. On the contrary, use of the Internet for this purpose saves all these expenses for corporate treasury departments.

Better Control of Cash Flow: Another advantage of using the Internet is that with the help of electronic invoicing system corporate treasury departments can strengthen their grip on the cash flow. Changing an electronic invoice is instant as opposed to the paper invoice changes. Any time treasury departments can stimulate cash collection by making changes in the invoices is a great opportunity. They

Use of the Internet has brought about vast changes in corporate treasury departments. Corporate treasury departments have long been trying to achieve their target of fast, cheap, and better services and the advent of Internet has given it a further boost. The findings of a recent survey add further to the authenticity of this fact. According to this survey, the drive to increase the internal efficiency has significantly affected treasury functions.

Shift of Focus to Web Site-Based Activities: Use of Internet has helped corporate treasury departments to find solutions for many problems. They are focusing more on the activities that are Web based. It is now very clear that Web sites have become a sound medium to manage workflow activities. Focus of the corporate treasury departments is on cost reduction. Let us look at the example of payables. Payables require multiple routing and approval. Use of paper takes much time. Instead, use of the Internet has given the corporate treasury departments the ability to image invoices and route them with the help of Web-based tools. This helps to minimize cost and time.

Electronic Bill Presentment and Payment (EBPP) and Electronic Invoice Presentment and Payment (EIPP): Use of the Internet has made corporate treasury departments more efficient as they now can better handle customers and suppliers. Particularly common in big companies, Electronic Bill Presentment and Payment (EBPP) and Electronic Invoice Presentment and Payment (EIPP) are gaining more and more popularity. However, EIPP, being a business-to-business application, is more popular than EBPP as a business-to-consumer application. One more factor adding to the popularity of electronic invoicing system is the immediate return on investment. You will be able to save a lot of money with the help of this software, if only 5 percent of your customers choose the option of electronic invoicing. When you use paper for invoicing, sometimes you may have to create five copies of the same invoice to avoid lost and misplaced invoices and for the purpose of keeping records. On the contrary, use of the Internet for this purpose saves all these expenses for corporate treasury departments.

Better Control of Cash Flow: Another advantage of using the Internet is that with the help of electronic invoicing system corporate treasury departments can strengthen their grip on the cash flow. Changing an electronic invoice is instant as opposed to the paper invoice changes. Any time treasury departments can stimulate cash collection by making changes in the invoices is a great opportunity. They

elped corporate treasury departments to find solutions for many problems. They are focusing more on the activities that are Web based. It is now very clear that Web sites have become a sound medium to manage workflow activities. Focus of the corporate treasury departments is on cost reduction. Let us look at the example of payables. Payables require multiple routing and approval. Use of paper takes much time. Instead, use of the Internet has given the corporate treasury departments the ability to image invoices and route them with the help of Web-based tools. This helps to minimize cost and time.

Electronic Bill Presentment and Payment (EBPP) and Electronic Invoice Presentment and Payment (EIPP): Use of the Internet has made corporate treasury departments more efficient as they now can better handle customers and suppliers. Particularly common in big companies, Electronic Bill Presentment and Payment (EBPP) and Electronic Invoice Presentment and Payment (EIPP) are gaining more and more popularity. However, EIPP, being a business-to-business application, is more popular than EBPP as a business-to-consumer application. One more factor adding to the popularity of electronic invoicing system is the immediate return on investment. You will be able to save a lot of money with the help of this software, if only 5 percent of your customers choose the option of electronic invoicing. When you use paper for invoicing, sometimes you may have to create five copies of the same invoice to avoid lost and misplaced invoices and for the purpose of keeping records. On the contrary, use of the Internet for this purpose saves all these expenses for corporate treasury departments.

Better Control of Cash Flow: Another advantage of using the Internet is that with the help of electronic invoicing system corporate treasury departments can strengthen their grip on the cash flow. Changing an electronic invoice is instant as opposed to the paper invoice changes. Any time treasury departments can stimulate cash collection by making changes in the invoices is a great opportunity. They

them with the help of Web-based tools. This helps to minimize cost and time.

Electronic Bill Presentment and Payment (EBPP) and Electronic Invoice Presentment and Payment (EIPP): Use of the Internet has made corporate treasury departments more efficient as they now can better handle customers and suppliers. Particularly common in big companies, Electronic Bill Presentment and Payment (EBPP) and Electronic Invoice Presentment and Payment (EIPP) are gaining more and more popularity. However, EIPP, being a business-to-business application, is more popular than EBPP as a business-to-consumer application. One more factor adding to the popularity of electronic invoicing system is the immediate return on investment. You will be able to save a lot of money with the help of this software, if only 5 percent of your customers choose the option of electronic invoicing. When you use paper for invoicing, sometimes you may have to create five copies of the same invoice to avoid lost and misplaced invoices and for the purpose of keeping records. On the contrary, use of the Internet for this purpose saves all these expenses for corporate treasury departments.

Better Control of Cash Flow: Another advantage of using the Internet is that with the help of electronic invoicing system corporate treasury departments can strengthen their grip on the cash flow. Changing an electronic invoice is instant as opposed to the paper invoice changes. Any time treasury departments can stimulate cash collection by making changes in the invoices is a great opportunity. They

to-business application, is more popular than EBPP as a business-to-consumer application. One more factor adding to the popularity of electronic invoicing system is the immediate return on investment. You will be able to save a lot of money with the help of this software, if only 5 percent of your customers choose the option of electronic invoicing. When you use paper for invoicing, sometimes you may have to create five copies of the same invoice to avoid lost and misplaced invoices and for the purpose of keeping records. On the contrary, use of the Internet for this purpose saves all these expenses for corporate treasury departments.

Better Control of Cash Flow: Another advantage of using the Internet is that with the help of electronic invoicing system corporate treasury departments can strengthen their grip on the cash flow. Changing an electronic invoice is instant as opposed to the paper invoice changes. Any time treasury departments can stimulate cash collection by making changes in the invoices is a great opportunity. They

. On the contrary, use of the Internet for this purpose saves all these expenses for corporate treasury departments.

Better Control of Cash Flow: Another advantage of using the Internet is that with the help of electronic invoicing system corporate treasury departments can strengthen their grip on the cash flow. Changing an electronic invoice is instant as opposed to the paper invoice changes. Any time treasury departments can stimulate cash collection by making changes in the invoices is a great opportunity. They can tempt the customers to make cash payments by offering attractive discounts. Before the advent of Internet, this kind of control of the cash flow was not possible.