U.S. Bank EIPP - Electronic Invoice Presentment and Payment, offers organizations a simplified accounts payable process that can grow as needs change. It offers maximum flexibility and choice, allowing you to select the level of payment automation that is right for your organization from payment to processing to financing:
- Pay Invoices. Simplify your payment and remittance processes and reduce cycle times by using EIPP to pay all your vendors.
- Process and Audit Invoices. Whether you receive paper or electronic invoices, U.S. Bank can help aggregate them all in EIPP.
- Finance Your Accounts Payables. Get the most out of your payment terms and working capital.
Organizations can automate any part of the payment process or combine all three to create an end-to-end solution that automates the entire accounts payable process. Depending on the level of integration you choose, EIPP can eliminate paper invoices, automatically reconcile invoices to orders and make payment to suppliers anywhere in the world.
U.S. Bank uses an Internet-based, integrated invoice processing, payment and financing solution - the Syncada from Visa network - that meets the complex challenge of managing and optimizing global operations.