Intelligent operations driven by analytics - Drive customer engagement to imp...
 
Is your omni-channel customer experience seamless?
Is your omni-channel customer experience seamless?Is your omni-channel customer experience seamless?
Is your omni-channel customer experience seamless?
 
Customer experience management - Mapping customer experience across touch-points
Customer experience management - Mapping customer experience across touch-pointsCustomer experience management - Mapping customer experience across touch-points
Customer experience management - Mapping customer experience across touch-points
 
How can analytics transform the multi-channel customer experience?
How can analytics transform the multi-channel customer experience?How can analytics transform the multi-channel customer experience?
How can analytics transform the multi-channel customer experience?
 
How to reimagine the customer experience with digital
How to reimagine the customer experience with digitalHow to reimagine the customer experience with digital
How to reimagine the customer experience with digital
 
Uncover customer service challenges in the digital age
Uncover customer service challenges in the digital ageUncover customer service challenges in the digital age
Uncover customer service challenges in the digital age
 
Cut cost while boosting customer loyalty
Cut cost while boosting customer loyaltyCut cost while boosting customer loyalty
Cut cost while boosting customer loyalty
 
Empowering intelligent customer operations through Lean Digital
Empowering intelligent customer operations through Lean DigitalEmpowering intelligent customer operations through Lean Digital
Empowering intelligent customer operations through Lean Digital
 
Genpact – Key Policies and Practices
Genpact – Key Policies and PracticesGenpact – Key Policies and Practices
Genpact – Key Policies and Practices
 
Genpact VAI Q3 2015: Capital markets records high on #enterprise #volatility ...
Genpact VAI Q3 2015: Capital markets records high on #enterprise #volatility ...Genpact VAI Q3 2015: Capital markets records high on #enterprise #volatility ...
Genpact VAI Q3 2015: Capital markets records high on #enterprise #volatility ...
 
Genpact VAI Q3 2015: Drop in #volatility marked by corresponding spikes in ad...
Genpact VAI Q3 2015: Drop in #volatility marked by corresponding spikes in ad...Genpact VAI Q3 2015: Drop in #volatility marked by corresponding spikes in ad...
Genpact VAI Q3 2015: Drop in #volatility marked by corresponding spikes in ad...
 
Genpact VAI Q3 2015: Volatility and adaptation events reduce for most industr...
Genpact VAI Q3 2015: Volatility and adaptation events reduce for most industr...Genpact VAI Q3 2015: Volatility and adaptation events reduce for most industr...
Genpact VAI Q3 2015: Volatility and adaptation events reduce for most industr...
 

Recently uploaded

Falcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business PotentialFalcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business PotentialFalcon investment
 
New 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck TemplateNew 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck TemplateCannaBusinessPlans
 
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur DubaiUAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubaijaehdlyzca
 
Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1kcpayne
 
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al MizharAl Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizharallensay1
 
Falcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business GrowthFalcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business GrowthFalcon investment
 
Organizational Transformation Lead with Culture
Organizational Transformation Lead with CultureOrganizational Transformation Lead with Culture
Organizational Transformation Lead with CultureSeta Wicaksana
 
Falcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investorsFalcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investorsFalcon Invoice Discounting
 
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGBerhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGpr788182
 
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGParadip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGpr788182
 
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in PakistanChallenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistanvineshkumarsajnani12
 
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfDr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfAdmir Softic
 
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...meghakumariji156
 
Uneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration PresentationUneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration Presentationuneakwhite
 
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptxQSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptxDitasDelaCruz
 
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All TimeCall 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Timegargpaaro
 
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service Available
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service AvailableNashik Call Girl Just Call 7091819311 Top Class Call Girl Service Available
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service Availablepr788182
 
PARK STREET 💋 Call Girl 9827461493 Call Girls in Escort service book now
PARK STREET 💋 Call Girl 9827461493 Call Girls in  Escort service book nowPARK STREET 💋 Call Girl 9827461493 Call Girls in  Escort service book now
PARK STREET 💋 Call Girl 9827461493 Call Girls in Escort service book nowkapoorjyoti4444
 
Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel
 

Recently uploaded (20)

Falcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business PotentialFalcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business Potential
 
New 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck TemplateNew 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck Template
 
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur DubaiUAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
 
Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1
 
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al MizharAl Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
 
Falcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business GrowthFalcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business Growth
 
Organizational Transformation Lead with Culture
Organizational Transformation Lead with CultureOrganizational Transformation Lead with Culture
Organizational Transformation Lead with Culture
 
Falcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investorsFalcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investors
 
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGBerhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
 
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGParadip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
 
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in PakistanChallenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
 
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfDr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
 
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
 
Uneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration PresentationUneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration Presentation
 
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptxQSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
 
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All TimeCall 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
 
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service Available
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service AvailableNashik Call Girl Just Call 7091819311 Top Class Call Girl Service Available
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service Available
 
PARK STREET 💋 Call Girl 9827461493 Call Girls in Escort service book now
PARK STREET 💋 Call Girl 9827461493 Call Girls in  Escort service book nowPARK STREET 💋 Call Girl 9827461493 Call Girls in  Escort service book now
PARK STREET 💋 Call Girl 9827461493 Call Girls in Escort service book now
 
Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024
 
HomeRoots Pitch Deck | Investor Insights | April 2024
HomeRoots Pitch Deck | Investor Insights | April 2024HomeRoots Pitch Deck | Investor Insights | April 2024
HomeRoots Pitch Deck | Investor Insights | April 2024
 

eBilling: Keeping Up with Customer Expectations

  • 1. F I N A N C E A N D A C C O U N T I N G eBilling:KeepingUpwith CustomerExpectations Increasingly, companies are realizing that people accustomed to easy accessibility of information expect convenience in their business relationships as well. Surveys indicate that over 50% of customers prefer eBilling (EIPP - Electronic Invoice Presentment and Payment) for lower costs in processing and convenience of accessing invoice information online, streamlining processes, and receiving customized billing statements. Yet Accounts Receivable is such a critical process for any company that many are reluctant to effect such changes for fear of undue disruptions, even as they struggle with legacy systems, manual processes, high error rates, lengthy payment cycles, and deep customer and vendor dissatisfaction. Theexecutionchallenge This is the internet age, when instant access to information has become the norm. Increasingly, companies are finding that people accustomed to accessing information from anywhere expect such convenience in their business relationships as well. Surveys indicate that over 50% of customers prefer eBilling (EIPP - Electronic Invoice Presentment and Payment) for the lower costs in processing and the convenience of accessing invoice information online, streamlining processes, and receiving customized billing statements. Yet Accounts Receivable is such a critical process for any company that many are reluctant to effect such changes for fear of undue disruptions, even as they struggle with legacy systems, manual processes, high error rates, lengthy payment cycles, and deep customer and vendor dissatisfaction. Electronic invoicing, by reducing manual touch points, providing ready access to data, and automating the cycle end to end, can entirely eliminate the problem of incompatible data formats, complex and confusing invoicing, and resolve customer issues without time-consuming and expensive phone calls. In this electronic age of instant communication, eBilling is an idea whose time really has come. Painvs.gain For large companies, financial processes generally have been built over many years, and often vary from location to location. They often depend on software that came with acquisitions or has become so entwined in the process that it seems a hopeless task to upgrade it. The entire system tends to be inefficient,
  • 2. manual, and costly in time and labor. Managers have little insight into the process enterprise-wide, while delays and disputes impact cash flow and seriously degrade relationships with angry customers and vendors. Some 30% of all invoices generated by manual processes end up in disputes. Problems that could easily be solved with ready access to invoice information instead become a lengthy process of re-issues, re-approvals, and customer service calls. Add in the ever-rising cost of printing and mailing hard-copy invoices, and the billing cycle becomes an increasing drag on revenues. Genpact eBilling is a technology-based solution proven to reduce operational costs by 25-45% and improve cash flow by 20-30%. Deployable in less than 6 weeks, it streamlines the billing, dispute, and payment functions through an internet- based, self-service environment. Our solution, proven in multiple engagements across a wide range of industries, fosters enduring customer relationships by removing the bottlenecks in the billing process and delivering customized, real-time invoices in multiple formats, and making the process transparent from end to end. Lowercosts,fasterpayments Genpact eBilling is a key component of Genpact’s Order to Cash (OTC) solution, driving significant improvements across the billing, collections, and cash management processes. Delivered either on-premise or via cloud-based SaaS models as the client requires, the solution is scalable to suit the needs of all business types over time and can be deployed globally to standardize operations across the company’s entire footprint. Capable of receiving and standardizing input in a variety of formats, Genpact eBilling solves the problem of multiple legacy systems while automating the billing process to: • Reduce costs • Speed payments • Standardize processes • Reduce errors and disputes • Facilitate reconciliation • Reduce revenue leakage Customized invoices meet enterprise- or industry-specific requirements, while our web-based self-service tools speed resolution of disputes and greatly enhance customer satisfaction. Empoweringrelationships “Snail mail” and hard copies are no longer the keys to solid billing processes. With each “touch” during manual billing, the chance of error increases and time is added to the cycle, delaying payment and affecting cash flow. At the same time, customer service representatives attempting to answer questions from unhappy customers usually do not have access to the paper invoices, lengthening the resolution process and risking revenue impact through loss of customer loyalty and goodwill. Genpact eBilling overcomes these issues by: • Capturing data from multiple billing sources, in multiple data formats, consolidating it, and creating a single view and delivery point • Delivering bills electronically in multiple formats and eliminating hard copies while ensuring archival access • Integrating workflows for both the biller and the payer • Creating a fully collaborative dispute resolution environment • Enabling line item functionality for dispute resolution and cash application Customers can review and organize their bills in a wide variety of output formats, configure auto-payment and reconciliation processes, and take advantage of the system’s support for online payments through multiple payment methods: credit card, ACH, etc. Average Transaction Cost, B2B ($) -60% 5 2 17 10 55 27 -51% -42% Sending Bills Traditional Web-billing and self service Call Elimination Disputes
  • 3. Genpact eBilling has been deployed over the past 10 years in some of the largest corporations in the world, and they are using it to fundamentally change the way they interact with their customers. Our solution turns receivables management into a customer-driven, electronic collaboration that deepens customer loyalty while often halving operating and CRM costs. Self-service portals allow vendors and customers instant access to invoice data and provide many tools for answering their own questions and resolving issues, reducing the number of customer service calls and increasing customer satisfaction. Flexibletosuityourbusinessneeds Genpact eBilling is suitable for companies at all stages of their development, growing with you as your business expands. Implementation can take as little as six weeks, and most companies observe a positive ROI within a year. The solution is backed by adoption, implementation, and support and maintenance services that provide end-to-end transition management and post-deployment support. Flexible solutions include: • Express: SaaS-based, 6-8 week deployment • Professional: SaaS-based, 4-6 month deployment • Enterprise: SaaS/On premise, 6-12 month deployment Oursolutionsgetresults Genpact eBilling is a best-of-breed solution offering both robust out-of-the-box capability and full customization. Clients who have deployed it include a global leasing company that experienced. • 20% reduction in operating costs • 35% reduction in call center volume • 25% reduction invoice volume • 20-day reduction in payment cycle for customers using self- service • Increased customer satisfaction • Improved ability to meet compliance requirements (SOX) Increasingly tech-savvy customers demand more sophisticated systems for obtaining information. Genpact eBilling helps companies satisfy a new generation of customers and significantly increase efficiency and effectiveness in their financial operations all at the same time. Both biller and payer will benefit from the flexibility, cost savings, and comprehensive approach to invoice management offered by Genpact eBilling.
  • 4. About Genpact Genpact is a global leader in business process and technology management services, leveraging the power of smarter processes, analytics and technology to help its clients drive intelligence across the enterprise. Genpact provides a portfolio of process-driven services strengthened by its industry vertical domain expertise, analytical insights, and intelligent technology solutions for better business outcomes. www.genpact.com © 2012 Copyright Genpact. All Rights Reserved. For More Information, Contact: Tanya Johnson, Vice President, Genpact Order-To-Cash Products and Solutions +1 650 641 1209 tanya.johnson1@genpact.com John Kern, Associate Vice President, Genpact Order-To-Cash Products and Solutions +1 317 332 2107 john.kern@genpact.com eipp.solution@genpact.com Visit us at http://www.genpact.com/home/ solutions/finance-accounting/order-to-cash/ebilling